Northern Trust Hedge Fund Services (NTHFS) has introduced Cash Optimization, an automated service option for managing and maintaining the interactive inflow and outflow of cash through various platforms.

The service, developed with Hazeltree Optimizer, a rules-based cash optimization platform, to offer a comprehensive strategy for cash management activities using current balances, forecasted transactions and market data such as financing, interest and foreign exchange (FX) rates.

“Cash Optimization is a significant step for investment managers looking to automate what has been a labor-intensive process of managing cash balances, liquidity investments and payments among a complex network of counterparties,” NTHFS CEO Peter Sanchez said. “Our clients are looking for enhanced treasury and collateral functionality and Cash Optimization provides this.”

The Cash Optimization service is fully integrated with NTHFS to provide clients a single dashboard with additional connectivity to Northern Trust’s FX and Liquidity Solutions Portal services.