Unfortunately, this is easier said than done due to the lack of dedicated software and some of the management information for the business is often complicated by diverse manual processes. The lack of automated controls and systems for this essential activity can place a huge operational overhead on the business as well as financial risk.
Aqua Global’s e2gen Cash Management solves these critical issues by providing a powerful solution for users to view and manage their intra-day cash balances for correspondent and internal accounts. The solution provides projected positions to enable the institution to monitor its settlement requirements for the future.
The effort previously spent in deriving and consolidating information is completely eliminated along with the risks inherent in those processes. Intra-day balances are calculated in real time and automated transfers based on specified cut off times can be automatically performed. Alternatively, they can be manually initiated.
Some of the benefits include:
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