MONTREAL, June 7 /CNW Telbec/ - Laurentian Bank of Canada has launched
its MAXAFFAIRES Dashboard, a fee-free electronic financial data transfer
solution designed for its commercial clients. The MAXAFFAIRES Dashboard
automatically transmits tracks and processes financial information. It
simplifies all data exchanges between commercial clients - mainly SMEs - and
Commercial Financial Services of the Bank, while ensuring security and
transparency of operations. Laurentian Bank thus becomes the first financial
institution in Quebec to offer this type of service.
The MAXAFFAIRES Dashboard automated service uses the accounting software
and Excel files already run at most companies, which can produce and transfer
financial data including various documents that the Bank requires to manage
its clients' credit accounts. Therefore, Bank clients can considerably reduce
the time they otherwise spend on such tasks as printing, copying, faxing and
mailing in the course of their various document exchanges with the Bank.
Moreover, because companies upload their financial information directly from
their software, the risk of errors is virtually eliminated.
Among other features, the MAXAFFAIRES Dashboard gives Laurentian Bank's
commercial clients access to the financial history of their companies by
uploading their previous financial reports. Therefore, Bank clients can view
the evolution of their financial situation and understand their business in
order to make well-founded strategic decisions. The MAXAFFAIRES Dashboard
service is available 24/7 and can be accessed from anywhere in the world.
"With our new MAXAFFAIRES Dashboard e-service, our commercial clients can
now easily analyze the current state and evolution of their companies'
financial ratios, as well as receive summaries of their financial health,
which would greatly simplify the management task," says Mr. Luc Bernard,
Executive Vice-President, Retail Financial Services and SME at Laurentian
Bank. "Besides simplified communications with our financial services, our
clients can also take advantage of the most evolved service with high
strategic added value, helping them understand the key elements in the
evolution of the financial situation of their organizations."
About Laurentian Bank
Laurentian Bank of Canada is a Quebec banking institution that operates
across Canada and is dedicated to meeting its clients' financial needs through
excellence in service, as well as through its simplicity and proximity. The
Bank serves individual consumers and small and medium-sized businesses, as
well as financial advisors through B2B Trust. It also provides full-service
brokerage solutions through its Laurentian Bank Securities subsidiary.
Laurentian Bank is well established in the Province of Quebec, operating the
third largest retail branch network and is also a performing player in
specific market segments elsewhere in the country. Laurentian Bank of Canada
has over $17 billion in balance sheet assets and $15 billion in assets under
administration. Founded in 1846, the Bank employs more than 3,300 people. Its
common shares are listed on the Toronto Stock Exchange (TSX: LB). For more
information, please visit www.laurentianbank.ca.
For further information:
For further information: Manon Stébenne, Senior Manager, Media and
Public Relations, Laurentian Bank of Canada, Office: (514) 284-4500, ext.