Explore Cashbook Resources for Insights on Financial Automation and Solutions

Everyone on your factory floor is well-versed in quality production systems: engineered workflows, standardized work processes, consistent attention to details, identifying and removing inefficiencies, eliminating errors to reduce rework and wastage, improving response times to customer demand and building quality assurance into the system rather than pursuing it as an ...

For manufacturers of consumer goods, deductions are an undesirable but commonplace reality. A CPG (consumer packaged goods) manufacturer sends an invoice to a retailer for $100,000 of goods but yet only receives a cheque for $90,000 in return. Why? The retailer in question has applied “deductions”.

Electronic Data Interchange (EDI) is, fundamentally, the transfer of financial information between businesses. The physical supply chain between buyers and sellers requires a financial supply chain that can capture the complexity of the trading environment. Structure and automation in this process enables vendors, customers and financial institutions to support the physical ...

Effective cash management is integral to the success of global companies. In fact, it is necessary to any company of any size. However as a company grows, the volume of payments and invoices tend to grow too. Therefore, efforts need to be strengthened to manage cash flow more efficiently and ...

The bank reconciliation process is essential to having a clear understanding of business performance and to facilitate efficient business planning.  However, many large organisations still conduct bank reconciliation processes manually, which ensues a long, frustrating, labour intensive process. With manual bank reconciliation comes a high propensity for human error too. ...

Cash application is a highly manual, repetitive, time-consuming process. One that is rife with inefficiencies, audit and compliance issues and increasing bank costs. Many organisations accept the implications of manual cash application as a “necessary evil”. However, organisations who avoid utilising cash application automation software are hurting their bottom line. ...

In global enterprises, the key role of the treasury management team is to ultimately ensure effective cash management. After all, cash management is integral to the financial health of the company.

MT940 is the international standard of electronic account statements developed by S.W.I.F.T. The MT940 file format is typically used for end of day bank statement reporting in organisations right across Europe. Each file contains an opening and closing balance and details of any and all transactions which take place in ...

Lockbox banking is a great cash flow management offering for businesses that receive a large quantity of payments from numerous customers. Lockbox services can effectively accelerate the collection and deposit of check payments sent via the postal service with accompanying remittances.