Cash Management: What Is It?

August 9, 2023 | Categories: Personal Finance

Importance of Cash Management

Cash management refers to the day-to-day process of gathering and managing one’s cash flow.

In business, cash management is typically handled by an individual or the team running the company to optimize financial performance. Effective cash management can also be important for individuals when they are setting personal budgets; the same principles can be highly profitable.

We’ll take a look at what cash management is, how cash management can benefit your finances, and a couple of potential problems to avoid at Sofi.

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