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Meaning of cash management systems
The primary meaning of "cash management systems" refers to the process of managing and optimizing an organization's cash flows, including the collection, disbursement, and investment of cash.
Etymology of cash management systems
The term "cash" originates from the Old French word "caisse," meaning "box" or "chest," which referred to a container for storing money.
The term "management" comes from the Old French word "management," derived from the Latin "manus," meaning "hand," and "agere," meaning "to lead" or "to guide."
The concept of cash management has evolved over time, with the development of new financial technologies, instruments, and systems.
Synonyms
Definitions
- Cash management systems refer to the methods, procedures, and technology used to manage an organization's cash flows, including the receipt, disbursement, and investment of cash.
- * These systems aim to optimize cash flows, minimize cash balances, and maximize returns on investments.
- * Effective cash management systems enable organizations to make informed decisions about cash allocation, funding, and investment.
Usage Examples
- The company implemented a cash management system to improve its liquidity and reduce its debt.
- * Effective cash management systems are essential for small businesses to manage their cash flows and stay afloat.
- * The bank's cash management services include account reconciliation, payment processing, and investment advice.