Cash management Free up your organization’s cash, minimize costs, and control liquidity across the enterprise.

Frequently Asked Questions

• Why are companies automating their cash management operations?

  Reliance on spreadsheets or outdated systems leaves cash managers struggling to handle day-to-day operations efficiently and securely. An ION TMS provides you with a centralized location to understand and analyze your cash position.

  For more insight, read our latest blog post on why no treasury should rely on spreadsheets.

• How can an ION Treasury Management System (TMS) support cash optimization strategies?

  For any cash optimization strategy, the key to success is having good cash visibility. The better your cash visibility the easier it is to make optimal decisions at the right time. Relying on spreadsheets can be time-consuming, difficult to maintain, and lacking a real-time element to reflect any changes.

  ION’s TMSs help support organizations with their cash optimization strategies by providing this visibility. Enabling real-time data consolidation from your banks, ERPs, subsidiaries, and financing activities. Cash positions are automatically updated, and increased accuracy of cash forecasts allows organizations to react quickly to make optimal decisions, lower cash buffers, and decrease reliance on external funding.

• How can Artificial Intelligence (AI) help to improve cash forecasting?

  Machine Learning-based forecasting methods are able to produce cash forecasts significantly quicker and with greater accuracy than manual processes. They are also able to reveal new insights from large data sets that traditional methods cannot.

  ION has developed tools to help users create forecasts and predict cash movements using multiple Machine Learning techniques, reducing the time taken to generate forecasts down to a matter of seconds.

  Learn more about how ION Treasury customers can take advantage of these exciting new capabilities here.

• What’s the ROI of cash management software?

  To determine the value of new cash and liquidity management software for your organization, think about the following:

  • What is the dollar value of idle cash?
  • If you had global visibility into cash positions, could you avoid exceeding lines of credit?
  • If your forecasting was more accurate, could you make better use of your cash?
  • If you had one subsidiary depositing in one bank and another taking out a loan from a different bank, how much would you save on interest and bank fees with an in-house bank?