Cash Management Procedures

 

	Recruitment and training of the Cash Management staff and executives
	Set- up and organization of the Cash Management Department
	Definition of Cash Management Department responsibilities and location
	Implementation of the internal Cash Management system  (organization of the information network; creation of methods regarding forecast and actual, implementation of electronic banking)
	Installation of the cash management software and related connections and interfaces. Swake is highly specialized in XRT-CERG  and Sage L1000 products
	Negotiation of the banking terms
	Organization of cash pooling
	Definition of rules for arbitrage between the available credits and investments  according to the banking terms
	Implementation of international currency exchange and money market risks hedging procedures
	Creation and organization of any legal and economic entity required for the improvement of cash management (Cash pooling and Cash centralization) .

Customer Credit Management Procedures

	Implementation of control of granting of payment terms procedures
	Implementation of order-taking and invoicing procedures
	Implementation of follow-up procedures (control of payments at due date, control of outstanding payments, improvement of collection actions)
	Improvement of remittances to bank from the points of sales
	Implementation of new means of payment
	Implementation of cash control procedures in Supermarket companies
	Optimization of  cash transportation

Supplier Management  Procedures

	Implementation of terms of payment granting control procedures
	Implementation of purchasing and ordering procedures in consistency with the suppliers ' terms of payment
	Implementation of control of order/delivery forms  and suppliers invoices procedures
	Implementation of means of payment issuing and  payments scheduling control procedures
	Implementation of discounts for prepayment bargaining and interests arbitrage procedures