How to approach Cash management?

Managing your bank flows

No matter the size of your company and your activity, it is important to monitor the flows of your bank accounts. Especially if you have a lot of them. From different banks, in particular.
That's why software exists. Cashlab for example, offers a connection to your banks in just a few clicks. In just 8 minutes. Some people will say it's fake news (well, not many), but that's how long it took one of our customers to log in and have a categorization of his flows.

And that's not all.

Having visibility on your Cash flow is essential to manage your accounts receivable/payable. Which is why you can consult the historical analysis of your bank flows to have a Cash-burn vision. That is to say, visualise the consumption of your Cash by month and by category. But also monitor the monthly and weekly bank forecasts of your Cash flow. And this, at the end of the month and up to 12 months. You will be able to compare the actual with the forecast to adjust and make the right decisions.

This is what most Cash flow software offers. But as you can imagine, Cashlab goes further.

Managing your Cash flow with accounting data

Plus une entreprise grandit, plus les équipes finance se structurent. Le sujet du Cash n’est plus seulement l’affaire de l’équipe trésorerie (comme expliqué dans notre article sur la Cash culture). C’est pourquoi Cashlab s’inscrit au carrefour des équipes Trésorerie, Contrôle de gestion et Comptabilité, en complétant les TMS, ERP et outils de BI.

Concretely, how does it work?

You can import into the software:

• Your budget
• Your trial balance
• Your bank journals

In addition to that, you can adapt the tool to your organisation by adding:

• Your treasury laws
• Your consolidations with your different levels under conso by grouping your entities as you wish to better follow your activity
• Your simulations/hypothesis

⇒ Cashlab vous permet ainsi de transformer votre budget d’exploitation en prévision de trésorerie (12 à 36 mois) en méthode directe et indirecte, mais pas seulement.

You can also obtain reports on your P&L, Cash flow, balance sheet and TFT.

And, as an added bonus, your historical WCR ratios are analysed and presented in the form of graphs to better monitor and improve them. A complete and flexible approach for a strategic vision of your Cash flow. Not bad, right?

If you want to know more, make an appointment with our team for a demo 👇

Written by Eléonore Berne, on 05/07/2022.