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Cash Management 

A cash management system is essential to business health because cash is the lifeblood of any company. If your business lacks a positive cash flow, you’re on the road to failure. Cash management software helps you manage your cash flow using commonly accepted techniques.

How Cash Management Can Work for You

Manage all your cash needs in one place. Integrated with General Ledger, Accounts Payable, and Accounts Receivable, GRP’s Cash Management system provides accurate reports with summarized views that enable you to drill down to account details.

The GRP cash management system lets you manage day-to-day transactions, cash balances, funds transfers, and bank account reconciliation in one place. With GRP cash management software, you can monitor, predict, and manage cash across multiple entities using customizable reports and streamlined bank reconciliation processes. All of this happens in real-time to support the most accurate decision making.

Key Benefits of Cash Management for Your Business

Integrate with Financial Modules

Automatically collect all cash account transactions from General Ledger, Accounts Payable, and Accounts Receivable into your cash management system for clearing and reconciliation. Transactions linked to a vendor or customer automatically create entries in Accounts Payable or Accounts Receivable and update appropriate balances.

Transfer Funds Between Cash Accounts

Transfer funds between bank accounts and track funds that are in-transit. Transfer between accounts in different currencies, and automatically calculate realized currency gains or losses.

Streamline Bank Account Reconciliation

Simplify the reconciliation process with cash management software. Add bank charges and bank interest, and record any omitted cash directly from the reconciliation screen.

Additional Features of Cash Management 

  • Petty Cash Management
  • Remittance and Payment Instructions
  • Processing Centers
  • Multiple Currencies Support
  • Cash Account Security
  • Cash Account Reporting
  • Audit Trail
  • Petty Cash Management

    Manage petty cash and back account balances quickly and easily. View transaction history for a specific date range and switch between detailed and daily views. Trace both uncleared and cleared balances, and clear and add cash related transactions directly from the inquiry screen.

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