Module input
- Settings
- Data from Reconciliation, Stock Management, and Billing modules
Settlement processing for reporting and accounting the executed and reconciled transactions, orders, replenishments, counting and stock positions into a (sub) GL of a bank. Integration with the bank system using standard exchange formats. The settlement process is directly related to the cash book entries applicable to the cash transactions, stock movements and billing data e.g. buy, sell, delivery, and receipt of consignments. Settlement covers all executed cash movements to be administrated (and reported) into the holdings of the owner (e.g. bank, customer) and the physical location where these holdings are located. This provides a clear view for the Cash Manager to take the correct decision on the optimization and availability. Only exceptions through the reconciliation are to be managed separately. An extension of the latter is that these settlements are administrated into the central cash book and can be directly reported into GL holdings, even though these are outsourced and decentralized services. The Accounting Management - Settlement module uses standard protocols for direct entry into bank systems.
- Settings
- Data from Reconciliation, Stock Management, and Billing modules
- Settlement information - Bank (sub) GL data files
The premier global seminar for commercial cash management, distribution and circulation. This unique event brings together all stakeholders in cash circulation to share perspectives, ideas, cost saving technologies, strategies, best practices, and case studies for the betterment of the industry.
Sign upLearn about valuable solutions and global best practices, focusing on reducing the cost of cash within the commercial organizations’ cash cycle. About streamlined processes and improved efficiencies to maintain a competitive edge – relevant topics will be discussed that are impacting the industry now. Network with key executives from Central Banks, Commercial/Retail Banks, Cash Management […]
Sign upScience Park 400
1098 XH Amsterdam
The Netherlands
We are a ISO9001 certified company
Service
Support
News
Events
Partners