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What Exactly Is Cash Management?

May 30, 2013 − by Keith − in Blog − Comments Off on What Exactly Is Cash Management?

Cash management is one of the most important parts of any organization.  It is very embarrassing to not have the available funds when you need them to pay a certain bill or vendor.  By effectively managing your cash you can always have the most optimal amount of cash available to fulfill any debts that your company may have, but not so much cash that you are allowing it to sit in accounts when it could be earning you money elsewhere.

At Ledgewood Group, cash management is one of our specialties.  Cash in any organization is often used to fund payroll, pay vendors as well as dividends to shareholders.  As companies grow, their cash needs become more complicated and often cross continents.  Having the correct amount of cash available in the right currency at the right time is extremely important to effective global cash management.  Is your treasury department doing all that it can to manage its cash visibility or  available reserves?  If not or you want to do more, call the Ledgewood Group today!

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