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Cash management services

Cash management services

Services that add efficiency to cash management

  • Optimum disposable and borrowed funds ratio
  • Lower operating and cash administration costs
  • Efficient management of surplus funds and cash flow control

If you are looking for ways to manage your current assets with more efficiency, we suggest you use these cash management services that are available to companies and groups of companies. As we try to understand the specific character of your activity and the challenges you come across, we are looking for close cooperation to advise and offer you the best way to manage your funds.

These cash management services are available from the SEB Bank in Lithuania and from all member banks of the SEB Group as well as SEB partner banks

Cash concentration

Local cash concentration is transferring of the funds of subsidiaries (daughter companies) to the chosen account of the parent company. All you have to do to start using the service is sign an agreement with the SEB Bank. Funds are transferred to the parent company’s  account daily.

When money is transferred to a single account, you can manage, redistribute and use your current assets more efficiently. Other benefits:

  • Lower cost of interest on spending the credit surplus limit of the company's account
  • If parent companies have accumulated sufficient money on their accounts, you don't need to borrow from the bank
  • The company's funds are managed centrally and control of payments made by the daughter companies is ensured

International cash concentration is transferring of the funds of a company’s subsidiaries based in different countries to a single account in the selected country.

Interest compensation

Interest compensation

This is a bank service when the bank accounts of companies or groups of companies managed in the same currency are assigned to a single group, which enables the company or the group of companies to increase the interest income on the consolidated balance. The interest is paid for the total balance of the group’s accounts, which allows earning more of the interest income than when interest is paid for the balances contained in separate accounts.

Fixed (minimum) interest

By paying minimum interest, the bank ensures stable interest income, which depends on the amount of the balances in the accounts with the bank. Fixed interest is aimed at preventing reduction in the interest income if recession occurs in the currency market.

Variable interest

The level of this interest depends on the actual market situation. If the market situation is favourable and the accounts contain surplus funds, application of variable interest results in higher interest income.

Sending of MT940, MT941 and MT942 account statements

Account statements MT940, MT941 and MT942 are agreed standard bank account statements which are sent via the network of international interbank settlements, SWIFT. With this service, on our banking web site you can view statements of your accounts with other banks that operate in different countries:

  • MT940 is a daily statement with information on performed transactions
  • MT941 is a statement sent several times per day with information on balances at a specified moment in time
  • MT942 is a statement sent several times per day with information on performed transactions

Submission of MT101 payment order

MT101 payment order is a standard international SWIFT payment order sent from one bank to another at the customer’s instruction. The MT101 payment order is intended for managing the accounts of a company or its subsidiaries opened with banks in different countries.

As we cooperate with the member banks of the SEB Group and partner banks abroad, we are able to assist you with proper management of your company’s or your group’s funds both in Lithuania and abroad. If you want to use the cash management services in several banks of the SEB Group and in partner banks, you can contact one of the member banks of the SEB Group.


If you have questions or need help concerning these services, you are kindly welcome to write as an e-mail to cm.clientservices@seb.lt, and we will contact you shortly. You can also call us at +370 5 268 2822.

In providing our cash management services, we apply our unique methodology (“cash management value chain”). It consists of six elements, each linked with the specific phases of the workflow and with each other. This cash management methodology is consistent, so it allows improving the individual phases of a business without forgetting the overall picture. We can advise you depending on what you want to change.

Purchase and sales

Cash management makes up the bulk of the administrative work related to purchase and sales. Appropriate administration has a positive effect both on cash management and on the working capital.

After analysing just a single process of invoice management we can sometimes advise you on how to cut your administrative costs by more than 60 per cent as compared with what you have to spend if you write invoices manually. If you coordinate the administration and organisation of the procurement of products and services that do not directly relate to your core activity, you can cut your procurement costs substantially.

Risk management

Both business and management of financial assets are always associated with risks:

  • Your company may end up not receiving payments for the products sold or services provided
  • The currency exchange rate and interest rates may rise or fall
  • You may incur losses due to human mistakes or technical disorders
  • Politics also affects business

We help to identify and assess risks related to your business as well as to develop a risk management strategy.

Cash distribution

Daily cash management normally relates to saving opportunities. The process is based on a clear structure of bank accounts, effective reporting and system integration.

Through cash flow optimisation we increase the working capital and create added value. What counts most in this case is a transparent and normally centralized cash distribution process. Centralized distribution of funds can bring down the number of banks that cooperate with your company.

Cash flow forecasts

The ability to forecast the cash flow is the key indicator of the quality of corporate liquidity management. It reflects the degree to which the functions of the company’s core operations or other related divisions or daughter companies are integrated.

We analyse the daily procedures and advise on how they can be improved. We aim that you receive your cash income and manage your cash flow as efficiently as possible. Through automation of your cash flow forecasting, you can improve your business efficiency, risk control, competitiveness and scope of operations. Accurate and quickly assessable information improves your decisions.

Short-term investing and financing

The efficiency of short-term investments and financing depends on whether the received information is accurate and suitable for taking action. One also needs to have the opportunity to use the investing and financing alternatives that do not exceed the powers granted by the treasury. This is a good way to increase your return on investment, avoid mistakes and improve the control and efficiency of your business processes related to the transaction performed.

Payments

The efficiency of a payment transaction depends on the level of integration, i.e. on the way internal and external information on purchase, sale and financial transactions is integrated. Set-off allows making payments and reducing the number of transfers and currency exchange transactions. It pays off to integrate the payment information with sales and supply registers as well as with the great ledger.

As we cooperate with the member banks of the SEB Group and partner banks abroad, we are able to assist you with proper management of your company’s or your group’s funds both in Lithuania and abroad. If you want to use the cash management services in several banks of the SEB Group and in partner banks, you can contact one of the member banks of the SEB Group.


If you have questions or need help concerning these services, you are kindly welcome to write as an e-mail to cm.clientservices@seb.lt, and we will contact you shortly. You can also call us at +370 5 268 2822.

 

With SEB’s unique cash management methodology our specialists, as well as taking account of the obvious operating costs of a company, disclose and help to minimize the invisible costs and to earn additional income:

As we cooperate with the member banks of the SEB Group and partner banks abroad, we are able to assist you with proper management of your company’s or your group’s funds both in Lithuania and abroad. If you want to use the cash management services in several banks of the SEB Group and in partner banks, you can contact one of the member banks of the SEB Group.


If you have questions or need help concerning these services, you are kindly welcome to write as an e-mail to cm.clientservices@seb.lt, and we will contact you shortly. You can also call us at +370 5 268 2822.

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