Cash Position Management

Simplify your account management and optimize working capital.

In today’s fast paced business environment, managing working capital and liquidity is challenging. To maintain a competitive edge, you need flexible cash position management solutions to help you manage your accounts. We offer a full range of tools to help you simplify account reconcilement and at the same time optimize working capital.

Zero Balance Account
Optimize your funds with centralized, automated control while reducing bank fees and clerical workload—and earn greater returns on excess cash. With a Zero Balance Account, you can establish independent operating sub-accounts, linked to a single master account. At the end of the processing day, the sub-account ledgers adjust to zero or a threshold amount and the appropriate amount automatically transfers to or from your master account. Whatever your unique needs, accounts can be configured in a variety of ways to give you the control and detailed reporting you require.

Sub Account Management
Sub Account Management can help eliminate the need for multiple bank accounts, while maintaining the reporting integrity at the sub-account level. By establishing virtual sub-accounts, you have the ability to open and close sub-accounts, maintain separate statements, track balances, deposits and check disbursements. You can also allocate interest earnings and/or interest expense by division, department, customer or legal entity within one master bank account.

Eliminate excess balances
With our cash concentration service, you can reduce excess balances. We also offer overnight Business Sweep to help you maximize returns on your operating cash.

Some of the features of our cash position management solutions are:

  • Maximize Your Cash

    • Optimize your funds with Zero Balance Accounts

      Our Zero Balance Account option gives you greater control over your funds—and many other benefits.

      • Eliminate bank fees for routine transfers and balance reporting
      • Automatically pool funds into a single account, reduce idle cash and easily transfer funds into overnight investment vehicles
      • Eliminate time spent monitoring account balances and transferring funds
      • Receive separate statements for each sub-account to ensure an independent audit trail and simplify recordkeeping
  • Simplify Accounting

    • Savings and ease with Sub Account Management

      Sub Account Management can help consolidate multiple sub-accounts under a single master account. This service allows you to maintain separate statements and track transactions by sub-account.

      • Consolidation of bank accounts
      • Reduction of clerical workload
      • Annual 1099 forms generated for each account
      • Assistance with reconciliation requirements for compliance reporting
      • Interest allocation at the sub account level
  • Cash Concentration

    • Make the most of your cash reserves

      Gain more control and visibility into excess balances by consolidating funds from multiple deposit accounts to a master collection account.

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