Cash Management

 

The Sage 500 ERP Cash Management module improves efficiency by using the power of automation to streamline transaction processing and reconciliations.

 

Cash Management enables you to quickly and easily handle and track a wide range of bank transactions—including deposits, withdrawals, adjustments, interest earnings and charges, bank fees, and transfers between bank accounts—with pinpoint accuracy. In addition, the module’s extensive drill-down and drill-around capabilities give you fast, convenient access to transaction details and source information.

 

When integrated with the Sage 500 ERP Accounts Receivable module, Cash Management simplifies deposit generation by allowing you to automatically create deposits in the system when posting cash receipts in Accounts Receivable. Integration of Cash Management with Accounts Payable and Accounts Receivable enables you to access payment and deposit information by bank account, confirm transactions, and import cleared transactions from your bank for automatic reconciliation. Integrate Cash Management with the Multicurrency Management module, and you’ll be able to set up bank accounts in currencies other than your home currency.

 

Cash Management Highlights

• Utilize the Cash Management module to simplify deposit generation, reconcile transactions, and process multicurrency bank transactions
• Create bank accounts in any currency when integrated with the Multicurrency Management module
• Process any type of transaction batch imaginable while limiting access or placing batches on hold
• Handle and track many different types of bank transactions
• Simplify deposit generation through Accounts Receivable integration
• Access payment and deposit information by bank account when Cash Management is integrated with Accounts Payable and Accounts Receivable
• Set up your system to smoothly handle the increased volume of banking transactions that occur at period end
• Provide easy access to source information, such as bank account status, history, or detailed account statements
• Set up security groups and assign access permissions to restrict access to confidential banking transactions and account information