Modernizing Cash Management in Real Estate & Construction:
A Case Study
Introduction
The construction and real estate industries have traditionally relied on paper-based cash management methods, with check payments dominating business-to-business transactions well into the 2000s. In 2004, an estimated 81% of U.S. and Canadian B2B payments were made by check; by 2013, this had fallen to 50%, and by 2022, only about one-third (33%) of B2B payments used checks. This dramatic shift reflects the rising adoption of electronic payment systems such as Automated Clearing House (ACH) transfers, Electronic Funds Transfers (EFT), and other digital channels. Figure: Decline of check usage in B2B payments (US & Canada) from 81% in 2004 to 33% in 2022. Clear advantages in cost, speed, and security drive the move away from manual processes. Checks are not only slow and labour-intensive, but also costly and prone to fraud. According to the Association for Financial Professionals (AFP), the median cost for a business to issue a check ranges from $2.01 to $4.00, whereas an ACH payment costs only about $0.26–$0.50. Additionally, checks are the payment method most susceptible to fraud in business transactions. These factors have compelled CFOs, CTOs, and operations leaders to modernize cash management, integrating new banking technologies that streamline payables and receivables.
This case study examines the evolution of electronic cash management systems for construction and real estate companies. It compares legacy methods like in-house or outsourced check printing and mailing with modern electronic options (ACH, EFT, pre-authorized debits, and commercial online bill payments). We will explore specific differences between the old and new approaches, survey current banking capabilities in Canada, the USA, and Australia (focusing on banks such as TD, Wells Fargo, and Scotiabank), and discuss reconciliation challenges, such as linking electronic payments to the correct property or account, and how automation overcomes them. Finally, we outline the benefits and ROI of adopting digital cash management, supported by industry benchmarks, and illustrate how middleware platforms (e.g., KriyaCash) integrate with both banking systems and real estate ERPs like MRI Platform X and Yardi to deliver these benefits.
Legacy Cash Management Methods (Checks & Manual Processes)
In the legacy scenario, accounts payable and receivable processes in real estate were heavily paper-based. Check payments were the norm for paying contractors, suppliers, utilities, and even disbursing funds to owners or investors. Often, companies maintained a check stock, obtained signatures from authorized signatories, and mailed checks via postal service, adding days or weeks of float before a payment settled. This process was time-consuming and costly: administrative staff spent hours preparing check runs, and each payment incurred printing, envelope, and postage expenses (contributing to the ~$2–$4 per check cost). Reconciliation was also manual; accountants had to match cleared checks on bank statements to invoices, sometimes weeks after issuance, and handle lost or voided checks.
Some firms attempted to improve efficiency by using check outsourcing services. In check outsourcing, a bank or third-party service prints and mails checks on the company’s behalf. This relieves the internal burden of printing and handling mail, but still retains the disadvantages inherent to checks: physical delivery delays, risk of mail loss, and limited remittance data (a check can include a memo or stub, but once deposited, only the amount and possibly a check number appear on statements). Before modern integrations, even outsourced check runs often involved exporting a list of payments from an accounting system and uploading it to the bank or service bureau, a process that remained batch-oriented and not real-time.
Other legacy methods included cash and manual wire transfers. Cash payments (in person) are impractical beyond petty cash and have largely been phased out for B2B contexts. Wire transfers were used for urgent or significant payments (like property acquisitions or international transfers) but require manual initiation at the bank and incur high fees, making them unsustainable for routine payables. In summary, legacy cash management was characterized by high labor effort, slow payment cycles, higher costs, and error-prone reconciliation, prompting the search for better solutions.
