Cash management is the efficient collection, disbursement, and investment of cash in an organisation while maintaining the company’s liquidity.

It is the way in which a particular organisation manages its financial operations such as investing cash in different short-term projects, collection of revenues, payment of expenses, and liabilities while ensuring it has sufficient cash available for future use.

Account Services

• Single view of online balances.
• Statements can be downloaded directly from the system in a variety of formats compatible with most ERP and accounting systems.
• Specify which staff are allowed access to the various account balances and statements.
• Cheque Services- request for a cheque book, confirm and stop cheques

Direct Debit

A direct debit is a financial transaction where your customer authorises you to collect money directly from their bank account through a direct debit mandate for the amount due on an agreed date. Direct debits are typically used for collection of recurring payments, such as insurance premium payments and utility bills. Amounts may vary from one period to the next.

Direct debit order collections are only available as local transactions, and only in the local currency and it can either be fixed amount or Variable amount.

Liquidity Management

Complete visibility into your cash positions, global balances and transactional information is critical to day-to-day cash flow management. It enables you to better utilise available funds and may reduce interest costs through short-term bank borrowings. You will also gain the advantages of more effective forecasting and liquidity management.

Cash Concentration, also referred to as sweeping or zero balancing, is a service that executes a physical transfer of funds between customers’ accounts. This allows for balances from accounts stipulated to be transferred into the nominated account for management by the client treasury department.

Notional Pooling is the notional offsetting of accounts on a single- or multi-entity basis. As there is no physical movement of funds, there is no co-mingling of funds between participating accounts. This reduces interest expenses by notionally offsetting debit and credit balances in the same currency and maintaining account autonomy. It allows each subsidiary company to take advantage of a single, centralised liquidity position, while still retaining daily cash management privileges – with minimal administration.

Host to Host

Host-to-Host is a direct system-to-system integration between your ERP system and the bank, and with no user intermediary involved. The client system communicates with the bank across any of its supported networks.

Payments

• Secure payment transactions.
•  Single view of all customers’ accounts, statement and transaction history within the bank on the platform.
• Carry out intra & interbank transfers using NIP and NEFT, RTGS.
• Create international payments in any of the supported currencies.
• Cheque Services- request for a cheque book, confirm and stop cheques.
• Make Salary, Supplier/Vendor Payments.

• Account Services
• Collections & Receivables Automation
• Payments
• Standing Instruction
• Direct Debit solution
• Payroll Services
• Liquidity management
• Host to Host (ERP Integration)

• Medium or Large Scale Commercial banking customer
• Corporate Banking/ Limited Liability Companies
• Public sector – State Governments and their parastatals