Silver.net V.Treasury-cash flow management software

Siver.net V. Treasury is an integrative solution which unites information from the different core systems within the organization (ERP / accounting / budget) and from the other financial divisions that manage the company’s accounts. Enabling the financial officer or treasurer of the organization full control on the current cash flow management and liquidity control. A maximum supervision on the financial activities of the banks and credit card companies. In addition, this is a tool for planning and self examination based on actual forecasting hinged on real-time data.

Siver.net V. Treasury is a financial desktop which enables transfers between organizations, in any foreign currency and from the different company's accounts to any bank around the world. A web based system, allowing work from any location and at any time.

A treasury notebook, enabling to build an individually tailored working environment for the individual's and the organization's methodological work.

Siver.net V. Treasury gathers automatically the balances from all the different company's bank accounts around the world at selected times, depending on time zones. The system perform cash flow matching and data classification; catching bank movements, while showing all the events in the accounts and comparing forecasts of anticipated movements from the ERP systems within the organization.  This is how the comparison process is executed between cash flow matching in the data, including following the time line, comparison of forecasting versus performance and performance versus budget. One screen displaying different period’s profiles: day/ week/ quarter.

Each document which arrives from the core systems of the organization – from the order level, through to the invoice, the payment and the movement from the bank page – appearing in the forecasting cash flow of the  financial officer or treasurer in the different level of certainty. Producing various advance reports in an Excel or PDF format, through carrying out queries on the database. Showing reports in the different level of certainty according to the cash flow articles and past data analysing. The Siver.net V. Treasury system enables one to manage an actual daily flow; a short term flow, of the upcoming days. A mid term flow, of the upcoming quarter (forecast). A long term flow, while transforming the budget into a flow budget. A modular solution for any local and international company, enabling centralized or decentralized management of the global cash management.

Leading companies chose Siver.net V. Treasury

The leading companies from the different sectors of the market implement successfully this solution, among them:

Cash flow management in different level of certainty

• Actual daily flow; short term flow, of the upcoming days.  Mid term flow, of the upcoming quarter (forecast). Long term flow, while transforming the budget into a flow budget.
• Comparison of forecasting versus performance: cash flow matching, comparing the bank data against the forecasting data.
• Comparison of performance versus budget, a self examination tool.
• Future period forecasting; cash flow management within a time line, while classifying the data by certainty level (payment instructions, invoices, orders, budget and more).
• Changing and updating the forecasting data movement, or freezing the movement.

Full integration and financial data merger from different sources

• Integrative system, uniting information from the different core systems within the organization (ERP, accounting, budget).
• Implementing the solution including building metadata. Full monitoring and supervision on the integration process according to the needs and requirement of the organisation.
• Siver.net V. Treasury is a full financial data warehouse.
• Complex classification defining the required index, receiving quickly and efficiently answers for queries. A multidimensional picture of the desired information.

Mobilizing funds

• Possibilityto combine Electronic Data Interchange (EDI) to the transfers order between the company's bank accounts in any currency to all banks.
• Electronic Data Interchange (EDI) with a bank, according to the signed authorizations by amount and bank account.
• Carrying out inner-company transfers between the group's bank accounts. Including transfer letters, according to the required documentation within the organization.
• Noting the journal voucher commands in the books.
• Carrying out currency conversion, while noting the desired exchange rate (representative rate as a default).

• Compatible with bank regulations regarding high sums IBAN transfers.
• Real Time Gross Settlement (RTGS), full control and support with high sums bank transfers in real time.

Fast assimilation within the organization

• Financial application experts at your disposal; allowing fast assimilation of the solutions depending on the work methodology of your organisation.
• Average time-scale for a project: two to three months.
• Multi social system and full flexibility with article characterization, individually tailored to the organization.
• Management at bank, accounts and currencies levels.

• Modular solutions to local and international companies, for centralize or decentralized management of the global cash management.
• Managing various account types: Current Loan Account (CLA), Foreign Exchange Currency (FX), securities, security deposits of any kind and foreign currency rate, vouchers payable, intersect exchange rate and the different credit cards companies.
• Managing all the different overseas bank accounts.

Managing hooks, deposit and transactions

Forecasting management:

• Hooks and security deposits management: full or partial payment and innovations.
• Supporting the different practices within the numerous banks.
• Displaying data within the cash flow, giving possibilities for funds division, interest and commissions.
• Possibility to note journal vouchers and producing the relevant documents.
• Displaying bank data of balances and deposits.
• Checking the interest rate which the bank charged against the forecasting.
• Managing common transactions such as FWD.
• Managing currency exposure to enclose the risks.

Financial desktop

Modular solution for managing the organizations banking, V.FRM enables expanding the financial desktop at any time by integrating extra modules:

• Load management: long or short term, deposits and bonds.
• Generator adjustments: banks, credit card companies and general adjustments, risk management and managing guarantees.

Information Security

• Managing users and passwords locally or via links to the organization's active directory, in order to verify users.
• Attributing users to roles within the company, managing resources authorization levels based on the role.
• Manage detailed authorization on a user level (notebooks, bank accounts and more)
• Data storage in a standard database such as MS SQL and Oracle.

Backup site and creating a DRP scenario

Service and support

• A team of experts at your disposal to help and support over the phone or via email.
• A variety of expert services (SLA): basic package, silver and gold.

Virtual and flexible treasury notebook

• Showing the actual movements and expected movements from the various core systems in the organisation.
• Treasury notebook generator, enabling to build an individually tailored working environment according to the organisation's working methodology.
• Flexible construction of a treasury notebook at different levels and in detail, including internal formulas.
• One screen display; side by side, various periods of time sections.
• Carrying out electronic transfers, exchange, hooks and deposit in order to close the business day in front of the bank
• Adding forecastable actions (intakes / payments): entering the movement’s details, noting the desired value date, references, details and more.
• Entering cyclic movements on a timeline.
• Tracking management after check payments, while transferring checks which were not redeem to the following day.
• Carrying out cash flow matching.
• Sorting the data and displaying it according to the flow items.
• Displaying currency exposure in different levels.
• Saving the history in order to produce reports and analysing the data.

Dynamic user interface - results oriented

• Advance internet interface: web based system which allows work from any location.
• Design and planning experts created a functional user interface. Allowing multitasking, working on different windows at the same time in order to get the full picture.
• Flexible definition of flow items: adding, removing and dynamic update at any time.
• Displaying the flow items in a wide variety of options on the reports and the work screen.
• Defining different configurations on a user level.

Producing advance reports

• Advance report generator enabling producing reports in an Excel or PDF format (saving/printing).
• Producing advance reports, by implementing queries in the database. Displaying reports at different degrees of certainty depending on the flow items: entities, banks, accounts, currency and more.
• Analysing historic flow: all the data gets saved at the database and does not get deleted, in addition to producing reports according to the required dates.