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Cash Management Systems
Cash Management is a critical function in any
corporation especially with a distress company with going concern issues.
Hudson Crossing LLC has been very successful in designing, programming,
and implementing cash management systems providing cash stability in a crisis.
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CitiGroup, World’s largest financial institution.
Developed and implemented a new Cash Reconciliation System that has enabled over
180 accountants to reconcile
cash
and related accounts on a daily basis.
It
has facilitated the investigation of outstanding
items resulting in the reduction of the contingent liability from $22 billion to
$25 million. This success has given stability to over 240 department employees.
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AEC Inc., $100 million manufacturer of robots for the automotive
and industrial manufacturing industries. Interim Cash Manager.
Developed 30 day Cash Management system,. Managed and provided for
cash requirements on a daily basis. Provided stability and managed
banking relationships. Provided "Due Diligence" schedules to external
and bank auditors and acquiring corporation - the Harbour Group of St.
Louis. |
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