Theme: Employee benefit trust for a major retailer manages cash efficiently with Flagstone International's swift execution.

Problem statement: Ocorian identified the need for a cash management solution for one of its EBT clients. The trust required a solution that would efficiently handle their deposits to ensure optimal returns in a timely manner.

Solution: Having utilised the Flagstone International platform for clients in other areas, Ocorian identified our platform as a potential solution for this issue. Following initial discussions, an application was submitted to us. Upon receipt, our onboarding team reviewed and opened the account within two days. The account was then funded, and deposits were placed the following day. The entire process, from inception to placing deposits, took less than five working days.

Quote: "We at Ocorian were impressed with the efficiency and speed demonstrated by Flagstone International. The ability to onboard a new client and enable them to place deposits within five days highlights their commitment to excellence and client satisfaction. This quick turnaround enabled our client to immediately benefit from competitive returns. We look forward to our continued collaboration with Flagstone International." Marc Krombach, Director - Global Treasury Services

Key benefits:

• Flexibility: The client accessed a variety of deposit products through a single, streamlined platform.

• Pace of execution: From application to funding, the entire process was completed within five working days.

• Competitive returns: The deposit products chosen provided competitive interest rates, ensuring the client's cash was working efficiently.

Outcomes:

• Swift onboarding: The client's account was set up and ready to use within three days.

• Rapid funding: Funds were placed and earning interest by the fifth day.

• Enhanced cash management: The client could effortlessly manage their cash with access to competitive rates and flexible deposit options.

By leveraging Flagstone International’s platform, Ocorian was able to meet their client's need, demonstrating the platform’s capability to deliver swift, efficient, and beneficial solutions for cash management.