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Cash Concentration
Cash Concentration/Topping : It involves physical movement/sweeping of funds between the bank accounts
of the subsidiary companies participating in the cash pool. It comes in many different forms and the amount
transferred between accounts depends upon the rules agreed between the corporate and the bank providing
cash concentration services.
Features:
- Cash concentration based on
- Balances
- Transactions
- Group By Balances
- Group by Value Dates
- Group By debits and Credits
- Adjustment for future dates and back value dated transactions & balances
- Automated and Manual processing involving sweeping, funding, fund reversals and sweep reversals
- Cross currency, across multiple legal entities, cross border, cross bank (multi-banking) cash concentration
- Multiple Time Zone Handling
- Alerts and Notifications
- Rich and analytical MIS
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[Since 1986]
