Cash Management

Liquidity management in a turbulent economy is challenging, especially with the growth in international trading. Luxoft’s cash management solutions can help to meet this challenge.

At a leading global bank, Luxoft successfully implemented back-office corporate banking software that minimized the bank’s financial risk for customers that operate in multiple countries and have transactions between branches in multiple currencies. The Luxoft solution performed netting, instead of multiple non-standard currency exchange operations with effectively bad rates. The new system dramatically decreased the number of transactions per day, while achieving significant savings on currency exchange operations, thus avoiding unnecessary costs and lost revenue opportunities.

Luxoft also has customized and flexible solutions for banking reconciliation. The systems we deliver perform reconciliation and assist in tracking bank account balances. All information about bank reconciliations, related attributes and full history of audited changes are safely archived and an integrated, smart filtering mechanism helps to find the necessary reconciliation data easily and quickly. User management is provided by the set of flexible rules which allows finding the data inconsistencies and managing various reconciliation issues.

Luxoft gives you advanced cash management solutions that enable greater control over your cash flows and balances.

For more information, please contact our business representative