Cash management can be characterized as the well-organized usage of cash through corresponding management of costs, collections and cash balances. The goals are to diminish expenses, advance control and improve returns. Cash administration engages adapted services offered by the bank's staff to the company's financial officer. Traditionally the transfers were usually opened by the company's financial officer via mails, telephone calls, faxes or appointments to the bank. With the development of high technology, cash administration services have been computerized to a large degree. Most of the banks let their clients to perform online transfer services (payment, collection and liquidity management) through PC or Internet. This system allows performing most of the cash management functions themselves without relying on a bank staff to act as the doer of their requirements.

This service provides better administration of money and forecasting of cash flow through a host of services such as electronic file transfer for bulk payments/collections, liquidity management, etc. Empowered by UOB CMS, you benefit from greater control over your transfers, funds placement and the management of your various bank accounts. The system offers easy and convenient means to perform online banking (such as che services and funds transfer), bulk payments and collections, etc. - leaving your staff with more time for other tasks. Advanced security features (such as encryption, automated acknowledgments and confirmations, use of tokens, and implementation of approval matrix) are built into our systems to ensure end-to-end security and confidentiality, as well as control over payment processing.

Many banks will now sweep your unused checking balance into a savings account, so that you can earn interest on money sitting in a checking account.

The banks will transfer the balance overnight, and transfer the money back into your checking account in the morning.

Since this is done before business hours, you will not run the risk of having a bounced check.