What is the process of Cash Management?

Cash management involves overseeing, evaluating, and regulating cash flow. The goal of cash management is to guarantee that the organization possesses sufficient cash to fulfill all responsibilities.

Managing cash for businesses requires maximizing cash and other liquid resources, investing in suitable avenues, and reducing operational and overhead expenses.

It is intricate and multifaceted, incorporating various parties, schedules, and significant financial resources. Today, through solutions such as RazorpayX Business Banking+, companies can leverage automation and technology to enhance the efficiency and accuracy of cash management.

How does Cash Management Work?

Cash management involves the daily oversight of cash inflows and outflows. Cash is among the most essential assets one can possess, and effective management of cash and cash equivalents can greatly enhance the liquidity and financial health of the organization.

Corporate cash management involves overseeing the cash holdings of a company. Corporate cash management includes a CFO, finance analysts, business managers, and others. They evaluate and monitor various metrics to guarantee the effectiveness and stability of the cash management strategy.