NetSoft has developed a custom Treasury Single Account (TSA) solution seamlessly integrated with Oracle ERP providing immediate information about the physical cash and the utilized amounts.
The solution helps the companies to consolidate and manage their cash resources and to minimize borrowing costs, by using the yearly or
monthly cash spending limits irrespective of the account/expenditure type.
Based on the principle of unity of cash and unity of treasury, the solution offers companies with multiple branches or subsidiaries or departments a mechanism to use one single bank account to transact all its payments and receipts. This way it ensures that no idle cash resources exist that fail to earn market-related remuneration and it guarantees no unnecessary borrowing costs incur.