Company cash flows: from chaos to control and transparency

The larger the company and the more complex its structure, the more difficult it is to exchange financial information between subsidiaries and the head office. It is not uncommon for one company within a holding to keep unused account balances, while another applies to a bank for a working loan at the same time. The digital transformation of the corporate treasury makes it possible to reduce the amount of manual labor and achieve a systematic approach to liquidity management. Consider the tools that SberTreasury services provide for solving such problems.

SberTreasury helps forecast financial flows, manage currency risk, liquidity, working capital, and other aspects of a company’s financial activities.

Signs that a company can realize savings and productivity gains by implementing digital solutions:

accounting staff are busy manually filling out payrolls;

the manager regularly spends time on personal meetings with the financial director and chief accountant of the company;

information on the status of accounts and operations of subsidiaries is fragmented and not ordered;

the treasurer of the company works with several dozen accounts – each system and each subsidiary has its own account to enter;

the dynamics of the state of the organization’s assets is available only upon request and only for a certain period.

What tools does SberTreasury offer?

Monitoring. Allows you to generate and view current balances and the history of their changes on the accounts of companies included in the group. Information is available in the form of infographics on a tablet, smartphone or desktop computer.

Using the report designer, you can generate reports and statements for all or selected accounts in a convenient format.

To work with monitoring, you need to connect to the SberTreasury automated system, which consolidates data from branches of Sberbank and other commercial banks on the operations of the group’s enterprises.

Single remainder . Allows you to improve the quality of cash flow management on the accounts of the group’s companies. On the specified date and time, consolidates the funds of all group companies in a selected account, and then returns the collected funds to the group companies and pays the generated payments.

The functionality of the product allows the treasurer to determine the parameters and frequency of consolidation, after which the bank automatically performs the specified operation.

Additional functions are also available, such as financing the accounts of group companies for making current payments.

Control and acceptance . The tool is designed to control payments of group companies according to specified parameters. You can set up automatic approval of certain payments, for others manual approval by the treasurer or other responsible person will be provided. Payment confirmation requests are processed and distributed by the SberTreasury automated system.

Agreed accounts go to the bank’s branches for execution, inconsistent accounts are returned to the group enterprise with the status “Refused by the controlling organization”.

Control and acceptance provides centralized control over spending transactions and reduces the risk of unplanned spending.

Direct account management. The tool helps to reduce operating costs by centralizing the accounting function. All accounts of the enterprises of the group can be controlled from one workplace.

A treasury officer can make payments on all accounts of a group of companies, send payroll registers to the bank, upload payment orders or create them manually. He can also use previously saved templates, sign and execute payment orders created by other companies of the group.

An additional level of protection against unauthorized payments is the ability to generate a directory of confirmed counterparties.

The company can connect those SberTreasury products that best suit the specifics of its tasks.

Who needs SberTreasury products

SberTreasury products are primarily useful for large companies that already have a centralized treasury, but it is engaged in “manual” liquidity management. In such companies, treasury officers collect information about account balances and dispose of these balances under financial agreements with banks or between subsidiaries of the holding structure.

The efficiency of the Treasury can be directly expressed in money: transactions with account balances allow a large company to earn additional profitability. Centralization and automation of routine operations help to increase efficiency.

Another case where a company needs digital tools for liquidity management is the use of outsourced accounting. The accounting service can maintain contracts for the client, generate drafts of payments. By signing these payments, the accountant of the company should always be able to see the balances on the accounts and control the flow of money. The tools of the Savings Treasury will also help him in this.

What results to expect from the transformation

Reducing costs by optimizing the number of employees involved in financial management. A group of accountants at the head office can manage the finances of the entire group of companies at once.

Centralization and speed of data processing, the ability to select the necessary organizations and accounts.

Process standardization. There are ready-made templates that determine the planned order of downloading statements, preparing drafts of payments, etc.

In aggregate, the result of the transformation of the corporate treasury can be a general increase in the company’s competitiveness and an increase in the efficiency of liquidity management.

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