Cash Management - Benefits

Cash Management - Benefits

Effectively using cash management with trade finance products brings tangible benefits to both corporates and financial institutions.Learn the various benefits of cash management process.

Effectively using cash management with trade finance products brings tangible benefits to both corporates and financial institutions.

It ensures liquidity and optimal use of cash resources by:

Having enough cash on hand at the right time in order to fund core business operations and improve working capital position

Visibility into expected cash needs and forecasted cash receipts

Ability to analyze enterprise-wide cash requirements and currency exposures

Daily cash position and projected cash forecasts to minimize idle cash

Real time cash positioning for preventing bank balance overdrafts and effectively managing liquidity

Bank statement reconciliation protecting unauthorized use, maintain accurate cash balances, identify and resolve bank errors

Cash management also helps you to implement explicit segregation of duties helping minimize frauds and misappropriations.

Cash Management - Benefits

cashmgmt

Related Links

You May Also Like

  • Sources of Cash

    Sources of Cash

    What are the various sources of cash in an organization. Which sources increase the cash available with the enterprise and which sources results in outflow of the cash? Let us explore!

  • Treasury Organization

    Treasury Organization

    Although there is no straight forward answer to the question, how to best organize a treasury function, this article provides an generic view of the way large MNCs creates departments or sub-functions within the treasury function.

  • Cash Clearing Learning Objectives

    Introduction to Cash Clearing Process

    Unravel the mystery behind clearing accounts. Learn why clearing accounts are used in finance and accounting. Learn why so many clearing accounts are defined in ERPs and Automated Accounting Systems.

  • Cash Clearing – Accounting Entries

    Cash Clearing – Accounting Entries

    The Cash Clearing process enables you to track amounts that have actually cleared your bank. Learn the steps and accounting entries that gets generated during the cash clearing process.

  • Treasury Management - Benefits

    Treasury Management - Benefits

    Effectively using treasury management with cash management and trade finance products brings tangible benefits to both corporates and financial institutions. Let us discuss some tangible benefits of treasury function.

  • Treasury Management – Why?

    Treasury Management – Why?

    Treasury has increasingly become a strategic business partner across all areas of the business, adding value to the operating divisions of the company. Managing activities that were traditionally carried out within the general finance function. Learn about the drivers for this change.

  • Treasury Management Systems

    Treasury Management Systems

    Technology has enabled the treasury function by providing various solutions to manage it's complicated tasks. This article explains various types of treasury management systems available in the market.

  • Financial Risk Management

    Financial Risk Management

    The objective of Financial risk management is to protect assets and cash flows from any risk. Treasury function works to accurately assess financial risks by identifying financial exposures including foreign exchange, interest rate, credit, commodity and other enterprise risks. Learn about the various risks that are managed by treasury.

  • Cash Clearing Process

    Cash Clearing Process

    The Cash Clearing process enables you to track amounts that have actually cleared your bank. Till reconciliation happens the amounts are parked in 'Cash Clearing Account'.

  • Introduction to Bank Reconciliation

    Introduction to Bank Reconciliation Process

    These set of articles provide a brief introduction to Bank Reconciliation Process. This topic not only discusses the meaning of bank reconciliation process but also discusses how this process in handled in new age ERPs and Automated Reconciliation Systems.

Explore Our Free Training Articles or
Sign Up to Start With Our eLearning Courses

Subscribe to Our Newsletter


© 2023 TechnoFunc, All Rights Reserved