The continuing trend of globalisation affects many important aspects of global manufacturing, from supply chain operations and distribution logistics to workforce development and even cash application. Multinational organisations often must balance multiple bank accounts in different countries and manage demanding banking needs that result in high fees, added overhead costs and increased difficulty handling invoices. The choice to implement automated cash application software, however, can not only alleviate these issues but improve financial control and even customer service. Global manufacturer Formica overcomes slow cash application processing The Formica Group, […]
Greg Coulter, CEO of Cashbook Software attended the second European Financial Forum held at Dublin Castle on 24 Jan, 2017. The Forum brought together international and Irish industry leaders, policy makers, regulators and subject matter experts to explore the various forces including political, social, economic and technological that are shaping our global financial services industry. This year’s European Financial Forum had added significance following the UK referendum on EU membership and of course the newly elected administration in the United States. The Forum considered a broad agenda through a combination […]
There is a perception sometimes that doing internal software development will lead to a quicker, cheaper, focused outcome. Nothing could be further from the truth. Internal developments often lead to massive over-spends, poor user outcomes and opportunities foregone. To help decision makers avoid costly mistakes in this area, we’ve put together a table of items to consider and questions to ask yourself before you decide to take the plunge on coding a new mini-ERP for cash automation. Cashbook Internal development Product Functionality 25 years’ experience developing cash management solutions. Cashbook are […]
Greg Coulter, CEO of Cashbook, offers his insights on his evolving leadership role in growing a company while developing both professionally and as a person. Some key themes touched upon are setting responsibilities and priorities, organic growth, planning, learning from the customer, adapting to a changing role and steering towards the future. The full article can be found at Insights Success.
It’s halfway through the season and the UL Eagles are emerging from a period of transformation and rebuilding. The first half of the season has been one of continual reinvention for the team and also, unfortunately, some setbacks and frustrating results. The Eagles have only one win on the board so far in the season, which is a poor reflection of the quality of the performances on the court as well as the effort and dedication of the coach and players. The season started brightly in September with an extremely […]
Companies looking to increase their accounting efficiency will almost invariably begin by analysing their accounts receivable process, specifically when it comes to cash allocation. Done manually, the cash allocation process can be a frustrating, time-consuming activity, requiring the focus of multiple staff who could be working on reducing DSOs or resolving deductions. Instead, a team is spending entire days matching amounts received from various sources to open items on a sales ledger, often without the help of remittance slips. Once matched, it’s another process to update the customer account and […]
Cashbook Software was delighted to have attended MeetWest at the McWilliam Park Hotel in Claremorris, Co. Mayo in November last. MeetWest is the Annual Business Networking event for businesses that look to connect with other businesses in the West of Ireland. As a company with offices in Limerick and the U.S., Cashbook Software is delighted to have supported this event. All credit goes to the superb staff of Galway, Mayo and Roscommon County/City Councils along with Enterprise Ireland, the IDA & the wonderful attendees, guest speakers, contributors who hustled with […]
Lockbox banking is arguably an indispensable part of doing business in the modern global economy. Banks provide localised lockboxes to receive remittance payments from customers, then collect and process the payments, typically on a daily basis. Particularly for large multinational companies, lockboxes offer substantial benefits, from expediting deposits and reducing internal processing costs to providing a local address for customers. Lockboxes offer greater efficiency and visibility Since the origin of lockbox banking in the 1930s, banks have offered more complete and sophisticated methods for large organisations to expedite remittance processing. […]
For enterprises both large and small, bank reconciliation is a necessary yet time-consuming and difficult process. The challenges are compounded for global, multi-location retail organisations that manage multiple bank accounts across different stores and in different regions. However, modern, automated bank reconciliation software is enabling large global retailers to perform bank recs with greater accuracy in less time. The pains of legacy bank reconciliation processes The outmoded bank reconciliation method of managing multiple spreadsheets and updating separate programs remains in widespread use, despite the fact that automated reconciliation software regularly […]
With a base in Chicago, Cashbook were among the lucky few who can say they were there when Ireland made history by beating New Zealand for the very first time. After 28 failed attempts, a stunning 40-29 scoreline saw Ireland finally come out on top against the All Blacks, ending a wait of 111 years. Greg Coulter, CEO and Mary O’ Brien, Product Development and Implementations Director for North America, also brought a number of local customers to Soldier Field to witness the match.