Katharina Schön
Modules for the Money Transfer, the electronic statements (Balance Reporting) and for a Planning tool (Treasury) are components of a Cash Management Systems. A number of regulations apply for Cash Management systems like for all financial systems. The framework relates essentially to functionalities of journals and supporting documents, changes made to them and to period…
The daily transfers of balances and the adjustments of negative balances on bank accounts to and from a main account are called Cash Pooling. Such concentration of liquid funds is not recommended for some currencies to avoid penalty interest. To carry out Cash-Pooling on a group level, you need intercompany contracts about the intercompany interest…
The function of the risk management is, among others, to reduce risks like liquidity shortages, insolvency, clients’ inability to pay and currency risks. Keeping an appropriate liquidity reserve consisting of bank deposits and credit lines helps to reduce the risk of failure to pay.
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