Money Manager is the tool designed to help your bank's customers manage their finances more efficiently.
The service leverages AIS and PIS functionalities to provide your customers with an aggregated, multi-bank view of their transactions, enabling them to perform operations across multiple accounts and receive insights and recommendations on income and expenses.
Money Manager can be tailored for both retail customers, to support individuals in managing their financial well-being, and SME clients, to assist them in managing cash flow, accounts payable/receivable, and supplier relationships.
Functionality
The solution's functionalities are here detailed:
Retail Clients & SME
- Consultation: allows access to aggregated multi-bank information such as balances, income and expenses, and transaction history.
- Payment: enables the execution of an SCT transfer from any aggregated account, with the option to view the list of transfers made from each individual account.
SME Clients
- Active and Passive Cycle Management:
- allows uploading and viewing all invoices (payable and issued) in a single dashboard
- enables invoice payments via pre-filled bank transfer (PIS)
- provides the option to set and receive alerts as reminders for invoice payments
- Supplier Management:
- allows viewing trends of incoming and outgoing invoices
- enables viewing the customer/supplier registry and executing direct payments (the registry updates automatically when an invoice is uploaded or manually as needed)
- allows reconciling payable invoices with payment transfers through a unique code embedded in the PIS
What the benefits are
Retail Clients
- Simplified expense monitoring through an aggregated view from multiple financial sources.
- Tracking of spending habits and setting savings goals enabled by the generation of personalized insights.
- Optimized management of multi-bank payments with the ability to initiate them from a single access point.
Corporate Clients
- A clear and comprehensive single view of your aggregated business finances.
- Facilitated management of the accounts receivable and payable cycle through the joint display of all active and passive invoices.
- Efficient supplier payment management with the ability to pay via pre-filled bank transfers (PIS) directly from the supplier database.
- Simplification of operational and accounting tasks through the light reconciliation of invoices paid via pre-filled bank transfers (PIS).
Why choose Nexi
Money Manager represents a comprehensive offering capable of combining multiple tools, both Open Banking and non-Open Banking, into a single service of great added value for Banks and their Customers. This is made possible thanks to Nexi's end-to-end support, its extensive knowledge of Open Banking, and its technological and financial expertise.
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