Bank Accounts
Cash Management (CMM) manages the organisation's own bank accounts and controls how those accounts are used across operating units. These accounts support business functions such as accounts payable, accounts receivable, treasury, and payroll.
FXM and CMM serve different purposes. FXM handles connected funds accounts and financial activity retrieved from external providers. CMM handles internal bank account setup.
Bank accounts
Bank account details are maintained at the legal entity level.
| Field | Purpose |
|---|---|
| Account name | Human-readable account name |
| Account number | Bank account number |
| Bank | The financial institution |
| Bank branch | The branch associated with the account |
| Account holder | Party that holds the account, where different from the owner |
| Account owner | Legal entity that owns the account |
| Currency | Account currency |
| Account type | Account type or product type |
| Account classification | Whether the account is internal or external |
| Holder name | Name recorded for the holder |
| IBAN | International Bank Account Number, where applicable |
| Description | Additional context for administrators |
Party relationships
Bank account configuration can refer to several parties:
- Bank - the financial institution.
- Bank branch - the branch or local institution unit.
- Account holder - the party in whose name the account is held.
- Account owner - the legal entity that owns the account.
This separation supports corporate treasury structures where the account holder and account owner are not always the same party.
Account classification
CMM distinguishes between internal and external bank accounts:
- Internal accounts are owned and controlled by the organisation's legal entities. They are used for day-to-day operations such as payables, receivables, treasury, and payroll.
- External accounts belong to third parties, such as suppliers or customers, and may be recorded for payment routing.
Bank account uses
Bank account uses define how an account is used by an operating unit.
| Field | Purpose |
|---|---|
| Operating unit | Organisation unit that uses the account |
| Bank account | Account assigned to the operating unit |
| Primary account | Whether this is the primary account for the operating unit |
| Payables use | Whether the account can be used for accounts payable |
| Receivables use | Whether the account can be used for accounts receivable |
| Treasury use | Whether the account can be used for treasury activity |
| Payroll use | Whether the account can be used for payroll |
| Pooled account | Whether the account aggregates funds across operating units |
Example use
A single bank account can be assigned to multiple operating units with different use settings. For example:
- Operating unit A might use account X for payables and receivables.
- Operating unit B might use account X only for payroll.
- Operating unit A might mark account X as its primary account while operating unit B uses a different primary account.
Pooled accounts
A pooled account aggregates funds from multiple operating units. Pooled accounts are common in cash concentration structures where subsidiary funds are swept into a central account for treasury management.
Relationship to FXM
CMM and FXM are complementary but separate:
| Area | CMM | FXM |
|---|---|---|
| Perspective | Organisation's own bank account setup | Connected funds accounts and account activity |
| Typical source | Tenant administrators | Payment processors, banks, and account information providers |
| Primary use | Payment routing, treasury, payables, receivables, payroll | Payment processing, account aggregation, balances, transactions |
| Party linkage | Bank, branch, holder, owner | Account servicing provider, account parties, merchants |
An account configured in CMM may also appear as a connected funds account in FXM if that same account is retrieved through an account information provider. The two records serve different operational needs.
Access
Bank account configuration is visible and editable according to the tenant's access settings. Administrators typically manage account setup, while other users may be granted view access where their role requires it.