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Cash Management
Optimise your payment instruments
Monitor your accounts and manage your transactions remotely
Pool your cash
YOU ARE...
puceA large group with a centralised structure or planning to centralise
puceYou currently have a short- or long-term manual or semi-manual cash management process, or automatic pooling
puceYou carry out your tansactions in several countries with different currencies

Sogecash Intraday Sweeping

Maximise the return on your cash by automatically pooling the account balances of your different subsidiaries on a daily basis while maintening your partnership with your local third part banks.


1

Automatically receive your group's overall cash position in its different countries of operations


2

Cover your group's position in real time, withouth waiting until the next day for information

  • The sweep is carried out everyday with processing and settlement the same day, including the majority of the cash collected and paid out locally that day
  • You receive information each day before the investment/borrowing cut-off time
  • Your investments/borrowings are carried out each day, with settlement the same day

 


3

Work with your usual banking partner in any given country

  • This solution simply requires that each of your banks is able to transmit to Societe Generale electronic account statements (Swift MT940 messages) at the end of each day, and transaction statements (Swift MT 942 messages) each morning, and to receive and process transfer request orders issued by Societe Generale (Swift MT101 messages).
  • You will then able to include in your cash concentration project, under certain conditions, your accounts held with any other bank

ADVANTAGES OFFERED BY SOCIETE GENERALE
  • We can receive transfer orders and accounts statements from any bank in any country, provided it can send us Swift MT940 or MT942 messages and process any Swift MT101 messages received from Societe Generale.
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