Cash, Fund & Payment Administration
Luther Corporate Services supports a diverse portfolio of clients ranging from small and medium-sized enterprises to multinational corporations with cash, fund & payment administration services. For smaller businesses where segregation of duties is an issue our service functions as an additional internal control with regards to company fund spending.
- Administration of cash funds deposited with us or in client’s own bank accounts
- Cash forecasting and processing of accounts receivables
- Account signatory services to enable settlement of company payment obligations e.g. to suppliers, for payroll, for employee expense reimbursements
- Issue payment vouchers and prepare cheques
- Mailing of signed cheques to payees or remittance of funds by telegraphic transfer