The Cash Control Process: How Beneficial is it?
Cash Control Process Cash Control Process used in Sonas: The Sonas System is a unique cloud-based reconciliation software solution tailored to self-service terminals. As a system, Sonas facilitates the complete reconciliation and exception management process by seamlessly providing data reconciliation for both cash and transactional information, identifying exceptions, and managing inconsistencies through to […]
The Rise of Cashless Transactions and its Aftermath
It is now easier than ever to make payments. Is it? Cashless transactions have increased tenfold with an abundance of innovation in the sector. If you are tech-centric, it’s great. Pay with facial recognition, a fingerprint, the tap of a card, or a swipe of a watch. It’s no surprise that digital payments have increased. […]
ATM Cash Reconciliation: Definition, Problem & Solution
Financial institutions continue to embrace technology and automation. According to Cash Essentials, Nationwide Building Society reported about 32.8 million cash withdrawals in 2024 in the UK, a 10% increase from the prior year, demonstrating continued demand for physical cash. With this heavy rise in ATM transactions, it is necessary to have accurate and efficient cash […]
برنامج تسوية إدارة النقد لأجهزة الصراف الآلي الكل في واحد
برنامج تسوية إدارة النقد لأجهزة الصراف الآلي الكل في واحد الفوائد الرئيسية التوفيق بين البيانات بأي تنسيق الوصول إلى التحليلات في الوقت الحقيقي تلبية المتطلبات التنظيمية قابل للتطوير بالكامل لدعم توسع الشركة متاح في الموقع أو في السحابة القضاء على العمليات اليدوية المعرضة للخطأ إظهار مسارات مراجعة شاملة برنامج الكل في واحد تحقيق تقارير بصرية […]
Cash Management Trends and Challenges in 2022
In 2022, we are experiencing a unique set of challenges within the Cash Management industry. Across the world, we have all been battling to recover after the global pandemic. With concerns to public health, countries introduced restrictions to limit interactions. Therefore, customer behaviour shifted, changing the landscape of Cash Management. We have needed to adapt […]
How Sonas Can Reduce Your Claims And Liabilities In Cash Management
Reduce risks, claims, and costs and improve customer satisfaction with SONAS’ robust and real-time reconciliation software. Less time spent on manual processing, research and sourcing a paper source documentation saves time and money. Cash Management Firms and Reconciliation Cash management firms’ current processes are often completed using spreadsheets. Resulting in data gaps and a lack […]
Claims Management for Healthy Service Provider Relationship
Poor claims management incurs an unnecessary financial loss when not investigated in a timely or accurate manner. Third-party claims usually incur high costs to a business, as they tend to be time-critical, resource-intensive and commercially sensitive. Some of the challenges faced in claims management include: Lack of information. The inability to resolve claims efficiently will […]