Modern Electronic Payment Options (ACH, EFT, PAP, Bill Pay)
Today, companies in real estate and construction have a suite of electronic payment options that integrate with banking systems for faster, more efficient cash management:
- ACH/EFT Transfers: ACH (Automated Clearing House) in the U.S. and EFT (Electronic Funds Transfer) in Canada and other countries refer to batch electronic bank-to-bank transfers. These systems move funds digitally, eliminating paper. ACH/EFT are ideal for routine payments like vendor bills, payroll, or rental disbursements. They operate on next-day or two-day clearing cycles (with Same-Day ACH available in the U.S. for faster settlement) and cost only a few centsper transaction. Businesses can issue ACH credit payments to suppliers (pushing funds to the supplier’s account) or authorize ACH debits (allowing, for example, a utility company to pull funds on due dates). Compared to checks, ACH/EFT payments are faster and more secure, and transaction details are recorded digitally for easier tracking. However, one historical limitation was remittance information: a standard ACH CCD payment carries only a limited 80-character addendum, which often could only fit an invoice number or short note. Modern formats like ACH CTX support extensive addenda (up to nearly 800,000 characters of EDI data in theory) to convey invoice details, but both sender and receiver must support these formats. Increasingly, companies are leveraging this capability or using accompanying electronic remittance advice to ensure that the payee knows precisely what the payment is for. In Canada, the EFT system (often using the CPA-005 standard file format) similarly supports direct deposits to vendors. At the same time, basic EFT remittance info is limited; large firms sometimes use EDI add-ons or send separate email remittances to vendors.
- Pre-Authorized Payments (PAP): Pre-authorized payments, also known as direct debits or PADs, flip the payment initiation – instead of the payer sending funds, the payee (vendor) pulls funds from the payer’s account on the due date. Real estate companies often use PAP for recurring charges like utility bills, property taxes, or loan payments: they grant the utility or tax authority permission to debit their bank account automatically. This ensures on-time payments with no manual intervention. The downside is control and reconciliation. If a company manages dozens of properties, each with PAP arrangements (e.g., multiple hydro and water accounts), it might see numerous debits on its bank statement. Each debit usually carries an identifier (like the utility company name and maybe an account number), but matching each debit to the correct property account can be tedious if the naming is cryptic. Here, automation helps significantly – for example, a modern cash management system can ingest bank transaction feeds and automatically match PAP debits to the correct accounts or invoices by using reference numbers or amount matching rules, as we’ll discuss later. Despite those challenges, PAPs are highly convenient and commonly used in Canada and Australia for recurring bills. ACH debit is used similarly in the U.S. for things like insurance or subscription payments.
- Commercial Online Bill Payment: Many banks offer bill payment services originally designed for consumers that have been adapted for businesses. In Canada, banks (e.g., TD, Scotiabank) allow companies to pay utility bills, taxes, and other vendors through the online banking interface by selecting the payee from a list of registered billers and entering the account/reference number. This method leverages the banking system’s established bill payment networks (such as the Interac Online or Electronic Bill Payment networks in Canada, and similarly in the U.S. through online banking portals). The benefit is that the company doesn’t need the vendor’s bank account details – only the biller’s account number – and the bank ensures the payment is delivered to the biller. For example, a property management firm can pay municipal property taxes or electricity bills for multiple properties by uploading a bill payment file or using the bank’s bulk bill pay tool, which sends the funds to each utility as if the company had written individual checks to each account. Bill payment systems typically convey the account number and amount to the biller, aiding reconciliation on the vendor’s side. However, from the payer’s perspective, using a bank’s bill portal outside of their ERP means reconciliation still requires pulling reports from the bank. Modern solutions have begun to integrate bill pay into ERP workflows, but historically, this was a semi-manual step (logging into online banking to execute or upload payments).
Real-Time Payments and Other Modern Options: In addition to ACH/EFT, newer digital payment rails are emerging. The U.S. has introduced the RTP (Real-Time Payments) network and the Federal Reserve’s FedNow service (2023) to enable instant bank transfers 24/7, bringing the speed of consumer P2P apps to corporate payments. These real-time options can be helpful for last-minute or emergency payments, though they are still gaining adoption in B2B contexts. Australia’s New Payments Platform (NPP) is a leading example of real-time payments with rich data: it allows instant transfers using identifiers like email or phone (PayID). It can carry extensive remittance information, making it attractive for business use. While not all real estate firms are using real-time payments yet, the trend is toward integrating these faster options for improved cash flow timing. Another modern method is virtual credit cards (single-use card numbers issued to pay a vendor), which some AP departments use to earn rebates and automate reconciliation, but this is more of a specialized scenario often offered by fintech providers.
Each of these electronic methods offers improvements over legacy check-based processes. They reduce transaction costs (ACH, for instance, is a fraction of the price of a check), speed up settlement (from days/weeks to same-day or next-day in many cases), and allow integration with enterprise systems for automation. Next, we’ll look at how banks in different regions support these capabilities and how integration is achieved.
