Cash
Management is managing a company’s short term resources to sustain its ongoing
activities, mobilize funds and optimize liquidity. Cash Management comprises of
accelerating and efficiently collecting cash inflows concentrating collected
funds; Controlling the timing of cash outflows; forecasting the position;
securing adequate sources of short-term funds; optimizing use of any temporary
cash surpluses; gathering timely information; implementing the system and
services necessary to monitor, manage, and control the cash position; ensuring
the internal and external transfer of financial data.
