Current systems roll up data at a particular point in time and often involve manual data compilation from many systems both internal and external to the enterprise. The current cash position are only accurate upon the data capture and roll up and do not taking into account activity as it continues to occur.
Goals and Objectives
A real time or near real time view of cash, including the cash to cash cycle of accounts receivable, inventory and accounts payable. The real time view of smart settlement from suppliers, partners and customers tied to bank accounts.
Enterprise Hardware, Personal devices, Cloud, Big data/analytics, Mobile, Applications, Connectivity Services, Cognitive, Next Generation Security
Use Case Summary
The enterprise can now see one complete and real time cash view including AP/AR/Inventory, bank accounts and can recognize smart settlements and the time value of money.