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Cashfac PLC Office Head Office

50 Mark Lane
London
EC3R 7QR
UK

Cashfac - Australia Office

Level 31 120 Collins St
Melbourne
Victoria 3000
AU

Cashfac - Scotland Office

Cedar House, Quarrywood Court
Livingston
EH54 6AX
Scotland

Telephone

+44 (0)207 920 0617

Contact

Cashfac Marketing Dept
[email protected]

Sweeping and Target Balancing

For many years, businesses and banks have needed to move money between accounts to optimise their liquidity or availability while maximising return on that money. This could have been for imprest (top up) accounts to hold funds in the most logical place or even to forward monies, when a balance has been achieved, to a third party. As a rule, this process has been manual or has required an immensely powerful mainframe solution to automate even the simplest of sweeping requirements.

Our virtual accounts platform provides this as out of the box functionality. Our solution offers businesses the opportunity to automatically allocate receipts and instigate other actions which are dependent on those receipts. The solution splits received credits and forwards each split either to third parties or other internal accounts and sets these splits on either the narrative of the payment or on a value basis of the credit. It monitors all monies held and achieves target balances and commits to a set of actions that match the customer’s risk profile. It can also defund or “sweep” a virtual account automatically when the credit causes it to reach its target balance.

View other products from Cashfac

Payments Management

Businesses typically need to manage complex relationships between their back-office ledgers and their bank accounts. With the introduction of virtual accounts, it is possible to create a hierarchy of virtual accounts that can map to their ledger and act like a bank account. Our platform seamlessly integrates a business’s Accounts Payable (AP) process from their …

Multibank Cash Management

Bringing together unlimited numbers of real and virtual bank accounts in a single view, our multibank capabilities provide direct control over balances with an accurate forward balance view. Customers can manage their cash seamlessly across multiple bank partners with the solutions underlying bank connectivity managing the actual cash flows to and from each bank. It …

Order-to-Cash

Cash is the lifeblood of any business. It is crucial that businesses seek to shorten their order-to-cash (O2C or OTC) timeline to improve their cashflow, cut financing costs and increase turnover. Our solution works with your existing accounting and ERP systems. It allows you to deliver maximum efficiency to the cash receipts processing stages of …