Study on Cash Flow Management: With Reference to Bharat Heavy Electrical Limited, Haridwar
5 Pages Posted: 29 Jan 2019
Date Written: January 6, 2019
Cash flow management is the corporate process of collecting and managing cash, as well as using it for (short term) investing. It is a key component of insuring a company’s financial stability and solvency. In business anything done financially affect eventually, cash is the crucial for ever business, every company has to have cash on hand or at least access to cash in order to be able to pay for the goods and services it uses and consequently, to stay in the business as on simple it can be said that the company has to viable of managing its day to day operation. Cash movement in a business is two-way traffic. its keep on moving in and out of business. The inflow or outflow of cash never coincides, the cash management is one of the effective tools to maintain and manage the cash which is the king of business. Cash management can be effectively done using various cash management techniques which is in practice. working of various cash management techniques like cash flow synchronization, speeding up collection controlling payments, cash flow forecasting and etc. important aspect which is unique to cash management is time dimension associated with the movement of cash the primary aim of cash management is to ensure that there should be enough cash availability when the needs arises, not to much but never to little.
Keywords: Cash Synchronization, Controlling Payments, Financial Stability And Solvency
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