Appix Cash
For cash settlements and management, nothing beats the Appix Cash solution
Leveraging the Appix Cash product from the Appix Financial Services Platform, you can safely automate your cash settlement processes, whether you run a wire desk, corporate treasury operation or securities trading back office. Appix Cash can turn your cash settlements process into an operation that minimizes the number of human touches, making it faster and more accurate than manual systems. At the same time, you can have all the checks you need to keep cash clearance transactions safe and secure. Appix Cash automates the wire approval process, while providing your risk management organization with oversight mechanisms to address audit and compliance concerns.
Appix Cash frees you and your staff to spend time more productively. The system offers:
- The ability to match incoming wires to your receivables
- Real-time editing of outgoing wire requests
- Cash management features
- Unique features for Capital Markets firms, like netting payments
- Audit and regulatory compliance features
- Manage workflow by transmitting settlement status to upstream and downstream systems
Features:
- Multiple edit checks: Includes OFAC, delivery instructions, dollar amount, and duplicate wire checks
- Liquidity Manager Permits Treasury operations staff to manage the flow of funds between the Fed and your depository institution - includes real-time balances as well as daylight overdraft protection, tracking, and override functionality
- User and group profiles Designed with varying levels of access and security, depending on the screen and/or function being requested
- Audit log Features detailed transaction history for fraud detection and prevention
- Swift interface Supports communication with major clearing banks
- Document management Stores electronic documents with associated wires
- Multiple views and filters Provides streamlined exception processing
- Historical wire research Search, view and report on historical wire details
- Federal Reserve Bank Certified for Fedline Direct: Enables high-volume Fedwire® Funds and FedACH® Services transactions
Benefits:
- Automate routine tasks to reduce errors and free back office staff for higher level duties
- Process more transaction volume while maintaining or reducing existing resource levels
- Reduce audit and compliance issues by automating multiple levels of approval and recording detailed cash wire transaction history
- Customize performance to your unique business rules and workflow, streamlining operations and making more strategic use of existing resources
- Ensure security and reduce audit and compliance issues with multiple authorization levels
- Monitor activity using a wide array of reports