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Treasury Dragons Cash Pooling & In-House Banking

Future-Proof Your Cash Management: Cash Pooling & In-House Banking

Thu, May 4, 2023

As multinational corporations continue to navigate an increasingly complex financial landscape, making the best use of corporate cash spread across multiple subsidiaries becomes even more critical. On Tuesday, May 16th, 2023, at 16:00 (CEST), join us at the Treasury Dragons online session, where we explore how efficient cash pooling structures can save on interest payments, reduce the need for external financing, and simplify cash management across borders.

In this upcoming session, a new generation of best-of-breed treasury technology providers, such as Cobase, will showcase their innovative platforms for managing pooling as part of an in-house bank. The event features live Q&A sessions with real corporate treasurers, making it the perfect opportunity to learn from industry experts.

Cobase's Balance Optimization solution allows corporate treasury teams to automate centralizing cash or funding subsidiaries. By setting minimum or maximum balance thresholds for each bank account within the group, payments to or from the main account are automatically triggered when an account moves outside these thresholds.

This automation provides full control over when balances are checked and payments are triggered, without requiring further authorization for each payment. However, for security purposes, changes to the rules will require authorization within the platform.

For corporations seeking a more comprehensive solution, Cobase offers a complete in-house banking product suite, handling everything from cash concentration to payments-on-behalf-of (POBO) and collections-on-behalf-of (COBO), inter-company bookings, and long-term loan management.

Managing payments from, to, and between subsidiaries through an in-house bank offers greater visibility and control while reducing both bank fees and administrative overhead involved in managing payments at the subsidiary level. Cobase can handle both fixed and variable interest rates on loans, with options for reporting interest payments or capitalizing the interest to increase the loan balance.

Cobase's cloud-based, modular platform offers a complete solution for balance optimization and in-house banking without taxing in-house IT resources. With transparent pricing and additional cash visibility, payments, cash and liquidity forecasting, and FX dealing modules, Cobase's platform is the ideal choice for corporations seeking to future-proof their cash management.

Don't miss the opportunity to stay ahead in the rapidly evolving world of treasury management. Register for the Treasury Dragons online session on Tuesday, May 16th, 2023, at 16:00 (CEST), and explore the innovative cash management solutions Cobase has to offer.