Cashbook signs Global Software Deal

Cashbook signs Global Software deal to provide Cash Application, Bank Reconciliation & Electronic Payments Technology.


Cashbook is pleased to announce further success through its partnership with Infor.  A key 
player in the Automotive Sector has just signed a Global Deal to use Cashbook’s Global 
Electronic Payments, Cash Automation & Lockbox Technology.  


The Cashbook suite of software will be implemented in 13 countries in 4 different continents.  
There will be at least a dozen new Bank Interfaces developed and supported by Cashbook, 
including payment, lockbox and bank statement upload formats.


Robert Moloney confirmed that "This global deal is Cashbook's fifth consequetive multi-site 
contract signed in the last 12 months and is hugely significant for Cashbook in terms of 
implementation size as well as dramatically increasing Cashbook's global footprint for the 
countries concerned."


Cashbook is an Irish company with head quarters in Limerick and additional offices in the U.S. 


Visit www.cashbook.com or www.infor.com for more information

How are you posting your daily cash receipts and bank statements?

Cashbook presents: ‘The A-Z of Processing and Reconciling your Bank Statements’ – an 
information webinar for all corporate companies looking for a Cashbook.

The webinar will include an Oracle Expert who is there to answer all of the Oracle specific 
questions that may be raised.

Cashbook Compliments Oracles Cash Management Offering

For Oracle eBusiness Suite users, use Cashbook to speed up Accounts Receivable cash 
application by fully automating what is often a very time consuming manual process.
From EFT payments lodged directly to your bank accounts, use Cashbook logic to derive 
enough information to pass to Oracle AR to enable the automatic creation and application of 
those receipts against your customer transactions.

Oracle Expert Bio

Martyn Holmes, a qualified accountant and experienced Oracle E-Business Consultant, has over 
15 years of experience including all Oracle Financials modules and Treasury (R9.4-R12) across 
many sectors. He has a strong technical knowledge and vast experience of solution design, data 
conversions, design and specification of customisations and inbound and outbound integrations 
for all modules. Martyn is experienced in Oracle Discoverer, Oracle Alerts, TOAD, SQLplus and 
ADI.


For more information about this webinar or to sign up, please click here.
For more information about Cashbook Ltd or to browse our Cash Management Solutions, please 
visit www.cashbook.com

SEPA - The Basics You Should Know

There's alot of talk going on in the webspace about SEPA...what it is, what is means, what is going to change... So much talk that it can be hard to find one really good source of information that will answer all of the basic questions. 


Cashbook is keeping an ear to the ground and is listening for the most important and interesting news. Each item will be posted to our blog thereby creating a readily available source of SEPA information from across the web.


First up is a whitepaper that explains the basics of the Single European Payments Area:


SEPA - The Objective:

"The objective of SEPA is to establish a pan-European market for the safe, efficient processing and settlement of all euro payments, irrespective of whether the originator and beneficiary are from the same EU country. The SEPA area also includes some non-EU countries i.e.
Iceland, Liechtenstein, Norway and Switzerland."


SEPA White Paper
cognizant.com


To read more about the Business Implications, Functional Views and IT Implications of SEPA or to read relevant case studies, follow this link>>

Cashbook Partners with AFEX

Cashbook partners with AFEX – Associated Foreign Exchange to provide foreign 
exchange transactions to Cashbook clients worldwide


Cashbook clients can now manage all FX dealings through a proven network of offices and 
market leading FX pricing portal. This ensures that clients can manage and protect all currency 
dealings with one integrated solution.


Since 1979, AFEX has assisted clients in protecting profits from currency exposure.
AFEX facilitates the daily processing of foreign exchange transactions in over 200 countries in 
just about every business category.


To read the full story and to find out more about what AFEX offers, read the whole story here: Cashbook and AFEX

Keep up to date with SEPA

Get to know the main features of the SEPA Direct Debit Schemes


Make sure to keep up with all of the latest SEPA news on the EPC website. 
The EPC have released a 4page flyer that summarises the main features and benefits of the SDD Schemes - SDD Core and SDD Business to Business).


'The publications released in the EPC 'Shortcut Series' highlight key Single Euro Payments Area (SEPA) concepts and EPC deliverables in non-technical terms.'


To find out more, click here >>

Cashbook visits Cforia

Cashbook’s Managing Director – Greg Coulter – is just back from visiting a partner company in Los Angeles, California. Greg met with Cforia – Cashbook’s Credit and Collections partner and

Cashbook’s Managing Director – Greg Coulter – has just returned from a partnership meeting with Cforia Software in Los Angles, CA. Cashbook and Cforia have been partners for over 4 years and both software’s compliment each other and present an end to end Cash Management suite that includes: Cash Application Automation, Credit and Collections Management, Bank Reconciliation and Global Payments.

Whilst at Cforia, Greg presented ‘Bank and Retail Reconciliations’ to over 20 large, US based companies. To see this presentation, please click here >>  

Practically eliminate the manual processing of cash!

Cashbook is hosting a webinar designed to help your company to reduce the time and effort required to undertake the bank reconciliation process.

Join us on March 15th as Cashbook shares a business improvement process that will help your company automatically reduce the time and effort required to undertake your bank reconciliation process. 

