Best Practice Financial Processes - Cash Management.ppt

Best Practice Financial Processes: Cash Management Cash Management - Best Practice Objectives Cash Management - Best Practice Features Cash Management - Best Practice Features Cash Management - Critical Success Factors These are a summary of the key business requirements, which must be met to achieve Cash management objectives. Electronic Interfaces with Accounts Payable, Accounts Receivable, Payroll and General Ledger Establish and maintain good relations with banks Agree Finance terms Reconcile bank accounts on a regular basis EDI for the majority of payments and receipts Automated bank reconciliation systems and processes Cash monitoring and forecasting techniques provide first class accuracy Integrated on line systems to audit trail cash transactions Operate minimum petty cash and foreign currency floats Separation of Cash management staff duties from other finance operations Cash Management - Measures / Cost Drivers Measures Cost of Capital Number of bank accounts Number of banking relationships Number of outstanding reconciling items 3 months old Difference of interest rate of cash accounts vs. Money Market rates per currency Percentage of cash transactions effected electronically Number of days in obtaining value for funds Floating days per bank Cost of cash function as a percentage of total finance cost Number of cash transactions per FTE Number of unreconciled cash transactions Number of accounts outside cash pooling Cash Management - Measures / Cost Drivers Cost Drivers Electronic payment and receipt mechanisms Number of banking locations and bank accounts Number of international locations System interfaces available for cash entries Types of payments and currencies used Number of petty cash sites Number of transactions per day Extent of government regulation Cash Management - Level 0 Context Diagram Cash Management - Level 1 Overview Cash Management - Appendix 1 : IDEF Process Flow * PwC175g 管理资源吧（），提供海量管理资料免费下载！ Cash Mgmt update 管理资源吧（），提供海