Cash Management

Cash Management

Cash is one of the most important assets of any business, yet so many companies do not have a formalized cash management system. So many business owners concentrate on earnings, an accounting concept, rather than cash flow. Companies don’t file bankruptcy because they incurred an accounting loss; they bankrupt because they did not have the cash to pay their obligations. An effectively administered cash management system can be one of the most valuable tools available to management to enhance profits and drive value in their organization. An effective and efficient cash management program will consist of the following:

 

 

 

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