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- Treasury Management
- Who it's for
- Multi-entity finance
Multi-entity finance
A finance team responsible for more than one legal entity needs clear ownership of each request, invoice and journal entry. Treasury Management records the organization on those source records, while the counterparty and remitter directories identify the parties on each side of a transaction.
How Treasury Management is set up for you
Obligation intake
Capture the originating counterparty, organization, due date and line detail before the request enters approval. Review the amount against the source document and keep the attachment tied to the same record.
Payment control
Let Controller decide on a pending request, then have Treasury Analyst schedule and release the related payment. The operation receipt gives the team a concrete result to inspect after the action.
Cash follow-up
Check released payments against bank references and retain the statement evidence. On the incoming side, relate each received payment to the right invoice and compare the balance before marking collection complete.
A finance team responsible for more than one legal entity needs clear ownership of each request, invoice and journal entry. Treasury Management records the organization on those source records, while the counterparty and remitter directories identify the parties on each side of a transaction.
Begin with one active organization, its counterparties and remitters, and a manageable set of open requests and invoices. Enter the relevant GL accounts and fiscal period before reviewing line classifications. Choose a normal outbound payment and a failed or disputed case for rehearsal. Trace both from source record to status and retained evidence. Then bring in additional entities or transaction types after the team agrees who owns exceptions.
AP Specialist, Treasury Analyst, Controller should review the pilot cases together. Agree where bank statements come from, who records a bank reference and how the team investigates a mismatch. The payment and invoice records are useful only when their identifiers and links are kept consistent with the source documents and bank evidence.
Features to start with
Roles on the team
- AP Specialist
- Prepares outbound obligations and maintains counterparty details.
- Treasury Analyst
- Schedules payment records and follows release and bank outcome.
- Controller
- Reviews outbound obligations and financial evidence.
Set up Treasury Management your way.
Start free, then use Proto to change fields, steps and approvals before your team goes live.