International electronic balance reporting is worth fighting for
Article Abstract:
Corporations are increasingly relying on bank-generated account balance reports to govern cash management decisions. Electronically reported cash account balances are helpful to companies of all sizes because of the speed with which such reports can be prepared and the real-time aspects of such reporting. Multinational companies find electronic balance reporting the most beneficial. Foreign banks are not as likely to produce electronic balance reports, and when such reports are generated by foreign banks, they are not as likely to be accurate as domestic bank reports are. Multinational companies are more frequently demanding electronic balance reporting from foreign banks, especially since failure to provide such reporting has repeatedly evidenced areas in which corporate funds were earning interest for the foreign banks, rather than the company to which the funds belonged.
Publication Name: Cashflow Magazine
Subject: Business
ISSN: 0196-6227
Year: 1987
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Electronic mail provides link to the new teamwork
Article Abstract:
Electronic mail or desktop communication can help improve communications between corporate treasuries and their operating units, presenting an attractive alternative to telephone calls, written memoranda, and other media. Costs are minimal for starting up an electronic mail system, especially if managerial workers already have access to a computer terminal. A small subscription fee or use charges running from 20 cents to a dollar a message are typical. The impact of electronic mail systems has been small in treasury management compared to sales, marketing, and production because treasury is a relatively small and less sophisticated function. Today's treasury management practices require treasurers to keep in closer touch with daily business operations, and electronic mail can make that task easier to fulfill.
Publication Name: Cashflow Magazine
Subject: Business
ISSN: 0196-6227
Year: 1987
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Lockbox software provides data to be analyzed, not answers
Article Abstract:
Despite lower interest rates (which some perceive as obviating the need for lockbox systems), lockboxes continue to be effective cash management techniques. Software is available to analyze a company's needs relative to lockbox systems. Three such software programs are briefly described: Lockbox Micro Model and Lockbox Evaluator-PC from Phoenix-Hecht, and Solution I from Decision Systems Inc. Prior to using these systems to assess whether or not to employ a lockbox system, financial managers should decide which types of transaction will (and will not) be handled by the lockbox system, which divisions should be analyzed and how they should be analyzed (as a group or separately), and select the level of detail for the analysis.
Publication Name: Cashflow Magazine
Subject: Business
ISSN: 0196-6227
Year: 1986
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