Ascendis Cash Management automates money movement by ACH, check, wire or cash journal from request through fulfillment, ensuring speedy response, proper approval and compliance with your unique business rules.
Ascendis Cash Management automatically checks against more than 40 real-time credit administration and compliance business rules, including OFAC and AML rules. You can fully configure rules to your firm’s specifications and specify independent sets of rules for different account groups.
Simplify the management of complex, multi-level approval workflows to individuals and groups with sophisticated, customizable algorithms and the ability to provide backup for each approval level.
Ascendis Cash Management creates a seamless, straight-through process from request capture through fulfillment. It enables input through browser entry, batch files or integration with your portals through real-time APIs. It supports EDI 820 real-time integration with leading banks for clearing, confirmation and read-back reporting for Fed wires, as well as integration with laser check printing vendors. Ascendis Cash Management also offers tight integration with Broadridge Processing Services (BPS) through an ACHI application for posting ACH transactions and integration with the banks, Periodic Payments (PPS) and other scheduled payments systems. Advanced Treasury operations support includes multi-bank support, maintaining separate banks by dimensions, transaction bank re-routing and activity monitoring for re-balancing transactions between various banks.
You can enable your clients to quickly manage their funds while complying with your firm’s business rules. Real-time status messages from Ascendis are available for notifications or use in your own data mining.
Ascendis Cash Management supports a comprehensive fee structure that allows fee calculation based on individual dimensions or at the firm level, and includes booking of fee to the customer and offset accounts including Broker/Branch charge.
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