Saturday, June 23, 2007
Launch of MAXAFFAIRES Dashboard, an innovative e-service offered exclusively at Laurentian Bank
Montreal, June 7, 2007 - Laurentian Bank of Canada has launched its MAXAFFAIRES Dashboard, a fee-free electronic financial data transfer solution designed for its commercial clients. The MAXAFFAIRES Dashboard automatically transmits tracks and processes financial information. It simplifies all data exchanges between commercial clients - mainly SMEs - and Commercial Financial Services of the Bank, while ensuring security and transparency of operations. Laurentian Bank thus becomes the first financial institution in Quebec to offer this type of service.
The MAXAFFAIRES Dashboard automated service uses the accounting software and Excel files already run at most companies, which can produce and transfer financial data including various documents that the Bank requires to manage its clients' credit accounts. Therefore, Bank clients can considerably reduce the time they otherwise spend on such tasks as printing, copying, faxing and mailing in the course of their various document exchanges with the Bank. Moreover, because companies upload their financial information directly from their software, the risk of errors is virtually eliminated.
Among other features, the MAXAFFAIRES Dashboard gives Laurentian Bank's commercial clients access to the financial history of their companies by uploading their previous financial reports. Therefore, Bank clients can view the evolution of their financial situation and understand their business in order to make well-founded strategic decisions. The MAXAFFAIRES Dashboard service is available 24/7 and can be accessed from anywhere in the world.
"With our new MAXAFFAIRES Dashboard e-service, our commercial clients can now easily analyze the current state and evolution of their companies' financial ratios, as well as receive summaries of their financial health, which would greatly simplify the management task," says Mr. Luc Bernard, Executive Vice-President, Retail Financial Services and SME at Laurentian Bank. "Besides simplified communications with our financial services, our clients can also take advantage of the most evolved service with high strategic added value, helping them understand the key elements in the evolution of the financial situation of their organizations."
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