"Cash-Management" is the efficient management of cash and liquidity assets of a company to ensure it has adequate funds at all times to finance ongoing business activities and meet financial obligations. Cash management involves planning, monitoring, and controlling all inflows and outflows, as well as optimizing cash flows to maximize liquidity and minimize financial risks.
Typical functions of software in the "Cash-Management" domain include:
Liquidity planning: The software supports the creation of liquidity forecasts and analyses to predict the need for cash and liquidity for various periods and ensure that sufficient funds are available.
Account balance monitoring: The software allows for real-time monitoring of account balances and cash flows to gain an accurate overview of the company's financial situation and identify potential liquidity shortages early.
Payment transactions: The software facilitates the processing of payments and transactions through various channels such as electronic transfers, checks, or payment cards to optimize payment flows and achieve payment objectives.
Liquidity management: The software provides features for managing bank accounts, cash pools, and other liquidity instruments to efficiently control and maximize liquidity.