BFT: Management of financial flows (Cash Management)

Management of financial flows (Cash Management) - the complete solution on management of financial flows including methodological support and automation of all basic financial business processes.

The product is intended for the organization of a management system for financial flows in groups, large holdings and corporations. A system has flexible configurations that allows to use it taking into account the developed and perspective structure and structure of business processes.

Structure of methodological support

• The analysis of structure of the centers of the financial responsibility, the structure of the budget of cash flow (BCF) used in work of analytical data.
• The analysis of existing regulations of consideration of the documents connected with a funds expenditure, introduction of offers on optimization and updating (if necessary).
• The analysis of regulations of making changes in the approved budget limits.
• The analysis of regulations of the actual accounting of the spent money.

Properties

• Implementation of a system in the web interface allows to provide without installation of the special software access for users to a system on "narrow" communication channels.
• Increase in transparency of work of remote branches and divisions of the company at the expense of the centralized maintaining the normative reference information.
• Support of a layered design of group with selection of the separate centers of the financial responsibility.
• Maintaining the consolidated information on planned and actual balances in cash of group.
• Flexibly configured routes of approval of agreements/payments.
• Control of terms of approval of documents.
• Maintaining archive of documents – typified (according to the reference book) accounting and storage the scan copies of documents.
• Acceleration of process of work with documents at the expense of flexibly customized system of notifications.
• Formation of the management reporting in different analytical cuts.

Functionality

The functionality of a system is configured and if necessary is improved according to the customer's wishes.

A system is separated into modules:

• Maintaining budget of cash flow (BCF):
  • Determination of structure of articles of BDDS and necessary for their detailing analyst (such as payment type, project, etc.).
  • Input / import of the BDDS planned values.
  • Maintaining base of partners.
  • Account management of cash flow of holding as the settlement, opened in all jars, and accounts of cash desk.
  • Registration of the actual values of payments.
  • Matching of the actual values of payments with articles of BDDS.
  • Input/import and approval (if necessary), the adjustments of the plan arising in the course of budget implementation.

• Management of requests for payment
  • Creation/adjustment of requests for payment with indication of purpose of expenditure of means, division, the amount, currency, the partner and his details, the list of budget items with breakdown of the amount by articles. Maintaining archive of documents in a binding to the request.
  • Control of limits of divisions according to cash budgets.
  • Approval and approval of the request.
  • Reservation of limits.
  • the Premises of the request in the register of payments and/or the payment schedule.
  • Matching of payments from the statement with requests.

• Contract management
  • Approval and adoption of agreements and supplementary agreements.
  • Control of accomplishment of agreement obligations.
  • Planning and tracking of execution of payment schedules under the agreement, including with preliminary control of a limit.

• Payment schedule
  • Planning of payments – the premises in the calendar of the approved and approved requests for payment with indication of the account from which payment, and payment dates will be made.
  • Planning of receipts – information input about planned receipts.
  • Management of the payment schedule – is provided movement of payments between days/weeks in the selected calendar period.

Effect

• Transparent and controlled movement of cash flows.
• Gain of control of expenses.
• Reduction of time of approval of agreements and payments.
• Possibility of flexible management in cash in a layered financial structure.