Effectively using cash management with trade finance products brings tangible benefits to both corporates and financial institutions.Learn the various benefits of cash management process.
Effectively using cash management with trade finance products brings tangible benefits to both corporates and financial institutions.
It ensures liquidity and optimal use of cash resources by:
Having enough cash on hand at the right time in order to fund core business operations and improve working capital position
Visibility into expected cash needs and forecasted cash receipts
Ability to analyze enterprise-wide cash requirements and currency exposures
Daily cash position and projected cash forecasts to minimize idle cash
Real time cash positioning for preventing bank balance overdrafts and effectively managing liquidity
Bank statement reconciliation protecting unauthorized use, maintain accurate cash balances, identify and resolve bank errors
Cash management also helps you to implement explicit segregation of duties helping minimize frauds and misappropriations.
In the previous article we talked about the meaning of the account reconciliations. Now as you now the definition of account reconciliation, in this article let us see why it is carried out.
Suspense and clearing accounts resemble each other in many respects but there exists important fundamental difference between the two. Read more to explore these differences.
Many different accounts are used in finance. Understand the representation and nature of clearing account in context of accounting, finance and ERP Systems.
Treasury has increasingly become a strategic business partner across all areas of the business, adding value to the operating divisions of the company. Managing activities that were traditionally carried out within the general finance function. Learn about the drivers for this change.
Why enterprises need cash management. What is the purpose of having a well defined cash management process?
Treasury Management - Benefits
Effectively using treasury management with cash management and trade finance products brings tangible benefits to both corporates and financial institutions. Let us discuss some tangible benefits of treasury function.
Introduction to Cash Clearing Process
Unravel the mystery behind clearing accounts. Learn why clearing accounts are used in finance and accounting. Learn why so many clearing accounts are defined in ERPs and Automated Accounting Systems.
How the inflow and outflow of cash is linked to the operating cycles of the business? Learn the cash management process in an enterprize and it's key components.
Introduction to Bank Reconciliation Process
These set of articles provide a brief introduction to Bank Reconciliation Process. This topic not only discusses the meaning of bank reconciliation process but also discusses how this process in handled in new age ERPs and Automated Reconciliation Systems.
Bank reconciliation process is targeted to validate the bank balance in the general ledger and explain the difference between the bank balance shown in an organization's bank statement. Learn the reasons for existence of differences between the two.
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