What is Cash Management?

       Cash Management is often described as the process by which an entity maximizes its available cash by the systematic management of cash collections and disbursements.  However, cash management goes beyond that description.

         Cash Management also includes the use of excess cash to generate investment income or reduce interest costs and provides a system of controls over collection, disbursement and use of cash.  Properly applied cash management techniques will:

• Generate more available cash.
  

• Convert idle cash into an earning asset.
  

• Provide an adequate supply of cash to meet emergency needs.
  

To manage your business more effectively call us at (701) 252-6190.