Improving banking efficacy depends on the order in which the different business banking processes are streamlined.  Notwithstanding the introduction of policies for reduced costs in the application of administrative processes which in turn, results into improved customer services.
All the successful banks aim towards providing their customers with free-flowing transaction banking solutions. This includes the customers’ cash flow and working capital requirements.

• Receivables –  this type of cash flow offers ones’  business a selection of payment channels for their  customers, that includes; EFTPOS (Electronic Funds Transferred at Point Of Sale), BPAY (Payment system in Australia), Direct Debit.
• Payables – this option provides ones’  business with solutions that in turn, helps manage the customers’ payments to creditors and other internal processes, such as payroll
• Making Staff Superannuation Payments – Offering solutions for staff’s superannuation payments through QuickSuper.
• Electronic Solutions – with the advancement in technology assisting the customers’ with their financial reporting through electronic banking facilities.
• St.George 360 Cash Management Solutions – this offers the investors with complete cash solutions.

With the spread of globalisation throughout the different corners of the world, banks are looking for avenues to survive and excel as compared to their competitors. The best approaches taken by the various banks in order to improve their cash flow, is to lower the cost to business and simultaneously increasing the availability & quality of products and services. And to fulfil this approach most of the banks have introduced the system of Transactional Banking with the provision of online banking services accessible 24 hours a day, 365 days a year to the customers worldwide. As the world reeled from the financial crisis brought on by the reckless behavior of Wall Street, and a profusion of toxic investment instruments in the market, one area of finance was on the rise – Transaction Banking. This low risk, high profit business has gained even more attention in recent years as banks have been forced to look for capital sources outside of traditional markets.

Among the various functions adhered to by Transaction banking, the main operations are its presence behind the scenes and offering solutions to treasury. In the broadest definition, transaction banking allows for the safe and efficient movement of cash and securities around the global financial system. This includes institutional cash management services, facilitating trade finance deals and providing securities processing and agency services for both public and private entities.

When credit availability dried up, institutions realized that they could tap into their internal liquidity structures as a potential capital source. Focusing on finding internally trapped liquidity also forced these entities to examine existing corporate structures and weed out inefficiencies. This introspection was a key driver of bringing about organizational changes. These internal transformations in turn lead to immediate cost savings and put companies on track for long-term sustainable changes. Companies also quickly to realized that the treasury departments were ideally positioned to drive these initiatives.