Banking Capabilities in Canada, USA, and Australia
Commercial banks in North America and Australia have developed robust cash management platforms to support electronic payments and integrate with corporate systems. The table below compares key features of legacy and modern cash management across these regions, with examples from TD and Scotiabank (Canada), Wells Fargo (USA), and central Australian banks:
| Payment Capability | Canada | USA | Australia |
|---|---|---|---|
| Check Payments & Outsourcing | Declining use; banks offer automated check printing/mailing for exceptions. | Still ~33% of B2B; lockbox & outsourcing common; positive pay for fraud control. | ~0.2% use; being phased out by 2030; focus on electronic alternatives. |
| Batch Electronic Payments | EFT via CPA-005; next-day settlement; supports credits/debits via bank portals. | ACH via NACHA; supports bulk vendor/employee payments; same-day ACH available. | Direct Entry (BECS) moving to NPP; bulk payroll/payables standard; highly automated. |
| Real-Time Payments | Interac e-Transfer (small-value, fast) & wires (large-value); ISO 20022 adoption. | RTP & FedNow for instant 24/7 credits; richer remittance data. | NPP enables instant payments via PayID; replacing BECS by 2025. |
| Pre-Authorized Debits | Widely used for recurring bills via ACH; bank tools for tracking/stopping debits. | Common for subscriptions, insurance; ACH filters for control. | PayTo (via NPP) enables real-time, authorized direct debits. |
| Online Bill Payment | Bank payee lists (utilities, taxes); file uploads for multiple payments. | Bill pay via portals/APIs; ACH preferred for large-scale payments. | BPAY widely used; simplifies reconciliation. |
| ERP/Bank Integration & APIs | Growing ERP plug-ins (e.g., QuickBooks, NetSuite) & APIs for payments/data. | Advanced APIs (e.g., Wells Fargo Gateway) for ACH, wires, virtual cards. | Open banking APIs under CDR; NPP supports real-time data/payment integration. |
| Remittance & Reconciliation | EDI addenda & automated ERP reconciliation; TD offers direct integration. | ACH addenda (CTX) for multiple invoices; near 75% auto-match possible. | NPP allows 280+ char remittance; virtual accounts streamline property payments. |
Table: Comparison of cash management capabilities across regions and banks.
Reconciliation Challenges & Automation Solutions
One pain point for CFOs and finance teams in real estate is reconciling payments when dealing with multiple properties, tenants, and utility accounts. Under legacy methods, reconciliation was straightforward but laborious: a check came with a remittance stub that listed which invoices or accounts it covered, and someone manually noted it in the ledger. With electronic payments, the process can be more complex – the bank statement might show “UtilityCo EFT $5,000” with no obvious clue which properties’ bills are included in that sum. Likewise, if a tenant pays rent via bank transfer, they might not always include an explicit reference. These challenges include: identifying which account or invoice a payment pertains to, matching partial payments, and handling aggregated payments (for example, some utilities might consolidate multiple accounts into one debit).
Automation is the answer to these reconciliation issues. Modern cash management platforms use a variety of techniques to ease reconciliation dramatically:
- Unique References and Metadata: Companies are encouraged to use unique identifiers in payment references. For instance, if paying multiple utility bills via one ACH/EFT batch, the system can assign each transaction a code (like property ID plus invoice number) that appears on the recipient’s statement. Automation on the recipient’s side (the utility company) can parse that code and apply payments correctly. On the payer’s side, an automated system can generate and remember those reference codes, eliminating ambiguity about which payment belongs to which account.
- Bank Data Feeds into ERP: Rather than relying on printed bank statements, companies now receive electronic bank feeds (often daily, or even intraday via APIs). These feeds come in standardized formats (BAI2, CAMT.053, etc.) and list all transactions with any attached info. A middleware or ERP module will ingest this data and attempt to match each entry to records in the ERP automatically. For example, KriyaCash (a real estate-focused cash management middleware) parses bank statement files via BAI format and automatically matches debits and credits to the correct property and ledger account. Suppose a $5,000 utility debit hits the account. In that case, KriyaCash can match it to the combination of invoices that sum to $5,000 for that utility across properties, using the references or amounts on file. This real-time reconciliation dramatically reduces manual effort. KriyaCash reports achieving 75% fewer reconciliation errors by using automatic matching and by tracking every transaction at the property level.
