Cash Applications

Cash applications usually involve significant manual processing and reconciliation when mismatches occur. For example, if a customer remittance amount does not match the invoice amount, manual intervention is required to resolve this. Global Upside's services can resolves such discrepancies for you and assist in streamlining the processes. Once identified these procedural errors can be avoided in the future. As a result you improve control over your cash management process while receiving accurate, timely accounting. We perform these functions through your existing banking protocols and lock boxes.

 

Some of the benefits of our cash management process include:

 

• Managing your routine cash handling needs (both inbound and outbound)
• Managing pre-check writing reports and check printing
• EFT and payment voucher mailings
• Applying remittances to customer accounts
• Resolving short payments by customers
• Applying credit/debit memos and discounts
• Cash receipt/disbursement forecasting
• Foreign currency exchange accounting
• Generation of periodic treasury reports