As part of our look at product features, todays post focusses on the cash management dashboard that is part of our cash management operations module.
The dashboard provides a consolidated, real time look all transactions across banks and provides you with your cash position at this point in time. Please see below a screenshot of our cash management dashboard that reports on transactions across 3 banks with totals per flow code, grand totals per bank and your consolidated cash position (bottom right).
Flow codes are nothing but groupings of transactions. Banks send transactions with transactions codes that identify the transaction types - for example the BAI transaction codes that are part of a BAI file. Flow codes allow end users to group multiple transaction codes into a readable format.
For example the ACHC flow code above stands for ACH Credit and is mapped to following BAI Codes - 142 (ACH Credit Received), 143 (Item in ACH Deposit), 165 (Pre-authorized ACH Credit), 166 (Pre-authorized ACH Credit), 169 (ACH Credit) and 201(Automatic Transfer Credit). As you can see, all of these BAI transaction codes pretty much mean that these are ACH credits into your bank accounts. You can of course change the flow code to transaction code mapping using the application itself.
Now, the numbers in dashboard are auto-updated on receipt of transactions or forecasts (Note that forecasted transactions are highlighted in bold). Each number listed above is clickable and you can drill down to the transactions screen to view what transactions make up these numbers.
Down below are a series of buttons, ones that let you drill down to view and reconcile transactions with forecasts, view and manage forecasts, ability to access a few reports quickly, originate concentration and net funding wires and of course the ability to Submit - ie. to create a snapshot of the data or create a cash position at this point in time.
In the next few posts, we will look at the transaction reconciliation and forecast management features that a cash analyst would perform before submitting a position.
Thank you for reading.