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1 "correct" answer available (5 pts) 3 "helpful" answers available (4 pts)

8 Replies Last post: Mar 21, 2008 4:01 PM by ideasguy

Cash Management Software

Nov 6, 2007 11:07 AM

Dwaz39 23 posts since
Oct 10, 2007

Does anyone know of a website/software package that can help in the management of cash being held at multiple different banks. Our company has locations in major metro areas as well as some small rural areas with on small, local bank. Everyday someone has to fill out a cash sheet that take about an hour so we can analyze our cash flow. Is there some thing which you can link up all of these accounts and essentially click one button to update this information? That is really what I am after here, something to consolidate info from multiple different banks without having to access 30 different bank websites.

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LUCKIEST 7,935 posts since
Aug 6, 2007

1. Re: Cash Management Software Nov 6, 2007 11:54 AM

I have a couple of suggestions. You have to decide how they integrate with your company requirements.

QUICKBOOKS (you can export your financial info from banks to quickbooks), MICROSOFT RETAIL MANAGEMENT SYSTEM, andCASHFLOW PLAN also work.
There are also software packages that specialize in different industries.

Hope this helps, LUCKIEST

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Ed O'Gee 215 posts since
Oct 25, 2007

2. Re: Cash Management Software Nov 6, 2007 11:57 AM

Bank of America owes me money for this one but their online banking service allows me to link all my accounts even the ones at different banks. I can review my credit card accounts, investments, virtually all my financial products. It is a great service, all online and costs me $10 per month.

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Dwaz39 23 posts since
Oct 10, 2007

3. Re: Cash Management Software Nov 6, 2007 12:36 PM

in response to: Ed O'Gee

Ed O'Gee,

So with this offering from BofA you can see daily balances at a Chase account, First Bank of ABC town etc., including float amounts all from one interface? That is helpful information. Thanks for your response.

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Dwaz39 23 posts since
Oct 10, 2007

4. Re: Cash Management Software Nov 6, 2007 12:34 PM

in response to: LUCKIEST

Luckiest,

I am strictly looking for balance summaries. We do not use quickbooks and that is probably too detailed for our needs in this regard - we already run MAS90 accounting software. I am looking more for something like Ed O'Gee described, but preferably an independent offering, not that of a specific bank.

Thanks for the input.

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Lighthouse24 2,396 posts since
Oct 10, 2007

5. Re: Cash Management Software Nov 6, 2007 1:13 PM

Doesn't SAGE have a MAS90 bank reconciliation and cash flow module that does this (so long as all the banks are ACH compliant)? Maybe I'm misunderstanding what you're trying to do . . .

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Ed O'Gee 215 posts since
Oct 25, 2007

6. Re: Cash Management Software Nov 6, 2007 1:17 PM

in response to: Dwaz39

Yes I have bofa accounts and accounts at my local credit union and yes the bofa online banking links to my credit union accounts. I can view balances transfer funds (although funds transfers is not instant outside bofa) but it is well worth the $10. Plus I can download everything into Quickbooks.

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Ed O'Gee 215 posts since
Oct 25, 2007

7. Re: Cash Management Software Nov 6, 2007 1:23 PM

in response to: Dwaz39

Dwaz39 I am sure other software exists out there that is not tied to a specific bank. I just mentioned bofa because I use the product personally and it's really what I needed. Many of my clients bank with bofa, so I decided to open accounts with them to make getting my payments from these folks faster. I have clients that pay me from bofa accounts and make those payments like online transfers. I know exactly what you mean about cash management I am sure their are others services out their from other banks or other companies that will work for you.

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ideasguy 1 posts since
Mar 21, 2008

8. Re: Cash Management Software Mar 21, 2008 4:01 PM

in response to: Ed O'Gee

I realise this thread my be a little out of date, but you might find Bank Genie is suitable for this application.
http://www.ideasgenie.co.uk/bankgenie

I'm the software developer, and the software includes a Net Worth program which allows you to import Currency Conversion rates, and summarise any number of Multi-Currency accounts.

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Cash Management Software

Nov 6, 2007 11:07 AM

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