The Cash Desk Module supports processing of cash transactions from inside out the company and the following operations:
disbursement of loans in different currencies, in cash and directly on borrower’s bank accounts
direct acceptance of cash payments resource transfer among branch offices, cash desks and treasury
The module supports an option for flexible management of exchange rates and currencies from user side with automatic calculation of exchange differences that exclude any possibilities for financial losses. The exchange currency rates can be entered on a daily level and the data for every past day is automatically stored for historic reference. All transactions, including exchange differences are automatically posted in General Ledger and matched on predefined accounts and are immediately viewable in structured reports, generated with the Dynamic Report Generator (DRG).
With the Document Compliance Platform (DDC) implemented on this module, automatic action after every transaction is generation of predefined printable document, to serve as a proof for performed transaction, delivered to the other party in a hard copy.
Management of Internal TransactionsGet direct overview of the cash state in every branch office and manage internal payment transfers between cash desks, bank transfers and treasury with automatic transfer of amounts between branches and cash desks in order to avoid transaction disturbances such as cash deficiencies.
Streamlined Transaction ProcessingSimplify and automate the transaction handling and shorten borrower’s time on counter desk by entering minimum data required for more efficient and prompt process.
Up-to-date Cash Desk JournalReceive complete overview of the future needed financial transaction flows as disbursement and plan everyday work operations in all branches, by tracking transaction balances and cash desk diary in dynamic cash desk reports, easily adaptable to organization needs.