BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Payable Management
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Financial Management
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Receivable Management
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Liquidity Management
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Detailed explanation-1: -Baroda Cash Management Services (BCMS) is a software application that facilitates management of customers’ fund, particularly, of corporate customers. BCMS is our thrust area and technology advantage helps us in delivering superior products.
Detailed explanation-2: -The Cash Management Services enables faster realization of funds and thus giving the ability to sell more while lowering need for working capital and knowing which invoices have got paid. Bank of Baroda’s Pan India network of branches means convenience for depositing your receivables – cheque, cash and electronic.
Detailed explanation-3: -Cash management is the process of collecting and managing cash flows from operating, investing and financing activities. A cash management system allows you to manage cash handling from end-to-end and help automate it through to reconciliation.