Cash management software that optimizes your processes and reduces fraud
Custom site cash management software helps you digitize your day-to-day cash management processes—like tracking your cash flows, transactions, budgeting, forecasting, invoice management—reviewing your expenses, and more.
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Here are some of the top manufacturing companies that trust Zoho Creator with their cash management operations.
Why Zoho Creator?
Personalized solutions
Zoho Creator's drag-and-drop capabilities, visual builders, and guided scripting allow manufacturing sites to create their own solutions, which they can use to manage both basic and complex cash flow activities.
Approve on the go
With the help of approval workflows, you can opt for multilevel approval management, with notifications being sent to stakeholders at various stages of the payment request process.
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The digital touch
Create unique processes to suit your specific cash management needs by combining multiple components. Online portals offer personalized user journeys for stakeholders, and role-based access streamlines the process and explicitly identifies roles and dependencies.
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Automate with ease
Workflows are used to automate processes like data validation and report generation. This results in less manual labor and higher data quality. Visual workflows in Zoho Creator help achieve advanced automation and boost productivity. You can get more done in less time and build scalable workflow solutions by using its simple drag-and-drop interface and workflow automation tools to build complex workflows.
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Learn moreManufacturing giant uses Zoho Creator for their cash management
Background
Zylker Manufacturers is one of the largest industrial manufacturing companies in Europe, with branch offices in over a dozen countries. The main divisions of the company are energy and infrastructure, with over 5,000 employees across locations, and over $2B turnover.
The need
At that time, Zylker Manufacturers were on the lookout for a software solution that would help them manage cash at various installation sites, which at that time was controlled through an array of tools, such as paper, spreadsheets, and email. This led to challenges, such as limited visibility, lack of approval management systems, theft, fraud, and poor data quality.
Solution
Zylker used Zoho Creator to create a custom petty cash management solution to tackle its challenges. The solution developed on the Creator platform has significantly reduced paper-based and email-based processes that needed manual intervention within the organization.
With the help of the cash management app, site workers were handed cash to purchase materials and logged it into the app. After the purchase, the worker uploaded the receipt onto the app, and could hold on to the remaining cash and request more as needed.
As a cloud-based solution, stakeholders across their different sites were able to access, fill out, and use data in the application, which was not possible while using paper and spreadsheets. Access to real-time information allowed stakeholders to oversee payments across the different active sites, which was converted to an intuitive dashboard.
Benefits
- Cost savings of over $30,000 per year
- Fraud detection: Fraud has been reduced since transactions were tracked
- Cost effective: Saved money due to reduced cash loss and the admin cost of tracking it
- Process automation: Reduced the work needed to capture manual and redundant tasks, as no human intervention was needed to make journal entries to manage petty cash
- Actionable insights: Real-time reports are now generated to oversee various cash flow activities across various sites
Note:"The solution described here was developed for a real use case of a Zoho customer. All names, identifying details, and screenshots have been anonymized to retain privacy."
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