- Virtual Accounts and Sub-Ledgers: As mentioned for Australia (and similarly adopted elsewhere), virtual account solutions give each tenant or property a distinct bank account number or reference. All incoming payments tagged with that virtual account are automatically credited to the corresponding sub-ledger. This approach is like giving each property its cash register in one bank account – simplifying incoming payment reconciliation because the source is pre-identified. Some global banks (e.g., J.P. Morgan, HSBC) offer virtual account management for large real estate operators to segregate cash by property for tracking purposes.
- AI and Pattern Matching: Advanced systems incorporate AI to handle the remaining tricky reconciliations. For instance, if a tenant inadvertently omits the reference on a transfer, an AI might infer the source by matching the amount to the rent schedule or by recognizing the name on the paying account. Over time, machine learning can improve matching rates, further minimizing the need for human intervention.
- Utility and Tax Integration: Utilities are increasingly providing digital tools for large customers: e-billing portals where a company can download all its property bills and even payment confirmation files. Leading firms integrate these portals with their payment systems. For example, after an EFT payment run, an automated process might log into the utility portal, retrieve the PDF receipts or confirmations for each account, and attach them to the ERP for record-keeping. While not a bank integration per se, it is part of the reconciliation automation ecosystem, ensuring every electronic payment is correctly accounted for in the right place.
In short, automation tackles the reconciliation challenge by ensuring every electronic payment is accompanied by data either embedded in the payment or parallel and by using software to perform the matching. This is a significant improvement over manual methods, where staff might have spent days each month tying out which checks paid which invoices. Real estate CFOs now report that with such tools, month-end closing is 3× faster than before, because bank reconciliations and cash allocations that used to drag on for weeks are pre-matched mainly by the time the period ends.
Benefits and ROI of Modern Cash Management
Adopting modern electronic cash management and automation yields substantial benefits for companies in construction and real estate. These benefits can be quantified in both hard dollars and operational efficiencies:
- Lower Payment Processing Costs: As noted, electronic transactions are far cheaper than checks. By converting a high volume of payments from checks to ACH/EFT, businesses save on per-transaction costs (paying perhaps $0.30 instead of $3.00+ per payment)[2]. Figure: Median cost per B2B payment – paper check vs. ACH electronic transfer, illustrating the stark cost difference[2]. Beyond the bank fees and postage, there are labor cost savings: staff who used to print, mail, and manually process payments can be redeployed to higher-value tasks. Industry benchmarks show that best-in-class AP departments (with automation) might spend as little as $2.43 in total processing cost per invoice, versus about $8.81 in a manual environment – a 72% cost reduction on average[21]. These savings accumulate significantly; for example, in one case, a company saved $5 million annually after automating AP[22].
- Operational Efficiency & Time Savings: Automation of payables and reconciliation leads to dramatic time savings. KriyaCash reports a 60% reduction in payment processing time after implementing its intelligent automation[20]. Tasks that spanned weeks – like reconciling corporate credit card charges or cross-checking tenant payments – can be finished in minutes with the right tools[24][19]. A survey of 750 finance leaders found the number one benefit of AP automation was the time[19]. A survey of 750 finance leaders found the number one benefit of AP automation was the time saved in processing (cited by 35% of respondents)[25]. For the CTO, these efficiencies also mean less reliance on error-prone spreadsheets and manual data entry, reducing the risk of human error.
- Faster Payments and Improved Relationships: Electronic payments reach vendors faster, which can strengthen supplier relationships and even yield early payment discounts. For building operators, timely payments to utilities prevent late fees or service disruptions. In the AFP survey, 27% of finance professionals said automation reduced late costs and penalties[23]. Speed isn’t just about paying faster; it’s also about the ability to control timing – e.g., scheduling an ACH for the exact due date, improving cash flow management compared to mailing a check that might clear unpredictably.
- Better Visibility and Control: Modern cash management systems provide real-time visibility into cash positions across all accounts. A CFO can see, for example, exactly how much cash each property’s account has and which payments are scheduled, all in one dashboard. Nearly 30% of finance leaders in one study highlighted improved cash flow visibility as a key benefit of automation[26]. This visibility helps in making informed decisions (like timing large project payments) and in faster month-end close. Companies using integrated systems have reported closing their books much faster (e.g., 3× faster as noted earlier[20]), because bank data and payment statuses are already synchronized with the ledger by period-end. Improved control also comes from features like multi-level approvals in digital workflows (preventing unauthorized payments) and audit trails for every transaction, which are superior to tracking signatures on paper.
