What is cash management in SAP FS-LMS - Liquidity Management Suite?

SAP Term: cash management

• Component: FS-LMS

• Component Name: Liquidity Management Suite

• Description: The processes and techniques used to monitor and control the movements of cash into and out of the organization.

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• Key Concepts: 
  Cash management is a component of the SAP FS-LMS Liquidity Management Suite. It is a tool that helps companies manage their cash flow and liquidity. It provides visibility into cash positions, forecasts cash flows, and helps to optimize liquidity. It also helps to identify and manage risks associated with cash flow. 
  
  How to use it: 
  Cash management can be used to monitor and analyze cash flows, identify potential risks, and optimize liquidity. It can be used to forecast cash flows, track payments, and manage liquidity. It can also be used to identify opportunities for investments or other financial activities. 
  
  Tips & Tricks: 
  When using cash management, it is important to ensure that all data is accurate and up-to-date. This will help to ensure that the forecasts and analyses are reliable. Additionally, it is important to regularly review the data and make adjustments as needed. 
  
  Related Information: 
  The SAP FS-LMS Liquidity Management Suite also includes other components such as Cash Flow Forecasting, Cash Flow Optimization, and Risk Management. These components can be used in conjunction with Cash Management to provide a comprehensive view of a company’s financial position.