Sanjoy27
Gm Finance
Vishu
Software Prfessional
+1 Other

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What is cash management system and how it is applicable in an organistaion? specially when the is company is not a financial or a bankink firm. for ex. cash management in airtel.
how it is aplicable in airtel.

From India , Thana
Dear Vishu
The term Cash Management is a Financial jargon and is applied to any Company which has huge cash collections , generally at various locations across the country or Globe. The philosophy entails very efficient mechanism of cash collection, seamless transfer of funds from all location to a single or few locations, low cost of transfer of funds, maintaining minimum balance required in the units to run their projected cash flow.
The Cash Management also involves tie uo with large banks like Deutsche bank , HSBC or SBI which provide tailor made solutions to corporate to meet their business needs and demands.
This is akin to working Capital Management. In case of any more clarification, you may contact me at

From India , New Delhi
Despite some people calling for the end of cash payments and some businesses opting to go cashless, cash transactions are still commonplace. This puts twofold pressure on businesses. One, you have to keep cash as a payment option because many of your customers want to pay with cash. At the same time, you need to be sure you’re handling cash in a cost-effective way. If you’re not, it may be costing you too much to accept cash payments.
The Components of a Cash Management System
At heart, there are two major components of any system designed for cash management. The first is hardware. These are the devices that help you streamline your activities.
A cash counter is one example. This device automates cash counting, eliminating the need to manually count.
Another example is the coin and bank recycler. This more robust device counts cash much like the cash counter, but it also does more. It accepts cash from your cashiers, tallying and sorting the bank notes. It records the amount, then makes the cash available to dispense again.
Since the machine monitors all ins and outs, it keeps better track of cash as it cycles through the business. At the end of the day, the machine has a record of how much cash you have, along with every transaction you handled.
The other component of a cash management system is software. This allows you to run the machines, as well as to collect information and create reports. This software also allows you to reconcile cash with ease.
The Benefits of a Cash Management System
Some of the benefits of a cash management system are clear. For example, using automated machines frees up your employees’ time and speeds up the process of counting and reconciling cash.
It also reduces errors and improves security.
By freeing up your employees’ time, it can also help you improve customer service and productivity within your business. This also reduces the costs of handling cash within the business.

From India,
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