LMCASH - daily cash management
LMCASH handles the daily cash management and the disposition of all current accounts. It is attuned for world-wide deployment, and meets the individual needs of a corporation's affiliates. Every user is thereby able to meet his or her individual requirements. The principle of LOADBALANCEDTREASURY® gives even small affiliates the advantages of an extensive treasury system. The cash management module comprises the following process steps:
- Processing of electronic bank statements
- Reconciliation of planned and actual payments
- Analysis of cash flows on current accounts
- Evaluation of ledger and value date balances
- Optimized transfer between bank accounts
- Calculation of interest scales for bank and reconciliation accounts
- Calculation of statistics for all bank accounts
Bank Statements
The basis for daily cash management is the processing of electronic bank statements. tm5 has various interfaces for processing a variety of statement formats. This includes MT940 as well as many different national standards for Europe, America, Asia and Africa. tm5 gives the local company added value and processes the statements which are provided by the local bank as part of the account services.
Upload or Connect
Via the high-performance interface, every company can read in electronic bank statements as a file. Alternatively, by using LMPAYMENT, you have the option of drawing statements directly from the bank. An upload or download is thus no longer required. This creates the flexibility for any user to obtain and process the bank statements for the whole organization in a single step.
The Second Step in Disposition
After processing the bank statements, tm5 provides the option of reconciling all transactions with the existing forecast data. The forecast data can be settled and the transactions marked. Here, every user can set their own tolerances for reconciliation to make the matching as efficient as possible.
Cash flows and forecasts
Cash management offers the option of extensive analyses of the transactions shown in the bank statements, as well as simple and quick planning of expected cash inflows and outflows. This planning can be done manually or may be fed with data from external systems. Due the dynamic integration of all tm5 modules, forecast data is automatically available from transactions which, for example, have been processed in TTCONTRACT or ICNETTING. Of course, all payments from LMPAYMENT are available as soon as they are entered.
Interest rates
The interest calculations for current accounts, to check settlements or to determine interest rate limits are easy to understand in tm5. Thus, tm5 offers all companies the option of creating clearing accounts themselves and issuing them as required. Consequently, having them issued by the in-house bank is no longer necessary. As a result, diverging amounts of interest become a thing of the past.
Account Balances
tm5 can determine the particular account balances from the various data sources at any time – be it dependent on value date, for accounting, balances, changes to the previous period, accounts, payment categories, zero-balancing pools or notional pools, currencies, companies or whatever you or your affiliates need in order to successfully ensure daily cash management.
Transfer
At the end of the day, tm5 makes the decisions concerning the necessary transfers between accounts particularly easy. tm5 provides information and makes suggestions according to your specifications for the optimized clearing of your accounts. The result is immediately integrated into the forecast and entered into LMPAYMENT for execution. Just sign it and send it, then the account transfer is completed.
Your Point of Contact
Wolfgang Frontzek
Tel.: +49 7822 4460 - 0
Fax: +49 7822 4460 - 104
E-Mail: sales@bellin.de
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