Software to fundamentally improve the cash supply chain
Accounting Management-Settlement (AMS)
The module is part of the Cash Management cluster which provides for module superseding functionality relating to stock and asset movements, accounting and query & reporting facilities. AMS provides for the accounting requirement linked to the cash book entries and ensuring that the loop is closed for every cash point relating to the settlement of all transactions, stock movements and billing data entered into the cash book.
The settlement process is directly related to the cash book entries applicable to the cash transactions, stock movements and billing data e.g. buy, sell, delivery, and receipt of consignments.
Settlement covers all executed cash movements to be administrated (and reported) into the holdings of the owner (e.g. bank, customer) and the physical location where these holdings are located. This provides a clear view for the Cash Manager to take the correct decision on the optimization and availability. Only the exceptions through reconciliation are to be managed separately. An extension of the latter is that these settlements are administrated into the central cash book and can be directly reported into GL holdings, even though these are outsourced and decentralized services. The settlement module uses standard protocols for direct entry into bank systems.
· Data from modules Reconciliation, Stock Management, Billing
· Settlement information
· Bank (sub) GL data files
Cash Manager, Financial department, Financial Manager, (Bank) client