PPT on Disbursement Management System

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Guide on Disbursement Management System
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What are we going to Cover?

• What is Disbursement Management?
• How Disbursement Works?
• Types of Disbursement?
• What is Disbursement Management System?
• Where to get Disbursement Management Solution?

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What is Disbursement?

• According to Wikipedia A disbursement is a form
  of payment from a public or dedicated fund.
  Alternatively, it means a payment made on behalf
  of a client to a third party for which
  reimbursement is subsequently sought from the
  client.
• In very simple disbursement is just paying out of
  funds or money whether to renovate house,
  purchase anything or to run a business.
• Disbursement are part of cash flow which is net
  amount of money spend came in or through a
  business.

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How Disbursement Works?

• Disbursement is payment made by a company in cash
  or cash equivalents during a specific set of
  time, like half yearly or yearly or quarterly.
• Disbursement are managed by a employee of company
  responsible for managing all the details of
  transaction by keeping their documented entry.
• Entry of disbursement should include the date of
  expenditure, payee name, amount given or taken,
  method of transaction purpose of transaction.
• All these details effect companies overall cash
  balance.

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Types of Disbursement

• Financial Aid Disbursement
• THrough this disbursement process financial aid
  is paid to the educational institutes or
  concerned person.
• In major cases it directly goes to college or
  university.
• Such disbursement are briefed by school and loan
  services in writing which includes the amount of
  loan and expected disbursement date.

• Will Disbursement
• These disbursement process includes distribution
  of assets from a deceased person's estate.
• The executor is personally responsible for
  protecting the estate legally until the probate
  process gets completed the assets are
  disbursed.

• Cash Disbursement
• It is disbursement of cash paid in exchange of
  any goods or services. Cash disbursement can be
  made on various scenarios by various payment
  methods.
• It can include refunds to a customer, dividend
  payment etc can be made with a check, fund
  transfer or coins.

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What is Disbursement Management System?

• Disbursement Management is management of all
  companies cash flow helping in improving
  maximizing cash flow of any business while
  simplifying their Financial Operations.
• Disbursement Management System helps in
  optimizing improving business operational
  efficiency along with lowering disbursement cost
  while enhancing financial control across all
  lines of business and geographies.

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1.9 Billion

• According to Alite Group US Companies make more
  than 1.9 billion dollar payment to consumer
  annually.All these payments also known as
  disbursements, include insurance claims, rewards,
  rebates and payments from businesses to workers.

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Where to get Disbursement Management Solution?

• With so much importance of disbursement
  management system, softwares tools where do you
  actually get it for your company?
• ClearCycle
• Clearcycle is the best solution provider for
  Disbursement Management. Clearcycle is leader in
  Finance and Disbursement Management System.
• Since 1983, clearcycle has provided payment
  solutions to a wide cross-section of major
  American companies in Healthcare, Insurance,
  Retail, Manufacturing and Logistics businesses.