BANKING AFFAIRS

Detailed explanation-1: -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-2: -When finance professionals discuss services under the “cash management” umbrella, they’re usually referring to services such as wire transfers, sweep accounts, merchant services, and business credit options.

Detailed explanation-3: -Cash management services include managing incoming money from customers with receivable solutions and at Point-of-Sale terminals. Services covered under cash management include paying your vendors, investors, and employees.

Detailed explanation-4: -What Are the Types of Cash Management? Two types of cash management are managing inflows (receivables) and managing outflows (payments).