- Quantifiable ROI and Payback: The combination of cost savings and efficiency gains typically results in a fast return on investment for implementing electronic cash management systems. Some studies have found that AP automation can achieve 80% cost savings and pay for itself within 12 months[27]. The payback period can range from as short as 6 months up to 18 months for larger projects, depending on the initial investment and scale of operations[28]. For example, suppose a real estate firm handles 10,000 invoices/payments a year, and saves ~$5 per transaction in labor and materials. In that case, that’s $50,000 annual savings, not counting the intangible benefits of speed and accuracy. Many solution providers offer ROI calculators, and case studies frequently show six- or seven-figure yearly savings for mid-sized enterprises after automation[20][22]. Beyond the dollar ROI, there’s also a strategic benefit: staff can focus on analysis and exception handling rather than clerical chores, which can improve financial management and even employee satisfaction by removing drudgery.
- Reduced Error Rates and Fraud Risk: By removing manual steps, companies see far fewer errors (such as duplicate payments or mis-applied cash). As one metric, automation led to 75% fewer reconciliation errors in deployments of KriyaCash[17]. Fraud risk drops as well: electronic payments are harder to intercept or alter than paper checks (which can be stolen or counterfeited). Banks often build in fraud prevention tools with electronic payments – e.g., verification of account details, multi-factor authentication for payment approvals, and audit logs. The overall result is a more secure payment process. The AFP reports that checks remain the most fraud-prone medium, so every check eliminated is a risk reduced[2].
To illustrate the efficiency gains, consider the before-and-after for a real estate operator that implemented an integrated solution (such as KriyaCash) across 50 properties: Before, it might take a team of accountants two weeks after month-end to reconcile accounts and close the books. After automation, the same process might take only a few days, as most transactions are pre-reconciled and reports are generated at the click of a button. In this sense, the ROI is not only in hard dollars but in agility – the company can make faster decisions with up-to-date financial info, which is invaluable for CFOs and operators managing large portfolios.
Integration Case: Middleware (KriyaCash) with Banking Systems and ERPs
The final piece of this case study examines how middleware solutions act as the “glue” between a company’s internal systems (like ERP software) and the banking world. KriyaCash is a prime example of an industry-specific middleware tailored for real estate and construction firms. It serves as an AI-powered financial control center, connecting banking processes with property management workflows.
Integration with Banks: KriyaCash has built deep integrations with major financial institutions so that companies don’t have to interface with each bank’s system manually. For instance, it boasts full integration with the Wells Fargo Cash Management System and advanced integrations with TD Bank (in both the USA & Canada) and Scotiabank[29]. In practice, this means KriyaCash can directly send payment instructions to these banks in the format they require (NACHA files for ACH, CPA-005 for Canadian EFT, SWIFT/ABA formats for wires, etc.), or via direct API calls where available. It also means KriyaCash can pull bank balance and transaction data automatically. So a CTO or systems integrator setting up KriyaCash connects it once to the company’s bank accounts, and thereafter the data flows securely and automatically – no more logging into multiple banking portals to download reports. The system “speaks the bank’s language” by supporting standard formats like NACHA, BAI2, and ISO 20022 (CPA005), and even newer methods like virtual card payment files and real-time API connections[30]. This comprehensive bank integration ensures that when a user in Accounts Payable hits “pay” in KriyaCash, the payments are executed at the bank without further manual steps.
Integration with ERPs (MRI, Yardi, etc.): On the other side, KriyaCash connects with the company’s ERP or property management software. Leading real estate ERPs include MRI Software (e.g., MRI Platform X) and Yardi Voyager, among others. KriyaCash is designed to plug into these systems via standard interfaces or APIs[31]. For example, it can retrieve the list of invoices approved for payment from MRI, then orchestrate the payment through the bank, and finally update MRI with the payment confirmation and reference numbers once done. This eliminates double entry and ensures the ERP remains the system of record while KriyaCash handles the heavy lifting of transacting with banks. Integrations have also been built for systems like CMiC (for construction management) and popular accounting suites used in the industry[32]. Essentially, KriyaCash and similar middleware act as an extension of the ERP: the user may trigger actions from the ERP interface, but behind the scenes, the middleware takes over to handle workflows, validations, and communications with external parties (banks, vendors, etc.).
