Modern cash management has evolved from a liquidity-focused practice to a strategic approach to gain more financial control. CFOs, treasurers, and finance leaders continue to turn to comprehensive cash management solutions to streamline their operations and improve decision-making capabilities.  

Cash management and visibility continue to be a priority for finance professionals, so this article will offer a practical three-step roadmap for implementing a cash management framework with an adaptable solution that delivers measurable results.

Step 1: Automate Data Consolidation to Reduce Time on Repetitive Tasks

The first step in creating a more efficient cash management foundation begins with eliminating manual processes that can drain valuable resources, including time and money. Many finance teams still struggle with monster spreadsheets, time-consuming bank reconciliations, and fragmented data sources that limit efficiency and increase the opportunity for manual errors.  

How to implement

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1. Deploy a centralized cash management solution that automatically aggregates data from multiple banking relationships, ERPs, and accounting systems

2. Establish automated reconciliation processes to match transactions across platforms without manual intervention

3. Create standardized reporting templates within your cash management system to eliminate repetitive formatting tasks

By automating these processes, finance teams can reallocate hours of their time from data gathering to more high-value tasks. For example, American Airlines has freed up to 20% of weekly hours after implementing a cash management solution to automate formerly manual processes.  

Step 2: Implement Real-Time Monitoring for Proactive Decision-Making

Traditional cash management often relies on retrospective analysis, which can leave companies vulnerable to cash flow gaps and missed business opportunities. Comparatively, modern cash management solutions can offer real-time cash visibility, empowering finance leaders to anticipate and respond proactively.

How to implement

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1. Configure customizable dashboards that show key cash positions and movements as they occur

2. Set up automated alerts to see thresholds, unusual transactions, or any potential liquidity issues

3. Integrate payment and collection forecasting tools that update in real time as new data becomes available

With real-time monitoring capabilities and full cash visibility, treasurers and CFOs can make informed decisions based on current, accurate conditions rather than outdated information.  

GTreasury’s adaptable cash visibility solution allowed American Airlines to increase its global cash visibility from 65% to 99%.

Additionally, this proactive approach to cash management minimizes liquidity risk and presents the ability to capitalize on investment opportunities as they arise.

Step 3: Use Cash Data Insights to Boost Financial Stability

The true power of a comprehensive cash management solution is the ability to transform disparate data into actionable insights. By unifying cash data across an organization, finance leaders can develop a more holistic view of their financial positions and make more confident decisions that drive value.

How to implement

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1. Leverage advanced analytics to identify trends and patterns in cash flows

2. Use scenario modeling tools to simulate the impact of business decisions on future cash positions

3. Develop integrated reporting that connects cash management data with broader financial metrics and KPIs

Organizations that effectively implement this step report greater confidence in their cash management strategies and an improved ability to address economic volatility. GTreasury also helped Subway achieve 98% cash visibility after being reliant on manual processes.

Adaptable Cash Management Solutions  

With GTreasury, you can gain fully automated cash visibility in 90 days. If you aren’t sure where to start in your cash management journey, begin with a focus on cash visibility: the foundation of any effective cash management strategy. As your needs expand, you can seamlessly integrate additional modules such as Payments, Financial Instruments, and Accounting to create a unified view of your financial position.

Conclusion  

Cash is complex, but it doesn’t have to be hard. By following these three steps, finance leaders can get the visibility, control, and intelligence needed to optimize working capital, reduce costs, and drive business growth. As financial landscapes continue to evolve, those who embrace these advanced cash management practices will be best positioned to thrive.

Explore the world’s most adaptable treasury platform and learn how GTreasury’s cash management solutions can support your business. With GTreasury, you can achieve automated cash visibility in just 90 days.

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