A PETERBOROUGH-based businesswoman is behind the company that has developed a ground-breaking service that will excite companies with cash in the bank or financial experts looking after client deposits.
Cascade Cash Management (Cascade) is an independent and transparent service created to generate enhanced cash returns and increase protection on deposits through professional cash management. It offers a cash savings service offering businesses monetary returns like no other in the UK.
Dr Emma Black (above) decided that a radical move was needed to help businesses protect and heighten the returns of their hard-earned cash. In response, Cascade has heavily invested in a newly launched unique online portal with accompanying website, with the company adding in excess of £85m since launch, taking the total administered to date to over £500m.
The portal is the only one of its kind in the UK allowing independent and unbiased cash solutions using the company’s proprietary algorithm that means the users don’t have to choose only one bank. With the online portal and Cascade’s client support team, all banks can be accessed quickly and easily, on a daily basis.
The service is suitable in particular for companies that are cash rich with money sat in the bank, which should be getting returns on their ‘savings’.
Financial directors and controllers can access the online portal directly exporting reports detailing their holdings, particularly useful for reporting to company boards. Any actions such as better rate opportunities or approaching maturities will be notified to ensure the rates remain at the top of the market.
Dr Black said, “Many companies have ‘rainy day’ money and high net worth cash investments of over £250,000 sat in one bank, or in tied in low yielding long-term savings accounts. This is such a waste of potential return, with exposure to only one provider unnecessarily increasing risk.
“Our portal has individual secure log in details and a comprehensive dataset using our unique optimisation and proprietary technology that can administer bespoke cash portfolios in seconds. It is not just all about good interest rates. Our product means clients can improve the term structure of their cash (from instant access up to five years) while also allowing for them to ensure that they have the desired degree of protection under the Financial Services Compensation Scheme or European equivalents.
“The service has been designed carefully so that power of instruction remains with the client and designated signatories only. This means FD’s can have peace of mind that their cash savings are directly held with regulated financial institutions, with no money ever passing through Cascade Cash Management. Corporate clients can layer the level of support they desire so that they are as involved as they wish to be.”
Cascade has a team of ten experts, headed up by Dr Emma. More information on the service can be found on the brand new website www.cascade.co.uk.