Automated Reconciliation and Visibility: After payments are made, KriyaCash doesn’t stop. It actively listens for incoming transactions (like tenant payments or bank transfers) and performs reconciliation. For credit card transactions, it matches charges to the correct GL entries automatically[19]. For incoming rent receipts, it matches the payment to the tenant’s account (revenue recognition) by looking at who paid and how much, thus closing the loop from the receivables side as well. It also ingests bank statements (using BAI file parsing) to reconcile bank accounts daily[19]. The platform leverages AI for cash flow forecasting, analyzing patterns to project future cash needs and even recommending fund transfers between accounts to optimize liquidity[34]. This goes beyond what a bank alone offers by adding an intelligence layer on top of cash operations.
In summary, middleware solutions like KriyaCash exemplify how the modern approach ties everything together: ERP + Bank + Intelligent Automation. They ensure that the promise of electronic payments (speed and efficiency) is fully realized by handling the integration and process nuances specific to real estate. The result for a CFO or building operator is a single, unified view of cash – they can see all payables and receivables across all properties, execute transactions with a click, and trust that the system will handle delivery through the bank and record-keeping in the ERP. This is a far cry from the past, where one might juggle spreadsheets, multiple bank websites, and piles of checks. The case of KriyaCash integration shows that with the right middleware, even complex industries like construction/real estate can achieve accurate straight-through processing from the invoice in the ERP to the payment at the bank and back to the books.
Property-Centric Workflows: Real estate operations require tracking cash at a granular level – often by property or project. Generic bank portals or generic ERPs might not easily support this “property-centric” approach. KriyaCash addresses this by maintaining strict property-level segregation of transactions while still enabling consolidated corporate reporting[33]. For instance, if one payment file covers ten different properties’ expenses, KriyaCash will internally tag each transaction with the respective property. When the bank confirmations come back, it auto-posts each payment to the correct property sub-ledger. This design mirrors the way real estate firms manage their books (often separate entities per property) and ensures no intermingling of funds inappropriately. At the same time, CFOs can get a portfolio-wide cash view on demand.
Conclusion
The evolution of electronic cash management systems has transformed how construction and real estate companies handle their finances. The journey from manual checks and ad-hoc processes to integrated ACH/EFT payments and intelligent automation is marked by significant gains in efficiency, accuracy, and control. Legacy methods, while familiar, bog down finance teams with paper and delays. Modern banking integrations – spanning ACH transfers, pre-authorized debits, real-time payments, and digital bill payments – have removed those frictions, especially when coupled with middleware that links banks to ERP systems.
Across Canada, the USA, and Australia, the trend is clear: paper-based payments are rapidly fading as banks roll out advanced cash management tools and as businesses recognize the ROI of automation. Canadian and U.S. companies are drastically cutting check usage in favor of electronic payments (with check volumes dropping ~35% over five years in Canada alone)[35]. Australia demonstrates the end game, where checks are virtually extinct and real-time digital payments are the new norm[6]. Banks like TD, Wells Fargo, and Scotiabank have responded by offering seamless integration options – from file portals to open APIs – making it easier than ever for companies to transact electronically and reconcile their accounts with minimal manual input[10][14].
For CFOs, the benefits are felt on the bottom line and in strategic flexibility: lower processing costs, stronger fraud protection, and timely, reliable financial data. For CTOs, modern systems reduce the IT burden of maintaining custom bank connections and enable a more data-driven finance function. And for building operators and controllers, day-to-day tasks like paying utility bills or collecting rents no longer require tedious workflows – they happen automatically with proper oversight. Industry estimates consistently show positive ROI for these investments, often with payback in a year or less[27], and yielding ongoing savings and productivity gains year after year.
In conclusion, the case of modernizing cash management in the construction and real estate sectors exemplifies the broader digital transformation in finance. By embracing electronic payments and automation, companies turn what was once a slow, clerical function into a streamlined, strategic advantage. They gain real-time insight into cash flows, ensure suppliers and service providers are paid promptly, and free their teams to focus on higher-value analysis and decision-making. As this case study demonstrates with data and examples, moving from legacy to modern cash management is not just an operational upgrade – it’s an investment in agility, accuracy, and growth for the organization. The future of cash management is fully digital, and for those who have made the switch, there is no looking back.
