Shadow Financial Services Corp., developers of the ShadoSuiteÂ® global trade processing, reconciliation, clearing and brokerage accounting system, today announced the availability of its cash management module. Available as a standalone module or fully integrated with the ShadoSuite enterprise system, it addresses the most pressing imperative of any organization: managing cash.
Don Marino, CEO of Shadow Financial, shared, âOur cash management system has been designed for treasurers, by treasurers. Our clients have offered significant input into the design of this module and, therefore, its depth of functionality corresponds to what organizations really need to effectively manage their cash.â
With Shadow Financialâs ShadoSuite Cash Management module, enterprise-wide cash management can be viewed through one dashboard, showing all locations â by currency â of an entityâs cash balances. As with all ShadoSuite functions, visibility into this information is real-time to support timely decision-making. As such, overdrafts are avoidable, and there is more timely bulk investment of excess cash to generate profitability.
Marino added, âThe advantages to Shadowâs approach are numerous. First, our cash management module can be tightly coupled with our other trade processing modules for each asset class, so companies donât lose valuable time and productivity trying to integrate on their own. This is very important, because our module also integrates with our FED and SWIFT wire modules for the movement of cash.â He continued, âShadoSuite Cash Management has drill-down capabilities, so users can quickly and easily access the details behind each balance on a summary. Because the data is readily available in the system, thereâs real-time access, which means users donât have to experience the annoyance of waiting for reports to come back from a vendor. Lastly, as with all of our solutions, there are configurable levels of security, to ensure that the right permissions are in place to prevent unauthorized access.â