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Cash Master

Increasing Efficiency and Reducing Risk with Cash Payment Process Controls

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The payment and settlement process is an area that every manager should treat with extreme care as a simple mistake can cost firms a fortune. With the use of manual processes and controls, firms are far more susceptible to error, however; there are several measures that have garnered popularity and traction over the years that firms can implement to help avoid this risk, which we’ve outlined below: Read More

Deploying an Automated Cash Management Solution to Avoid Costly Error

Deploying an Automated Cash Management Solution to Avoid Costly Error

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Traditionally comprised of rather standard activities, the risks associated with the cash management process have grown exponentially over the years as firms continue to deal in high value transactions. Without the proper technology in place, many are forced to rely on the accuracy of esoteric manual functions, mainly within the wire approval process where a simple mistake can lead firms down a path of lawsuits and hefty fines. Read More

Cash Management Workflow

The move to a more secure Cash Management Workflow

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Workflows are the heart and soul of the payment and settlement process. This is an area where users prefer to have more control and flexibility due to the risks involved in making an error that may result in a negative impact on the firm. With an application that provides both flexibility and control, users are given access to a perfect platform to set up secure workflows and processes through the below best practices and capabilities:
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Answering Your Questions About SWIFT MT103 Universal Confirmation Requirements

Answering Your Questions About SWIFT MT103 Universal Confirmation Requirements

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Over the years, the demand for transparency has grown exponentially as both market participants and regulators become more concerned with funds’ allocation and generation of capital. In fact, transparency is becoming more of a focus area for these entities within cash management as the number of risk factors throughout the process continue to mount, leading to a greater potential to mismanage cash. For financial institutions operating on SWIFT, this concern has become more evident as new requirements emerge, including SWIFT MT103 universal confirmation.
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