Is Your Treasury Platform Ready for Your CEE Expansion?
The wide variety of regulatory requirements, local products, and different payment formats makes managing financial processes during expansion into the CEE region complex and time-consuming. This is exactly where the CMIplus cash management platform comes in with its integrated ecosystem approach.
“The CEE market has a wide range of regulatory requirements and local variations, such as in payment formats,” explains Björn Zaksek, Cash Management Product Expert at RBI. “Not many banks are able to aggregate these differences and pass the data on to clients in a harmonized, processed form.” The CMIplus cash management platform harmonizes these local formats and products and outputs them in a consistent format. This saves companies a tremendous amount of effort and enables efficient data processing.
Regionally anchored, globally connected
A key advantage for cash management processes in the CEE region is local presence. “We have full-service banks and actual accounts in the respective regions. Building on this, we implement a technical layer with a payment factory that is centrally managed from Vienna.” This combination of local expertise, regulatory compliance, and technical innovation sets CMIplus apart. “We can ensure that regulatory and compliance processes are handled with great care and at a unique level of depth.”
Direct connectivity as a competitive advantage
The innovative ecosystem approach of CMIplus is based, among other things, on deep API integration, which enables seamless connectivity into systems such as SAP. “RBI offers the ability, for example, to integrate local CEE accounts directly into SAP in a centralized way,” says Björn Zaksek. “As one of the exclusive member banks of SAP Multi-Bank Connectivity (MBC), this brings several advantages for clients,” says the expert. API connections are available directly from the system and are more cost-effective, as the connection is already pre-installed.
Modern functionality, user-friendly application
The platform operates in real time, provides transparency into transactions, and features an intuitive user interface. The design and usability of CMIplus are also aligned with modern standards: “We draw inspiration from retail banking, but treasury processes are more complex. That’s why we offer modular, intuitive solutions with responsive design, dashboards, and widgets.” This allows users to manage their treasury functions efficiently and conveniently.
Easily manage multiple accounts
Another highlight is Electronic Bank Account Management (eBAM), which is integrated into CMIplus. Clients can open, manage, and close accounts independently, without time-consuming manual processes. “After meeting legal requirements such as KYC and identity verification, clients can administer the entire account lifecycle on their own," explains the expert. “Especially in the CEE region, where we operate in 11 countries, our clients benefit from significant economies of scale: functionalities and solutions can be reused, which makes managing numerous accounts significantly more efficient. eBAM is a major innovation project and will be expanded even further in the future,” reveals the expert.
New services and partnerships
RBI also relies on close collaboration with third-party providers and fintech companies: “We are already working with well-known fintech companies and aim to further scale these partnerships.” The bank actively reaches out to innovative partners and integrates their solutions into its ecosystem. “We consider fintech companies to be valuable system partners, not competitors.”
Conclusion: The right partner for your CEE Expansion
Diverse regulatory frameworks, local standards, and inconsistent payment formats pose real challenges when expanding into the CEE region. Therefore, finding the right partner is essential. “Anyone looking to combine genuine local accounts with leading technology and top-tier cash management consulting through a single point of entry in Vienna will find us to be the right choice,” summarizes Björn Zaksek.