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Month: February 2017

Answering the Challenge of Decoupled Payments

Any company managing payments and especially electronic remittances in the world today is likely dealing with the dilemma of decoupled payments. This is when a payment provider conducts two transactions to facilitate payment between payer and payee, versus enabling one direct payment between the two parties. While the format of decoupled payments has been widely adopted for its beneficial attributes, it can create a great deal of difficulty for accounts receivable departments and companies depending on accurate cash figures. What is the “decoupled payments” model? Most major payment providers, including […]
Can Global Manufacturers Achieve Automated Cash Application?

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, […]
Cashbook Software at the 2017 European Financial Forum

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 […]
Internal Development is High Risk Development

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 […]
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