How does Panax’s cash positioning feature work?

Panax's cash positioning feature consolidates data from global bank accounts and payment wallets, giving a full snapshot of available cash. This centralized view allows you to make informed decisions on cash movements, investments, and loans.

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How often is cash position data updated in Panax?

Panax provides real-time or end of day updates, depending on the integration setup with banks and financial institutions, ensuring that you have up-to-date information for accurate decision-making. Panax also allows you to see when the data was last updated, directly in the platform.

Does Panax work with a specific bank or financial institution?

Panax connects to over 10k banks, cash platforms and ERPs. You can check the connectivity page for more information.

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"Seeing everything in one place and getting proactive alerts and trends has been a game-changer for our cash management processes."
N. Bar
, 
Finance Director
"Panax enables us to optimize our cash management and maximize the total yield we gain on our liquidity."
M. Moore
, 
VP Finance
"Using Panax saves my team many hours of manual work and errors and gives me the insights I need to understand our cash trends and take proactive decisions."
O. Chereshniya
, 
CFO
"I love Panax's waterfall cash report. I use it daily."
D. Tal
, 
VP Finance
"Panax’s proactive alerts and improved visibility, enabled us to increase our invested cash by $5.5m, which equals over $250k in interest income annually"
H. Shemesh
, 
VP Finance
"Panax streamlined our access to our global bank accounts. With Panax we have clear visibility into each hotel, understand cash flow cycles and make sure each hotel is funded to a sufficient level. Having this access in one portal has enabled us to move quicker and maximize liquidity"
M. Asulin
, 
Head of Investments