cancel
Showing results for 
Search instead for 
Did you mean: 

Cash Concentration

Former Member
0 Kudos

Hi Friends,

Kindly let me know the cash concentration in IHC Vs Cash management?

What are the major differences between these two and which method is more adoptable?

Thanks in advance.

Thanks,

VNTR

Accepted Solutions (0)

Answers (1)

Answers (1)

Former Member
0 Kudos

Cash Management is a reporting tool, you can combine bank accounts information in your system for reporting purposes. For example you can see all regional bank accounts cash reported as a single line then you combine them in Cash management structure.

IHC is a tool to actually manage cash, i.e. you use it to create a mini-clearing house of your own within your own company and then send combined cash movement instructions to the bank, instead of sending separate instructions for each paying company code/ entity.