What is cash management in SAP LOD-CRM - Large Enterprise on Demand Customer Relationship Management?

SAP Term: cash management

• Component: LOD-CRM

• Component Name: Large Enterprise on Demand Customer Relationship Management

• Description: A service offered by a bank to collect, manage and invest liquid assets in the short term.

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• Key Concepts: 
  Cash management is a component of the LOD-CRM Large Enterprise on Demand Customer Relationship Management system. It is a tool that helps businesses manage their cash flow and liquidity. It provides visibility into cash positions, forecasts cash flows, and helps to optimize working capital. 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 flow, identify potential risks, and optimize working capital. It can be used to forecast cash flows, track payments, and manage liquidity. It can also be used to identify opportunities for cost savings and improve financial performance. 
  
  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 system is providing accurate information and forecasts. Additionally, it is important to regularly review the system’s performance and make adjustments as needed. 
  
  Related Information: 
  Cash management is closely related to other financial management tools such as budgeting, forecasting, and financial reporting. Additionally, it is important to consider the impact of external factors such as economic conditions when using cash management.