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Cash Concentration services make it easy for you to consolidate deposits made at multiple banks, simplify management of multiple accounts, and invest idle cash.
Benefits
- Eliminate idle balances
- Eliminate manual transfers between accounts and simplify multiple account management
- Make reconciliation easier and accumulate funds faster
- Easily invest idle cash residing in accounts anywhere in the world
Features
- Easily initiate and manage via one-time and recurring transactions via hNet online cash management
- Create Cash Concentration files in your internal accounting system, and upload the file into hNet
- Set up electronic transactions only once – going forward simply input the amount and effective date of the transaction
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