Cashflow
This is a web based tool for the effective management of group cash through a forecasting tool that allows organisations (businesses or governmental) to pre-empt and manage fluctuations of their cash-flow requirements in a standardised, auditable and controlled environment, without spreadsheets.
The Cash management solution is aimed at setting up an efficient and effective insight in controlling financial and operational liquidity risk. It provides a centralised and versatile cash flow management tool, especially useful for consolidating cash positions across groups.
Users have access to budgeting, forecasts and a range of useful and decision making reports.
The Cash management solution is aimed at setting up an efficient and effective insight in controlling financial and operational liquidity risk. It provides a centralised and versatile cash flow management tool, especially useful for consolidating cash positions across groups.
Users have access to budgeting, forecasts and a range of useful and decision making reports.
Features and FunctionsCashFlow has an intrinsic bank reconciliation process enabling summary or detailed reconciliations that ensures that cash forecasts are reconciled and aligned with actual cash book or bank statement activities. CashFlow is integrated into other modules and provides integrated forex, money market and orders positions.
The system provides an easy to use and permission based forecasting process. Users create forecasts in easy pre filled forms that require minimal capture, alternatively, file imports or system integration can be designed to simplify the data input role. User inputs are dependent on role and permissions. A frequency function facilitates the simplified capturing of recurring forecasts. Forecasts are routed to authorised users for approval or management. Authorised users are able to manage cashflow forecasts to better meet the overall requirements depending on liquidity. This means the ability to defer, advance, or amend bank accounts or amounts. This solution is a must for all organisations dealing with money flows, liquidity and funding management. NtWeb Cashflow setup enables organisations to define, set up and manage the flow types that are specific to a portfolio or entity. This flexible configuration means naming conventions are user definable. e.g. Inflow-Operating-Fee Income or Outflow-Capex-Plant. The flow type can also be mapped on a “one to one” basis or “one to many” categories dependent on reporting requirements. The NtWeb cashflow category represents the reporting level account that is used to identify and manage the various cash flow types. In most cases, the cashflow categories can be mirrored to the entity’s general ledger chart of accounts. The cashflow categories also retain their flexibility and can mapped to the GL or other primary sources, and can also be mapped to specific bank accounts NtWeb provides multiple cash budget capability. Organisations can create multiple budgets in multiple currencies per reporting period per entity NtWeb’s cashflow is designed around largely around reconciliation to either cash book or bank statement. This concept ensures that cash forecasting in organisations are dynamic and relevant as it must ultimately reconcile to real bank movements. Reconciliations can be achieved on line-by-line items or through aggregated transactions. A history of bank reconciliations is maintained to provide auditability and visibility, adding to the level of comfort of forecasts and cash positions. Bank statements can be imported to simplify the matching process. A variety of decision enhancing reports are available. Most reports can be filtered by: Company and portfolio, Currency, Reporting dates, Bank accounts, Examples include · Approved cashflows · Forecast views · Budget performance · Cash position · Bank reconciliations · Cashflow variance | Screenshot Example cashflow forecast views
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