A cash manager wishes to automate most of her treasury management operations.She should investigate purchase of a

Question

Quizplus · Accepted Answer

A treasury workstation is specifically designed to handle treasury management operations, and can automate a variety of tasks such as cash forecasting, bank reconciliation, and investment management. It would likely be the best choice for the cash manager's needs.

The other options may also have some usefulness in automating treasury management operations, but they are not as tailored to this specific purpose. A PC-ACH system is primarily designed for electronic payments, such as direct deposit or bill payments, but would not necessarily help with other treasury management tasks. A computerized accounting system could help with bookkeeping functions, but may not be as capable in other areas such as cash forecasting or investment management. A handheld personal data assistant may have some utility for on-the-go access to information, but would not be as powerful as a treasury workstation for overall automation of treasury management operations.

A Cash Manager Wishes to Automate Most of Her Treasury