A cash management system is essential to business health because cash is the lifeblood of any company. If your business lacks a positive cash flow, you’re on the road to failure. Cash management software helps you manage your cash flow using commonly accepted techniques.
The cash management system lets you manage day-to-day transactions, cash balances, funds transfers, and bank account reconciliation in one place. With cash management software, you can monitor, predict, and manage cash across multiple entities using customizable reports and streamlined bank reconciliation processes. All of this happens in real time to support the most accurate decision making.
Transfer funds between bank accounts and track funds that are in-transit. Transfer between accounts in different currencies, and automatically calculate realized currency gains or losses.
Automatically collect all cash account transactions from General Ledger, Accounts Payable, and Accounts Receivable into your cash management system for clearing and reconciliation.
Transactions linked to a vendor or customer automatically create entries in Accounts Payable or Accounts Receivable and update appropriate balances.
Simplify the reconciliation process with cash management software. Add bank charges and bank interest and record any omitted cash directly from the reconciliation screen.
Industries
Wholesale Distribution
Retail
Manufacturing
Food & Beverage Distribution
