Cash management best practices

Cash management best practices
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Cash management best practices are essential for a company's financial management. Cash is the amount of cash available to a business at any given time. It can be used to pay debts, current expenses, investments and day-to-day business operations. However, poor cash management can lead to liquidity problems and ultimately business bankruptcy.

How to manage your cash effectively?

Cash management brings together all the decisions, rules and procedures that ensure the maintenance of the company's instantaneous financial balance at the lowest cost. Its primary objective is to prevent the risk of insolvency. The second being the optimization of the financial result (end income – end expenses).