Cash Management

Cash management refers to the process of collecting, handling, and using cash efficiently within an organization. It involves monitoring cash flow to ensure there are enough funds for daily operations, managing incoming and outgoing payments, and optimizing the use of cash resources. Effective cash management helps businesses maintain liquidity, plan for future expenses, and invest surplus cash wisely. By managing cash well, a company can avoid financial difficulties, capitalize on growth opportunities, and ensure it can meet its obligations on time. Ultimately, it is about ensuring that cash is available when needed while minimizing costs.