Track and maintain cash assets while updating related reports.
Spectrum® Cash Management automatically accumulates cash-related transactions each day to give you an instant up-to date overview of your cash flow. What would it be like if you had a simple to use cash management system that let you manage your cash assets in real-time across all of your accounting reports? What if you could check data that helped you retain more cash?
What does your Cash Management look like today?
What could it look like tomorrow?
You manually enter transactions into each and every report and use complicated spreadsheets to track cash.
Spectrum® Cash Management lets you enter the transaction once, while it automatically populates all other related reports.
Your banking is done separate of your accounting software adding wasteful time and effort as well as leaving room for error.
Import your credit card and bank statements from multiple banks and accounts to reconcile transactions within the same report, allowing you to immediately reconcile these statements to the General Ledger.
You always have funds in your account to cover cheques you write, regardless of when the cheques are cashed, meaning that you miss out on potential earned interest.
You hold onto your cash longer to earn more interest by using the Cheque History Float that lets you view historical data so you know when cheques actually clear.
Chequing is painful to manage and track.
Cheque sequences can be managed for many chequing accounts. Cheques can be easily voided or reversed. Transfer funds between accounts. Record electronic payments. If you are using a wire transfer instead, either between accounts or third parties, the General Ledger is automatically updated.
You don’t have a system to develop a database of account information.
You have a simple system that develops a database with account numbers, telephone numbers, and representatives.
Wouldn’t It Be Nice?
Wouldn’t it be nice if everything worked together? If your construction software for cash management and your bank account could be reconciled at the same time?
Spectrum® Cash Management is both fully integrated with the appropriate Spectrum® applications and most banks to allow you to manage your cash with a few simple clicks.
Key benefits of the Cash Management construction software include:
- Reconcile your bank and credit card statements through one reconciliation screen
- Need information? Access many different screen options to find information like Statement of History, Current Bank Balance and Cheque Float History
- Know when cheques actually clear by importing files from your bank to develop historical data
- Make cash expensing easier using the direct cheque feature. You won’t have to make an entry in Accounts Payable for direct payments
- Create levels of security access for different users based on their need for information
- Bank Reconciliation
- Credit Card Reconciliation
- Statement History
- Transaction History