James Bashaw | What Is Cash Management?
What Is Cash Management? The process of gathering and managing cash flows from a company's operating, investing, and financing activities is known as cash management, often known as treasury management. It is a crucial component of a company's financial stability in business. According to James Bashaw , There are many services provided by businesses and individuals in the financial industry to assist with various forms of cash management. Usually, banks are the main source of financial services. For businesses and individuals looking to maximize the return on their financial assets or make the most effective use of their cash, there is a wide range of alternative cash management options available. The Value of Money James Bashaw said The main resource people and businesses utilize on a regular basis to pay their debt commitments and operating expenditures, such as taxes, employee wages, inventory purchases, advertising costs, rent, etc., is cash. For lo...