When a company’s banking information is scattered across different accounts, products, and entities, finding a single piece of data can turn into a small odyssey. That’s precisely why, within KAT Treasury, the Bank Reader module was built — to solve this problem at its root.
What Is Bank Reader?
In essence, Bank Reader is the gateway to all of a company’s banking information. With this tool, you can centralize in a single place all the information on your banking products: accounts, credit lines, confirming, factoring, cards, guarantees, leasing, renting, deposits, and foreign currency. As a result, instead of checking each product separately, everything becomes available in one single environment, organized and easy to review.
Real-Time Data, No More Waiting for End of Day
Moreover, thanks to this centralization, you can check balances, transactions, maturities, and risk limits without waiting for the end-of-day statement. This immediacy is especially valuable for companies working with several banking entities, since it removes the dependency on each bank’s own timing when it comes to making decisions. If you want to dig deeper into how this combined view translates into a full global banking position for the whole company, we have a dedicated article on that topic.
Statements, Certificates, and Automatic Accounting
On top of that, Bank Reader doesn’t just display information — it also lets you act on it. You can download statements, certificates, and supporting documents directly from the platform, with no need to log into each online banking portal separately. Even more importantly, the tool automates the accounting of certain transactions through configurable rules, saving time and reducing the margin for human error. This capability connects directly with the treasury management automation we covered in another article on the blog.
All of this connectivity, in turn, relies on protocols such as EDItran, the banking communication standard accepted by the entirety of the Spanish banking sector, ensuring secure and reliable data retrieval.
Traceability, Internal Control, and Auditing
Finally, Bank Reader lets you keep a complete history to improve traceability, internal control, and auditing. As a result, every transaction is logged and available for later review — something especially valuable when it comes to reporting to internal or external auditors. This information, combined with a treasury dashboard, gives financial leadership a complete view, both operational and strategic.
More Information, Less Manual Work
Ultimately, Bank Reader sums up in a few words what every finance department is looking for today: more information, less manual management, and greater control over your treasury. If you’d like to see how this tool can adapt to your company’s specific operations, you can request a KAT Treasury demo and find out firsthand.
