Oracle Modern Best Practice for Retail—Bank Transaction to Cash Position

Secure and Streamlined Reconciliation
Secure and Streamlined Reconciliation

Bank Transaction to Cash Position

With constantly changing preferences in consumer payment methods, it is vital for retailers to establish a modern, data-driven cash management approach. With Oracle Modern Best Practice, you can streamline processes while scaling for tomorrow’s virtual payment frontiers. Leverage mobile, social, analytics, and cloud to ensure an error-free account reconciliation and an efficient close. Use secure, role-based dashboards to review summative reimbursements, payroll, receivables, donations, investments, and borrowing. Import statements electronically to monitor and interact with regional locations. Take advantage of cloud to securely socialize bank transactions, reconcile statements to bank transactions, and reconcile balances. Create smarter, more streamlined processes for minimal cash leakage across store locations, maximizing cash reserves for the future.


Review Activities
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Review Activities

Review automated aggregation of disbursements, payroll, collections, investments, and borrowing. Use a secure, role-based dashboard to view highlighted differences and variances to plan and address potential cash crunch.


Bank Validation
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Bank Validation

Daily interfaces with banks featuring automatic comparison of records and adjustment of fees and minor differences. Align daily balances.


Initiate Interbank Activities
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Initiate Interbank Activities

Execute global cash management based on seasonality and operation needs. Optimize balances across accounts using zero balance schemes, etc. Real-time review of bank positions.


Manage End of Period Positions
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Manage End of Period Positions

Automated month end statement reconciliation. Balance sheet optimization with automatic updates to forecasts and plans.