CASH

MANAGEMENT
SOLUTIONS

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Cash Management Cycle
Cash Management Cycle : Collection

Collection Process
Cash Management Cycle : Collection

 Manual
 Manual processing  Manual
processing  High risk processing
Cash Management Cycle : Collection

Solutions:
Online Bills Collection - allows
customers to pay by sending instructions
online.
Automatic Debit Arrangement - allows the company to
collect payments from customers via scheduled and
approved debits of amount
Benefits:
• Funds collected are directly credited to the
company’s designated collection account.
• Collection reports are readily available.
Cash Management Cycle
Cash Management Cycle : Payments

Company Payments

 Employees
 Supplier / Business
Partners
 Service Providers
 Stakeholders
 The Government
Cash Management Cycle : Payments

Common Challenges:
1. Tedious and costly payments processing
especially if these are manual :
• Check preparation
• Payments releasing
• Coordinating with suppliers
• Long queue of suppliers claiming their checks
2. High cost from doing payment errands on:
• Personnel
• Premises
• Systems and processes
3. Forfeiture of Discounts / Freebies due to late payments
4. Penalties due to late payments
5. Security risks especially if cash is being disbursed
Cash Management Cycle : Payments

Solutions:
Online Payments Facility - allows direct
credit to the account of the employees /
supplier / government institution .
Check Disbursement - the financial institution to
release the check to the supplier
Benefits:
1. Safe and Less Cost
2. Manage payments conveniently and securely even beyond
conventional banking hours
3. Efficient payment reconciliation through complete
transaction reports available online
Cash Management Cycle
Cash Management Cycle : Account and Liquidity Management

Challenges:
1. Delays in financial reporting due to manual bank
reconciliation and transaction monitoring of :
 Bank statement printouts, debit/credit memos
requested from the branch
 Accounting staff manually matches and posts
transactions based on the bank statement

2. Funding problems due to:

 Limited banking hours
 Unavailable signatories to approve
Cash Management Cycle : Account and Liquidity Management

Solution:
Enrollment in Internet banking :
• Log in anytime and anywhere
• Real time access to deposit accounts
• Bank statements are downloadable

Benefits:
• Convenient and secure monitoring of bank
accounts
• Simplified reconciliation of transactions
• Control of funds
To summarize, the Benefits of Internet
Banking are as follows :

 Readily available account information

 Banking transactions even beyond banking hours
 Convenience to third parties (customers,
suppliers, etc )
 Less cost compare to manual procedure
 Compliance to government mandate in terms of
remittance
 Various channels : PC, mobile device, phone
 File Transfer Service (host to host connections)
CASH MANAGEMENT
EFFICIENCY CAN BE ACHIEVED
THRU INTERNET BANKING

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