PAM Cash Application Module
Automates Receivables and Cash Accounting
PAM's Cash Application Module fully automates your cash accounting and reconciliation process. Online queries provide detailed information on actual bank balances, projected cashflows and historical bank account activity relative to any transaction. Cash Application increases your productivity by eliminating the burdensome administrative task of reconciliation and enabling you to address exceptions when they occur rather than waiting for your custodians' statements to arrive.
You control the process for receiving reconciliation information from your custodian. The module provides a variety of ways for initiating the import and matching of transaction data, allowing you to configure the level of automation and control best suited for your environment.
Your Benefits
- Exceptions are identified within hours of transactions rather than weeks later when the statement arrives, greatly easing resolution
- Historical database of transaction reconcilements eliminates the need to review hard copy data or custodian requests for transaction history
- Frees resources normally dedicated to reconciliation
- Users can perform reconciliation at whatever frequency they desire
- Reliable cash balances give portfolio managers greater confidence in investment activities
- Tolerance parameters eliminate the process of identifying and accounting for minor exceptions
- Users can closely monitor and evaluate custodians' performance
Key Features
- Cash records detail all cash receipts and disbursements that have occurred in your account since your last download. These records reflect the settlements, income, paydowns and maturities related to your securities holdings. Cash Application is multicurrency and handles entries in a portfolio's functional or local currency.
- PAM automatically sets up receivable/payable records for all transactions, which are reported as open items until cash from the bank feeds is applied in Cash Application.
- It highlights unapplied items, allowing you
to quickly focus on exceptions that have not been reconciled.
- Cash Application's automated matching of receivables to custodian-reported transactions provides the basis for the receivables and cash accounting.
- Events such as reversals, corrections, tolerance matches and late postings automatically flow to the accounting. The module automatically handles related gains and losses. Since the matching is real-time, the most current information is available online throughout your organization.
- Cash Application allows you to set amount and data parameters under which a match is acceptable, helping you to quickly resolve slight differences that often occur in the final amounts involved in a transaction or situations in which cash did not move on the expected date.
- PAM's reporting capabilities provide standard cash analysis reports. You can also use the PAM Export Module or PAM Software Developers Kit to create your own customized cash or portfolio analysis reports and online queries.
Check Out Related Investment Accounting Solutions:
 | PAM for Securities |
| PAM for Mortgages |
| PAM for Real Estate |
| PAM for Bank Loans |
| PAM for UVT |
| Hosted Investment Accounting - ePAM |
| PAM Architecture |
| PAM Performance and Attribution |
| PAM Fixed Income Analytics |
| PAM Risk Management |
If you have further questions, please do not hesitate to email us or simply call your local office. |
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Selected References
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Insular Life
 Princeton Financial Systems' experience in providing solutions for the insurance industry was a key factor in our decision. We selected PAM due to its superior accounting functionality and the efficiencies it will bring to our organization. By automating the investment and accounting process we will improve our operations and reduce costs. 
Insular Life Press Release
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