11/6/2022 0 Comments Cash management system safebox![]() Getting each of your banks to send you a file of account balances each day. This is manageable if the number of accounts is low, say 50 or less and the number of banks is low also, probably three or less. If you are going to manage this in any meaningful way, as a corporate treasurer, you need to have, as a minimum, the balance in each of these accounts delivered to you every day. In a large corporate, especially an international corporate, there may be 100s of bank accounts around the globe held in a variety of banks, in many different currencies and owned by all of the different entities within a group. ![]() The more difficult task revolves around the cash at bank, which is what we are focussing on here. The latter two are usually easier to track because they are managed and monitored in a treasury management system (TMS), if you have one. It is fair to say that most corporates when referring to managing the cash, they mean the cash at banks and the near cash instruments such as money market deposits or holdings in money market funds. If you want answers to these questions, then you must put in place an automated system to gather this information, usually on a daily basis, produce a cash flow statement report on it and then take action to move it, invest it, use it to pay back debt or meet some other corporate need that is driven by cash.
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