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Cash management is an accounting process that involves the collection, concentration, and disbursement of cash. It is a critical component of financial management, as it helps to ensure that a business has sufficient funds to meet its obligations. Cash management involves the use of various tools and techniques to manage cash flow, such as budgeting, forecasting, and liquidity management. It also involves the use of banking services, such as electronic payments, to facilitate the transfer of funds.
Cash management is an important part of financial planning, as it helps to ensure that a business has sufficient funds to meet its obligations. It also helps to reduce the risk of cash flow problems, as it allows businesses to better manage their cash flow.
There are a number of companies that provide cash management services, including banks, accounting firms, and financial services companies. These companies provide a range of services, such as budgeting, forecasting, liquidity management, and electronic payments. They also provide advice and guidance on cash management strategies. Show Less Read more
