Automated Cash Analytics from AccessPay
Critical cash management insight that empowers treasury and finance decision making
The challenge facing treasury and finance
Data, specifically cash and liquidity data is fundamental to the success of treasury and finance functions across all corporate organisations. The problem is, many treasury and finance professionals find huge amounts of their time is spent gathering this data. Data that is key to balance sheet reporting, cash flow forecasting, risk management, investment decision making and strategic planning. Because this information is held across many disparate sources, the process for gathering this data is time consuming and error prone. Often typified in the compilation of balance sheet reporting next day, using the previous days end-of-day statement and the present days ledger, determining accurate end-of-day positions is a challenge. The result? Treasury and finance professionals using out-of-date or inaccurate cash and liquidity data to drive decision making.
The solution is automation
AccessPay automates the process of gathering cash and liquidity data by routing your organisations statement and intra-day balance information from multiple banks, regardless of location, into a single, intuitive dashboard.
AccessPay normalises this data and allows you to consume it in a way that suits your organisation; by region, by bank, by currency, by business unit or by legal entity.
Users are also able to export these files for easy ERP integration. Automated intra-day statement feeds combined with the ability for users to upload ledger files to the system delivers enhanced daily cash position forecasting. Combined with risk reporting and alerting, the result is an efficient treasury and finance function able to pro-actively invest cash and avoid unnecessary bank overdraft charges.
What can AccessPay do for my Treasury and Finance Operations?
AccessPay unlocks the potential of the treasury and finance team to drive revenue growth and contribute to key strategic decision making by automating the time consuming and risky process of cash and liquidity data gathering
How does our solution work?
Empowering the Treasury and Finance team
Streamline treasury and finance operations to drive revenue growth and contribute to key strategic decision making by automating the time consuming and risky process of cash and liquidity data gathering.
Treasury Analysts and Treasury Operations Managers
If you’re a Treasury Analyst or you manage a team of analysts, you’ll know that much of their time is focused on compiling daily cash position reporting and in many organisations, this process can take up half of the working day. With automated cash management data, analysts free to analyse; to interrogate and deliver insights into the underlying detail on balance fluctuations, unusual balances and trends.
Treasury Managers and Finance Directors
If you’re a Treasury Manager, or Finance Director, you’ll be tasked with delivering timely and accurate data to your front-office colleagues or the Corporate Treasurer for strategic financing and investment decisions. Not only that, you’re also more than likely challenged with reducing costs whilst balancing the need to improve risk management and data insights. Our reporting capability will allow you to identify opportunities for bank cost reduction and service improvements. Automated reconciliation allows you to view accurate positions intra-day by integrating key accounts payable and receivables data with your balance data.
AccessPay allows the Treasury Manager or Finance Director to truly add value to the top line revenue of the organisation by identifying areas of improvement such as; cross currency pooling, uninvested or dormant cash and reduced balance buffers.
CFOs or Corporate Treasurers
Risk management, regulatory compliance, and performance against cash management policy and targets are fundamental areas of responsibility for the CFO or Group Treasurer. AccessPay provides decision makers with the automated alerts you need to monitor against these areas wherever you are. You’ll also have the confidence that your Treasury Operations team are being notified of these same alerts and acting on them.
Find out more at: https://www.accesspay.com/solutions/cash-management/