We optimize centralization and cash flow with Shared Service Centers, reducing transactional costs by offsetting debts between companies, improving the management of Working Capital needs and Costs. SAP In-House Cash is one of the solutions for the Payment Factory or payment factories.
FINANCIAL SERVICES: CENTRALIZATION OF CASH
SAP CASH MANAGEMENT - SAP CASH AND LIQUIDITY MANAGEMENT
NEED
SAP CASH MANAGEMENT
SAP CASH AND LIQUIDITY MANAGEMENT
The organization requires a comprehensive solution to manage and administer centralization and cash flow , this solution must:
AUTOMATE
Banking services to reduce costs for transfers and management of external bank accounts.
CREATE VIRTUAL BANKS
To handle intercompany payments, centralization of payments to third parties, customer collections and optimization of liquidity in the organization
CONTROL AND VIEW
Balances, movements and statements for internal accounts and payment processes.
REDUCE
Significantly external bank accounts and external payments in the organization, creating its own internal banking network avoiding unnecessary transaction costs.
PERFORM
Netting of inter-company positions before sending external transactions and optimizing working capital to reduce financial costs.
OPTIMIZE
The updated cash position of the economic group day by day.
SOLUTION
Our solution allows the company to carry out its banking operations through one or more virtual banks (In-House Cash Center) and it will also be able to:
Centralize cash management in Shared Service Centers and thus reduce costs for external transactions and optimize cash flow.
Make payments and internal transfers to its Subsidiaries.
Make payments on behalf of subsidiaries to an external provider.
Collect and control payments from external third parties (clients) to subsidiaries.
IN THE SAME WAY
THAN A BANK ACCOUNT, THE ACCOUNTS IN THE VIRTUAL BANK CAN OPERATE WITH TRANSACTIONS LIKE THESE:
Receive payment orders, current or with future date
Receive prepaid orders with future effective dates
Manage overdraft limits
Manage balance locks
Post every transaction
Charge transaction fees / costs, intercompany interest rates
IT IS POSSIBLE TO HAVE THESE 4 SCENARIOS WITH MORE THAN ONE VIRTUAL CENTRAL BANK:
Each of the organization's subsidiaries will have a checking account in the Virtual Central Bank , on which they can make payments and collections. The Virtual Central Bank sends the corresponding statements and account statement to the subsidiary.
AT THE END OF THE DAY...
THERE WILL BE A CLEAR OVERVIEW OF THE BALANCE OF THE ACCOUNTS WITH EACH OF ITS SUBSIDIARIES AND EXTERNAL ACCOUNTS.
Her organization
will have tangible benefits such as:
Cash Flow Optimization
Reduction of Transactional Costs by netting inter-company operations
Better management of working capital needs and costs
Reduction of bank fees and costs
Elimination of rework of tasks in the financial areas of the economic group
Day-to-day cash flow consolidation
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