Cash Visibility - Current Solutions & Workarounds
Palm Cash Positions Page
- What it is: Dashboard showing account balances across entities
- How they use it: Daily review of cash positions
- Limitations: Needs anomaly-focused redesign to highlight exceptions
- Used by: ON
Bank Statements
- What it is: Daily balance and transaction data from banks
- How they use it: Source of truth for actual balances
- Limitations: Timing delays, need to compare against expectations
- Used by: ON
Kyriba TMS
- What it is: Treasury Management System with bank connectivity
- How they use it: Bank feeds imported automatically; source of truth for actuals
- Limitations: No forecasting capabilities; just actuals visibility
- Used by: Sonder
Cash Pools
- What it is: Bank-level pooling structures consolidating balances
- How they use it: Simplifies regional visibility; don't need individual account details
- Used by: Sonder (US and Europe pools)
Manual Workarounds
Morning Balance Check
- What they do: Manually verify funded accounts have expected balances
- Why: No automated alerts for unexpected balances
- Source: ON (2025-11-11)
30-Minute Daily Positioning
- What they do: Complete daily positioning in <30 minutes; categorize transactions, check prior day close
- Why: Bank can process transactions after hours; need to verify before making movements
- Source: Sonder (2024-10-03)
Team Calls for Daily Intelligence
- What they do: Regular calls with different teams to understand what's happening that day
- Why: Need to know expected movements before making funding decisions
- Source: Sonder (2024-10-03)