Top 10 Cash Management Solution Companies - 2020

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Payments Integration: First-Mover Advantage or Last Laugh?

Top 10 Cash Management Solution Companies - 2020

Cash flow management is a top priority for any corporate business due to shifting growth outlooks and an uncertain economic atmosphere. Effective cash management requires seamless communication between a company’s team, banks, and financial institutions.

While cloud computing has caught up in most industries worldwide, organizations are slowly adopting cloud-based financial management apps. Cloud finance is one of the sought cash management solutions that has taken many large companies by storm. Many companies are also using big data to manage foreign exchange calculations, cash flow forecasting, liquidity planning, etc. Companies are also using AI and ML to initiate and receive payment.

Cash management solutions provide a deeper, fuller, more accurate, real-time picture of the cash positions as there is no longer the need for working with questionable data or error-ridden spreadsheets. With cash management solutions, organizations can seamlessly make payments regardless of location, currency, bank, or enterprise resource planning systems.

Cash management solutions eliminate and reduce banking fees for cross-border payments across multiple vendors and more. The level of automation is deployed across cash applications, accounts payable, and bank reconciliation processes, reducing the need for a full team of dedicated staff to manually process these transactions. With the confidence brought about by cash management solutions, businesses can make more effective financial decisions and are equipped to make more efficient use of their cash while improving the bottom line. It also facilitates a clearer audit trail and faster resolution of outstanding items.

At this juncture, there is a wide variety of solution providers entering the industry with a set of advanced cash management solution offerings. To help companies navigate through the best-of-breed cash management solution providers, CFO Tech Outlook has compiled a list of ‘Top 10 Cash Management Solution Providers– 2020.’ The enlisted organizations offer cash management solutions that automate and optimize working capital, accurately forecast cash flow, and mitigate and prevent fraudulent activity. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for the aspiring CIOs.

We present to you CFO Tech Outlook’s “Top 10 Cash Management Solution Providers– 2020.”

Top Cash Management Solution Companies

Hyosung is an innovator in the branch transformation and cash management space. They offer innovative recycler ATM technologies coupled with software solutions that enable banks and financial institutions to transform their operations and increase customer self-serviceability. The company acquaints clients with the pros of branch transformation by introducing recycler ATMs and teller cash recyclers (TCRs) in the U.S and rendering them capable of automating the redundant yet crucial customer-facing, as well as backend teller workflows. In parallel, they also drive innovations in multi-vendor software technology and core integrations, enabling FIs to roll-out customer self-service and assisted self-service capabilities through the ATM outlets

hyosungamericas.com

LogicpathTM caters to its clients to improve their earnings, maximize efficiencies, and manage risk with its web-based branch, ATM, and vault cash management and forecasting application, C3 FinancialTM. It seamlessly integrates with the client’s teller platforms, money suppliers, and armored cars. C3 Financial is equipped with an adjustable forecasting algorithm and predictive analytics feature to help clients determine their desired risk tolerance. The application predicts the cash demand at the denomination level and recommends the amount of money to put in the branch, ATM, vault and device network

www.logicpath.com

Ty J. Young, Inc. helps people fulfil their financial dreams and sustain an affluent lifestyle post retirement

www.tyjyoung.com

Bottomline Technologies

Bottomline Technologies

Bottomline Technologies provides and markets electronic payment, invoice, as well as document automation solutions to financial institutions, corporations, and banks across the globe. Its solutions are utilized to automate, streamline, and manage transactions and processes involving global payments, reporting, collections, cash management, invoice receipt and approval, document management, and document archive. The company provides document and payment automation solutions that produce several domestic and international payment instructions and consolidated bank reporting of cash activity, such as ACH, EDI, BACSTEL-IP and SWIFT messaging, Fedwire transfer, and paper checks in various currencies

Broadridge Financial Solutions, Inc

Broadridge Financial Solutions, Inc

Broadridge Financial Solutions provides investor communications and technology-driven solutions for asset management, wealth management, and capital markets firms. They help boost operational excellence to accelerate growth, mitigate risk, and deliver real business value. The company has headquarters in the Greater New York Area, East Coast, Northeastern US. Broadridge provides unique value to its clients by helping them address disruptive trends, including mutualization of capabilities, digitization of communications, and rapidly transforming data and analytics

Cashbook

Cashbook

Cashbook drives the automation of cash management transactions. The company aims to build super-intelligent cash management software solutions that can maximize the automation of high volume financial transactions. Since its inception, they have been applying a special concoction of technology expertise and finance to maximize the automation of high volume financial transactions for large organizations across the globe. Their teams have an in-depth understanding of Accounts Payable, Cash Application, ERP technologies, and Bank Rec functions. Their cash management software technology enables their clients to create more automated, intelligent financial operations

Finastra

Finastra

Finastra is the provider of a platform for open innovation, unsheathing the potential of businesses in finance. The company provides portfolio of financial services software encompassing transaction banking, retail banking, lending, treasury and capital markets. Its solutions allow customers to install mission critical technology on premises or in the cloud. Through its secure, open, and reliable solutions, customers are empowered to boost growth, mitigate risk, optimize cost, and continually evolve to fulfill the changing needs of their customers

Fiserv

Fiserv

Fiserv is a global organization with over 13,000 clients and 21,000 associates globally. It’s mission is to empower clients to achieve best-in-class results. The company is known for its services innovation and financial services technology, including advanced solutions for mobile and online banking, risk management, data analytics, payments as well as core account processing. The company demonstrates deep expertise and deliver innovative solutions to to help businesses, financial institutions, and consumers move and manage money faster and with ease

NCR Corporation

NCR Corporation

NCR Corporation provides products and services that allow businesses to connect, interact, and transact with their customers. NCR’s portfolio of self-service and assisted-service solutions serve customers in the retail, hospitality, financial services, travel and gaming, entertainment industries, and include automated teller machines (ATMs). The company is committed to bridging their customers’ digital and physical operations. NCR operates in multiple segments, including Retail Solutions, Financial Services, Entertainment, and Emerging Industries

Paystand

Paystand

PayStand's purpose is to utilize Blockchain, modern Internet, and SaaS technologies in order to transform B2B payments & remove fees. PayStand's revolutionary "Payments as a Service" model builds a smart billing and payment network that can automate processing, digitize receivables, decrease transaction costs, reduce time-to-cash, and allow for new revenue. Enterprises from distributors and manufacturers to software platforms, as well as service providers, utilize PayStand's flexible platform in order to integrate digital payments into their billing systems, websites, invoices, and mobile applications