Treasury Cash Management System
Intent to Bid due 08/05/2009.
The objective of this project is to define the requirements, evaluate the solutions, and select the vendor for a treasury cash management software solution. The existing spreadsheet based cash management process is cumbersome, slow, and error prone. Also, it does not provide OP&F with any historical reporting, trending, and forecasting capabilities. With a treasury cash management solution, it is expected that OP&F will be better positioned to control the daily cash available and thus able to invest in higher yield securities.
The three primary objectives of a new cash management system are:
1.
To provide a more efficient method of determining cash availability by moving away from the manual Excel spreadsheet based system currently used.
2.
To provide a better reporting system allowing for historical cash reporting for trend analysis and forecasting.
3.
To allow faster and more accurate reconciliation of bank fees charged to services rendered.
