Corporate Cash Management

As part of Enterprise 21’s financial management solution, corporations can elect to manage and perform accounts payable and accounts receivable at a corporate level via the corporate cash management functionality. In doing so, the associated accounts payable or accounts receivable transactions roll up to the higher-level business entity, where the actual payment or posting of cash processes take place respectively. Enterprise 21 also reflects the completion of processing for the detailed transactions at the lower-level business entity and manages the associated intercompany financial transactions in accordance with GAAP standards. Corporate cash processing can be a critical element for executing timely payments and optimizing a corporation’s overall cash management position.