Efficient cash management as a source of profit

Abstract

The 2008 crisis outlined the great importance of treasury departments in companies and the change of mentality towards proactive and non-reactive management. In this work, a detailed explanation of the centralization system of the treasury, also known as cash pooling, is carried out. Nowadays this system is used by numerous companies worldwide, especially large companies with an international focus. Finally, information and communication technologies are of great importance within the company, especially in treasury management. The paper is illustrated by the case study of a water management company.

Keywords

• efficient management
• information and communication technologies (ict)
• financial resources management
• cash management
• financial institutions