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Q: In your own words, identify two cash management products and provide a short description of each. Do you have any experience with these products? Which cash management product do you like best? Why?
A: Account Reconcilement Services: Balancing a checkbook can be a difficult process for a very large business, [ [ since it issues so many checks it can take a lot of human monitoring to understand which checks have not cleared and therefore what the company's true balance is. To address this, banks have developed a system which allows companies to upload a list of all the checks that they issue
on a daily basis, so that at the end of the month the bank statement will show not only which checks have cleared, but also which have not. More recently, banks have used this system to prevent checks from being fraudulently cashed if they are not on the list, a process known as positive pay. Advanced Web Services: Most banks have an Internet-based system which is more advanced than the one available to consumers. This enables managers to create and authorize special internal logon credentials, allowing employees to send wires and access other cash management features normally not found on the consumer web site. Armored Car Services (Cash Collection Services): Large retailers who collect a great deal of cash may have the bank pick this cash up via an armored car company, instead of asking its employees to deposit the cash. ] In United States banking, cash management, or treasury management, is a marketing term for certain services offered primarily to larger business customers. It may be used to describe all bank accounts (such as checking accounts) provided to businesses of a certain size, but it is more often used to describe specific services such as cash concentration, zero balance accounting, and automated clearing house facilities. Sometimes, private banking customers are given cash management services. ]
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User: In your own words, identify two cash management products and provide a short description of each. Do you have any experience with these products? Which cash management product do you like best? Why?

Weegy: Account Reconcilement Services: Balancing a checkbook can be a difficult process for a very large business, [ [ since it issues so many checks it can take a lot of human monitoring to understand which checks have not cleared and therefore what the company's true balance is. To address this, banks have developed a system which allows companies to upload a list of all the checks that they issue on a daily basis, so that at the end of the month the bank statement will show not only which checks have cleared, but also which have not. More recently, banks have used this system to prevent checks from being fraudulently cashed if they are not on the list, a process known as positive pay. Advanced Web Services: Most banks have an Internet-based system which is more advanced than the one available to consumers. This enables managers to create and authorize special internal logon credentials, allowing employees to send wires and access other cash management features normally not found on the consumer web site. Armored Car Services (Cash Collection Services): Large retailers who collect a great deal of cash may have the bank pick this cash up via an armored car company, instead of asking its employees to deposit the cash. ] In United States banking, cash management, or treasury management, is a marketing term for certain services offered primarily to larger business customers. It may be used to describe all bank accounts (such as checking accounts) provided to businesses of a certain size, but it is more often used to describe specific services such as cash concentration, zero balance accounting, and automated clearing house facilities. Sometimes, private banking customers are given cash management services. ]
henryVIII|Points 0|

User: How might a potential employer evaluate your writing if you did not use proper verb tenses? Explain why.

Weegy: If a potential employer sees that you did not use proper verb tenses, he or she may assume you did not check your work and were, therefore, too lazy to do so. [ That person may then assume you would be equally as remiss in your work if you were to be hired, and you may not even get called for an interview. Another possible assumption might be that you aren't well educated. ]
ramkitten|Points 1865|

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Asked 9/6/2010 5:12:33 PM
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