Enterprise and especially group cash management requires meticulous governance of cash balances and positions across multiple entities, currencies and jurisdictions and compulsory processes forever evolving to comply with risk policies and regulatory mandates.

If you are wish to standardise and automate cross-border cash deposits, then these may be some of the questions you face?

• How can we simplify and automate the administration of group cash?
• How can we ensure that group cash is optimized?
• How can we ensure that group cash funds are diversified?
• How do we monitor group cash is within risk policies?
• How do we allow decentralized cash management with centralized buying power?
• How do we monitor that banks are competitive on pricing?
• Can we provide price discovery on a shared service?
• Can we administer and optimize offshore cash balances?
• Can we act global and still ensure local bank relationships are maintained?

Typical obligations when administering cash funds or cash management would include:

• Ensuring the safety of cash funds (placing funds with investment-grade institutions)
• Diversification of funds (ensuring funds are allocated across different banks/counterparties to ensure all eggs are not in a single basket)
• Matching cashflow durations (making sure that cash funds and liquidity will be available based on your forecasted requirements)
• Managing instructions to banks
• Shopping for the best interest rates
• Managing interest accruals and schedules
• Reporting on cash funds, risk, limits, and performance
• Providing evidence of acting in the best interest of all stakeholders