McCoy's Building Supply, a retail chain that operates 88 stores in Texas and four surrounding states, has made great strides in recent years in increasing its visibility into its cash.

Tracy Mock, the company's treasury and A/P manager, said the company has a direct pipeline to two of its main banks and accesses a third bank via SWIFT, with its workstation provider, Kyriba, acting as its SWIFT service bureau.

"Then we have 41 different bank accounts that we use a third-party data accumulator to gather the data for us every day and feed us the file every day," Mock said. Previously, "we weren't looking at cash at any of those accounts until the month-end bank statements arrived," she said.

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Susan Kelly

Susan Kelly is a business journalist who has written for Treasury & Risk, FierceCFO, Global Finance, Financial Week, Bridge News and The Bond Buyer.