Cash concentration
Cash concentration is the transfer of funds from diverse accounts into a central account to improve the efficiency of cash management. The consolidation of cash into a single account allows a company to maintain smaller cash balances overall, and to identify excess cash available for short term investments.The cash available in different bank accounts are pooled into a master account. The advantages of cash concentration are 1) Cash control2) Cash visibility
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Cash concentration
Cash concentration is the transfer of funds from diverse accounts into a central account to improve the efficiency of cash management. The consolidation of cash into a single account allows a company to maintain smaller cash balances overall, and to identify excess cash available for short term investments.The cash available in different bank accounts are pooled into a master account. The advantages of cash concentration are 1) Cash control2) Cash visibility
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Cash concentration is the tran ...... Cash visibility
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December 2009
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Cash concentration is the tran ...... Cash visibility
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Cash concentration
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