Register Now 

MT940 Automation
Review our Cash Application solution for the automation of MT940 bank statement uploads, Excel files and EDI remits. Cashbook's solution practically eliminates the manual processing of cash. 

Read More »

Bank Reconciliation
Cashbook shares a business improvement process that will help your company automatically reduce the time and effort required to undertake the bank reconciliation process.  

Read More »

More Information
Join us on March 15th for this informative webinar that will cover two important areas of Cash Application and will explain how to automate these processes for greater efficiency in you company.  

Join Us»

Join the Cashbook Social Media Experience
Join the Cashbook User Group on Linked In, subscribe to our blog and find out about new product updates first of follow us on Twitter!

Register Now

Simple and efficient cross-border payments

Economic and monetary affairs − 14-02-2012

Cross-border bank transfers should become faster, cheaper and safer for EU citizens thanks to "single Euro payments area" legislation passed by Parliament on Tuesday. EU-wide rules to ensure that banks compete fairly, eliminate hidden national charges, and accelerate transfers could save up to €123 billion within six years, benefitting clients, banks, and businesses.

"This regulation really benefits citizens. It will enable them to make payments from one bank account to others all over Europe, just like a normal domestic payment. It will be possible to make all cross-border credit transfers and direct debits in the same way as normal domestic payments. A person working abroad will not need to open a new bank account in the host country, but may receive his or her salary in the home country bank account. Companies will benefit too, by not needing more than one bank account in Europe for each payment purpose", said SEPA rapporteur Sari Essayah (EPP, FI).

The single Euro payments area (SEPA) regulation lays down common rules and standards for euro credit and direct debit transactions among banks. It would not apply to personal credit or debit card payments.

Requiring banks to comply with SEPA rules will enable their clients to use a single bank account to make euro payments to and from all SEPA countries.

To this end, the rules will ensure that euro credit transfers or direct debits that are possible within SEPA countries are also possible across frontiers between them.

The legally-binding deadline for banks to migrate to the new standards is 1 February 2014. Parliament's negotiators insisted on a single deadline for all euro credit and debit payments to make the switch to the new system easier to understand for EU citizens.

Benefits to citizens

For EU citizens, it will no longer matter in which Member State a bank account is held. Transfers should become cheaper, faster and safer.

For example, EU citizens moving within the Union could use a single euro account, into which a salary earned in another country could be paid. They could also pay bills in one country through an account held in another.

All account users stand to gain, because international competition among service providers should drive down prices.  Increased competition among banks to supply services should also help to cut today's inflated costs, and where costs are already low, they should remain so.

Parliament's negotiators sought to make the migration to SEPA standards easier for bank clients, by enabling banks to offer conversion services from national systems and to phase out the need to provide the Business Identifier Code (BIC) code (the IBAN international bank account number should suffice).

Another gain is a requirement to apply non-discriminatory charges to transfers, irrespective of the amount involved.

Benefits to businesses

Businesses could set up cross-border direct debits in euro between any two bank accounts anywhere in the EU, enabling them to bill customers regularly across borders.

By eliminating multilateral interchange fees on cross-border direct debits as of 2012, the regulation will enable businesses to establish their payment centres in any EU Member State.

Businesses could also organise all cross-border euro payments from a single euro account in a country of their choice in order to improve money management and speed up cash flows at lower cost.

The new legislation was adopted in the first reading with 635 votes in favour, 17 against and 31 abstentions.

As seen on:
http://www.europarl.europa.eu/news/en/pressroom/content/20120214IPR37986/html/Simple-and-efficient-cross-border-payments

Cashbook Ltd enters the blogsphere

Cashbook has finally entered the 'Blogsphere'! We have lots of new product updates coming up, Webinars for you to attend and white papers in the works that will be informative and to the point. 

But first, a bit about Cashbook Ltd:

The Business

Cashbook commenced business in 1992. There was a gap in the market – all main ERP systems did not have an adequate or optimum cash management and electronic banking module. Cashbook addresses this gap.

Cashbook Ltd operates in the Financial Software arena; we develop bespoke cash management and electronic banking software for blue chip/fortune 500 companies worldwide.

The primary cash management modules that we provide are: cash application, cash automation, bank reconciliation, global payments and bank lockbox functionality. Cashbook works with all modern ERP systems and with all major Banking formats offering bank independence and future proofing your ERP selection.

Our main clients include: Abbott Laboratories, Dupont Pharmaceuticals, Bridgestone, Formica, Sumitomo, Dentsply, Bigelow Tea, Taylor Hobson, TGI Friday, Skiffy, Impres and Infor.

Cashbook is the best solution for cash management on the market. Cashbook was short listed for the Limerick Chamber of Commerce Business Awards in the ‘Best Indigenous Exporter’ category 2011.

Our Unique Selling Point

Cashbook Ltd has been in business for over 18 years. We are constantly developing new software and as such are at the forefront of cash management technology. All 6 company directors are employed in the company and have direct input into the product. Cashbook is compatible with all major ERP systems and can integrate with over 165 banks worldwide making it a truly global technology. We are constantly evolving the product and can add additional functionality depending on customer requirements. 40% of our revenue comes from the USA and we are heavily involved in the exports market with over 90% of revenue being generated from exports.

For more information, check out our website: www.cashbook.com