Cash Management

CAB CALLING July-September, 2008 Cash Management and Payment Developments in India : pious platitude Offerings and New Corporate Best Practices Niraj Vedwa* Cash prudence is a broad term that refers to the collection, concentration, and disbursement of cash. It encompasses a companys level of liquidity, its management of cash balance, and its short-term investment strategies. In some ways, managing cash flow is the most important chisel of line of descent managers. Having a traditional paper-based clearing system involving not only high processing cost but overly security risk, cash management in India has certainly undergone a paradigm change. From a product-centric approach, the focus for almost each(prenominal) banks at present has shifted emphatically towards the customer. And, success is all about bringing the upper limit possible delivery channels to the prospects doorstep. In the rapidly transforming world of business, banking faces its biggest challenge yet - constant change. With both bank seeming to offer all services possible, efficiency, coupled with innovative value added solutions, have emerged as the key business differentiators that affect a banks bottom line.

Confronted with fall deposits/margins, rising customer expectations, and intensifying competition, banks must at all ms strive to be a step forwards of industry standards. At the * President, Head Global Sales & Marketing, kernel Software, New Delhi 58 CAB CALLING same time, they cannot lose sight of extension risk, a natural by product of the increasingly knotty relationships in todays dynamic markets. For some time now, technology has been the key driving force behind any successful bank. In such an environment, the ability to recognize and get down market share depends entirely on the banks competence to evolve technically and offer the customer a seamless process flow. The objective of a cash management system is to improve revenue, maximize profits, minimize costs and draw efficient... If you want to get a full essay, order it on our website: Ordercustompaper.com

Ordercustompaper.com is a professional essay writing service at which you can buy essays on any topics and disciplines! All custom essays are written by professional writers!