Cash Management Cash Management

Monitor, predict, and manage cash across multiple entities through customizable reports and bank reconciliation processes

How Cash Management can work for you

Establish a single place where you can manage all of your cash needs. Integrated with General Ledger, Accounts Payable, and Accounts Receivable, Cash Management provides real-time reports with summarized views with drill down to account details.

Key Benefits of Cash Management for your Company

  • Integration with Financial Modules

    Automatically collect all cash account transactions from General Ledger, Accounts Payable, and Accounts Receivable into Cash Management for clearing and reconciliation. Transactions linked to a vendor or customer create entries in Accounts Payable or Accounts Receivable and update appropriate balances.

  • Cash Account Transfers

    Transfer funds between bank accounts and track funds that are in-transit. Transfer between accounts in different currencies, automatically calculate realized currency gains or losses.

  • Bank Account Reconciliation

    Simplify the reconciliation process. Add bank charges, bank interest, and record any omitted cash directly from the reconciliation screen.

Important Features of Cash Management

  • Petty Cash Management

    Manage petty cash and back account balances quickly and easily. View transaction history for a specific date range and switch between detailed and daily views. Trace both un-cleared and cleared balances, clear and add cash related transactions directly from the inquiry screen.

    Remittance and Payment Instructions

    Gather and pre-define payment information (preferred payment type, account numbers) for vendors and customers to simplify and speed up payment processing.

    Processing Centers

    Configure the processing centers you will use for cash collection and associate customer payment methods with a particular processing center – used for automated credit card processing.

  • Multiple Currencies Support

    Maintain cash account balances in your base currency and your bank account currency. Execute cash revaluation to reflect rate changes. Automatically calculate realized gain and loss when transferring funds between accounts using different currencies.

    Cash Account Security

    Control access to cash account information and balances to prevent unauthorized access and restrict sensitive company information.

    Cash Account Reporting

    Use provided reports to reconcile cash accounts balances and manage short term cash reserves as well as forecasts and projections. Drill down to review transaction details.

  • Audit Trail

    Maintain a complete audit trail of all cash related transactions. Transaction records cannot be changed – corrections are handled through adjusting entries, which are logged. The system captures the ID of the user who entered the transaction or adjustment. Attach notes and supporting electronic documents directly to transactions.

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    of the Cash Management Application

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