define cash management services are bank or financial services that are specific in assisting businesses manage the cash flow in an efficient manner. These services are money handling, automated collection, account reconciliation, funds transfer and liquidity management. These services are provided by financial institutions so that businesses can know the real time position of their cash and have control over their cash positions. Cash management services with the help of technology and automation will increase precision, lessen human effort, and improve financial performance. They come in handy particularly in firms managing a variety of accounts, large volumes of transactions or in firms with complicated financial transactions. Finally, cash management services also assist in the maximization of cash and business profitability.
