Treasury.

• Position: TechnologyTOOLS - Brief Article

XRT has released XRT Business Exchange (XBE) Platform, a secure, communications software tool that centralizes the exchange of financial cash flow information between internal systems and external financial partners on a worldwide basis.

XRT Business Exchange Platform is an international financial flow exchange platform that securely moves information between a corporation and its trusted trading partners. "It streamlines business processes; drastically reduces banking and other financial partner fees; and provides robust, audit-proof security and controls," XRT said in an announcement. "By centralizing financial activity, corporations around the globe have the ability to make financial cash flow information available to subsidiaries and financial partners using more than 100 industry standard and bank proprietary data exchange protocols, file transfer formats, electronic mail and Internet/intranet Web services. XBE allows the integration and consolidation of payment processes and systems, enabling local versus cross-border payments and safeguarding cash...