The objective is to maximize interest income and minimize expenses associated with cash flows into and out of the University. This is accomplished by effective management of collection services (e.g., lock boxing, EFT collections, credit card receipts, etc.), disbursement services (e.g., controlled disbursements, zero balance accounts, EFT payments, etc.), fraud protection (e.g., positive pay, payee positive pay, etc.) and control services (e.g. information reporting, lockbox data transmission). Further, the department is responsible for establishing sound cash forecasting techniques, managing the operating funds and maintaining effective commercial banking relationships. |
