We install Cashbook cash management software on servers and/or PC’s required for your project. As a guide, this works takes approximately 4 to 8 man hours to complete, so it’s all done in one day.

PC requirements for installing Cashbook software

All company, bank and bank account details are gathered including opening bank balances and each bank account’s general ledger control account balance. As a guide, this step takes approximately 8 man hours to complete, usually over 1 to 2 days.

We set the network destination for the files that will feed into Cashbook’s cash management software, set-up the necessary automated file upload and download functions and then test. 1 to 2 days to complete.

We configure and test various formats e.g. ACH, SEPA, BACS, creating a variety of test files with your data. Some unique formats may require extra configuration and testing, particularly if your banking provider cannot provide a sample file and specification in English. This stage of our cash management software set-up takes about 3 days per format.

Cashbook security framework

Uploading all your vendor bank accounts detail to Cashbook cash management software for Electronic Payment set-up and/or all your customer bank account details for Direct Debit set-up. Usually 1 day.

Working with your IT team we set the system to automatically email remittance information to vendors. We set-up in a test mode, when complete we replicate the work in your Cashbook production environment. About 2 to 4 days work.

We set-up the automatic uploading of lockbox files and bank statements to your Cashbook cash management software. We set-up the relevant algorithms and tweak matching rules until they meet your exact requirements. Takes 1 to 2 days to complete the upload work, another 3 days for setting up the algorithms in a test environment and roughly 2 days for the deployment in your live environment. Additional algorithms can be developed for your cash management solution if required, for specific customer requirements, however Cashbook has an extensive library of configurable algorithms.

We set-up the automatic uploading of Customer Remittance files to your Cashbook cash management software solution. We set-up the relevant algorithms and tweak matching rules until they meet your exact requirements (we show you how you can tweak your own algorithms). Takes 1 to 2 hours for an Excel file, 2 to 5 days for EDI file uploads, and roughly 2 days for deployment in your live environment.

When working on bank reconciliation projects we upload outstanding cheques into your reconciliation to cater for timing differences. This is a straightforward process where the opening items are already clearly identified.

A key component of our testing is that Cashbook successfully updates and pays your AR and/or AP invoices and then correctly posts to your ERP platform. The methodology we use depends on your ERP, see our ERP section for more detail. It’s a crucial phase of every project; we’ll test and tweak, re-test and re-tweak until all is working 100%. Takes roughly 5 to 15 days to complete.

Cashbook cash management software is powerful but at the same time is easy to use. With minimal training all users can be up to speed. All training is completed using your own data and processes so your team are ready to go on your live date. Usually takes just 1 to 2 days to ensure everyone is sufficiently trained.

Your Cashbook Implementation Manager will oversee a rigorous testing process. Moving the project through Development, Quality Assurance and finally to the Production environment. Time required very much depends on the set-up but would vary from 3 days to as many as 15.

A crucial step is ensuring a smooth switch-over from your old processes to your new Cashbook cash management software system. We document the steps required and remain onsite to supervise and assist with the initial use. We ensure your project gets off to a great start. After a month of successful processing we like to schedule a follow-up visit to ensure you’re getting full value from your cash management solution and that all is working exactly as intended. We often find that these visits help squeeze a further 10-15% productivity improvement as all see how to make full use of Cashbook’s cash management software capabilities.