This Cash Management Procedure Manual is in word Document. It can be edited as you want by changing its structure according to your hierarchy in the company Finance Department. You can add or remove paragraph or sentences or pages according to your company requirement.
The ultimate goal of cash management is to maximize liquidity and minimize the cost of funds.
WHY IS CASH MANAGEMENT IMPORTANT TO MY BUSINESS?
When it comes to creating and sustaining a company’s financial stability, cash management is a key component. Since “cash” is the primary asset used to pay obligations (whether you’re an individual or a company), it must be managed accordingly to maximize earnings. This impacts future growth for the company. Maintaining cash balances while earning a return on idle cash are also top concerns.
If you fully integrate your business with online banking, it will provide you with greater control of your cash flows and accessibility. This is typically customizable, as each business is different and might require a different suite of cash management options and services.
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