Through smart cash management practices, businesses and government agencies of all sizes can:
* Improve cash flow
* Accurately assess their cash position throughout the day
* Ensure that billing, collections and payable systems are operating efficiently
* Maximize excess cash through investments, reduced debt or reduced expenses
* Optimize investment earnings or reduce interest expense
* Strengthen accounting efficiencies, controls and oversight
* Accelerate accounts receivable
* Increase efficiencies and controls of accounts payable
Day-to-day cash management functions in a typical business include:
* Accounts receivable
* Accounts payable
* Cash position
* Short-term financing
* Short-term/overnight investments
* FX/Global Funds Transfer
* Accounting efficiencies/controls
2008