What services do we cover in Cash and Bank Management?

• Cash Flow Analysis: Conducting regular analysis of cash inflows and outflows to assess liquidity and identify trends.
• Cash Position Monitoring: Tracking the daily cash position to ensure that there is sufficient liquidity to meet operational needs.
• Working Capital Management: Implementing strategies to optimize working capital by efficiently managing cash, receivables, and payables.
• Forecasting and Budgeting: Developing accurate cash flow forecasts and budgets to plan for future financial needs and commitments.
• Bank Reconciliation: Conducting regular reconciliations to ensure accurate recording of transactions and maintain the integrity of financial records.
• Fraud Prevention: Implementing controls and measures to prevent and detect fraudulent activities related to cash and bank transactions.
• Bank Relationship Management: Managing relationships with banks to negotiate favorable terms, fees, and services.
• Bank Fee Analysis: Analyzing bank fees to identify potential cost-saving opportunities and optimize banking relationships.
• Training and Education: Providing training and education to internal teams on cash management best practices and relevant financial tools.