Treasury Department Automation

Effective cash management
Successful activity of any enterprise entails an increase in the size of cash flows and the number of participants in business processes. The absence of a mechanism for managing cash can lead to the appearance of cash gaps and violations of the fulfillment of obligations. In such situation comes to the aid of business development of the automated treasury system, which allows you to organize the management of cash flows of the company.

The Treasury can successfully implement the following tasks in the enterprise:

  • Effective planning of cash flows, the formation of cash flow budgets;
  • Selection of allowable limits for cash balances;
  • Statement of payment discipline within the company, the delegation of responsibility in the Unit-initiator of payments;
  • Analysis of cash flows online;
  • Management of accounts payable and receivable.
It is important to understand that tools such as a calendar of payments, budgets, cash flow, payment registry, as well as plan-fact analysis of spending flows and cash flows are the most important in the Treasury system.

Three useful tips from experts in the field of Treasury automation

Tip #1. Modern software is the cornerstone of setting up the treasury system. To select a software, use the advice of professional consultants who have extensive experience in implementing tasks in this area and will help you choose the most suitable solution for the tasks and processes of your organization.

Tip #2. Take care of the methodological basis and preparation of regulatory documents. Link among themselves the implementation of payment discipline and KPI employees - participants in the process. Optimize the working hours of your employees - business process reengineering consultants will help you see bottlenecks and eliminate them.

Tip #3. Many companies still automate the treasury by integrating tabular data into accounting systems. The treasury system implemented in software such as Microsoft Excel, Microsoft Access and Lotus has a number of drawbacks: from the high probability of making mistakes and losing information to a low level of data security and processing speed.


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Customer Reviews

“We got acquainted with the system and realized that this is exactly what we need. QlikView allows you to receive information from any accounting systems, can combine and differentiate data, presents them in the form of charts, graphs and ready-made reports, and this is very convenient. "
Mehmet Bodur
Product Director Tommy Hilfiger Europe B.V.
“The expectations from the implementation were fully justified. All the necessary areas of accounting were automated. In addition, we received a tool to automate such processes as cash management, warehouse logistics management, and preparation of the necessary management reporting. "
Victor Markov
General Director of Artsana Rus LLC
“Thanks to the implementation of a specialized system, we managed to increase the transparency and reliability of data, simplify accounting and improve the quality of financial management in general. We are satisfied with the functionality and quality of the "BIT.FINANCE Management Accounting" program and look forward to further fruitful cooperation. "
Oleg Vladimirovich Nesmashny
General Director of OOO "Container-Monolit"