SAP In-House Cash
SAP In-House Cash provide a solution for the global operating companies to manage their
Internal and external payments more efficiently. A virtual bank setup as a In-House Cash Center at the group headquarters where Subsidiary companies have their accounts.
SAP In House planner offers corporate treasury with the following:
- Processing of internal payments without physical cash transfer
- Central processing of external payments in multi-system heterogeneous system landscape
- Account management with creation and provision of account statements to account holders, managing conditions (interest, charges) and limits
- Delivery of financial status to cash management and tracking of payment status
- Periodic activities such as cash concentration, account balancing, interest compensation
Key Benefits:
- Reduces the amount of external bank accounts
- helps companies to minimize the actual flow of cash
- Save bank fees