Cash flow management is, at its core, putting the company’s working capital to optimal use by:
Due to the increasing need to improve cash management with market volatility and unpredictable cash flows, enterprises should follow certain cash flow management strategies to keep a positive cash flow.
The following are the four pillars of best in class cash flow management:
The following cash flow management strategies should be followed to achieve the four pillars:
If an enterprise’s cash management software frequently needs manual intervention to consolidate and aggregate data, then it leads to low cash visibility that hinders making data-driven decisions for the organization. With cash management automation, an organization can eliminate manual workflows and empower its team to concentrate on achieving strategic endeavors that drive value for the business.
Key features of HighRadius’ cash management solution
HighRadius’ cash management solution can help enterprise treasury by providing the following features:
The HighRadius™ Treasury Management Applications consist of AI-powered Cash Forecasting Cloud and Cash Management Cloud designed to support treasury teams from companies of all sizes and industries. Delivered as SaaS, our solutions seamlessly integrate with multiple systems including ERPs, TMS, accounting systems, and banks using sFTP or API. They help treasuries around the world achieve end-to-end automation in their forecasting and cash management processes to deliver accurate and insightful results with lesser manual effort.