Questions 6-8 are mandatory.  

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* 1. How many full time treasury personnel does your company have?

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* 2. How many countries does your company operate in?

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* 3. How many banks do you use for cash management (maintain checking accounts with)?

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* 4. Roughly how many bank accounts do you have?

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* 5. Do you see a need to engage with more local & regional banks to support your international business growth (as opposed to dealing only with global banks)?

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* 6. How interested are you be in improving the following banking processes?

  1 Very Interested 2 Somewhat Interested 3 Not Interested
a. Connecting with local banks around the world.
b. Understanding regulations & required KYC documentation.
c. Access to an up-to-date record of all global bank contact details including customer service, relationship managers etc
d. Maintaining an up-to-date record of bank account status (open, closed, dormant), purpose (payroll, tax, checking, savings, escrow, etc) and transaction activity.
e. Managing account signers, directors & signing limits
f. Access to PEP, negative media & sanction screening
g. Managing online banking access, checkbooks & company seals/chops
h. Maintaining & exchanging FATCA/FBAR forms, incorporation documents, power of attorney & other KYC data with your bank and employees.
i. Evaluating bank spend share of wallet (including fees & interest income to the bank).

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* 7. How frequently does your organization perform the following?

  Never Weekly Monthly Quarterly Annually Other
a. Engage in Mergers, Divestitures or Acquisitions
b. Open new bank accounts
c. Perform Business Continuity Plan (BCP) testing of cash management functions
d. Respond to bank questions on account activity.
e. Update contacts at the bank
f. Verifying all bank accounts with your banks
g. Verifying directors, signers, singing limits with the bank
h. Reviewing KYC information with the bank
i. Review access to online banking with the bank
j. Verify checkbooks and company chop/seals with the bank?
k. Review banking share of wallet

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* 8. How do you maintain and update this information today?

  Don't Do Anything Paper Based Spreadsheet Internal System / ERP Outsource Bank Does it For Me
a. Bank contact details and touchpoints (client service etc)
b. Bank accounts and related details (purpose and status)
c. Account signers, directors
d. Signing limits
e. Online banking access and tokens
f. Checkbooks and corporate chops/stamps
g. FATCA & FBAR forms
h. Corporate legal documentation including Articles of Association, Power of Attorney, board resolutions etc
i. Bank fees and share of wallet

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* 9. Have you experienced operational delays or loss due to fraud or improper bank documentation?

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* 10. How many hours a week do you or your team spend on financial risk management, bank fees, account management and other bank documentation?

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