Optimising Cash Management in a Challenging World

The COVID-19 pandemic has severely impacted global enterprises who have seen a downfall in products and services, which in turn has placed a sharp focus on organisations’ cash visibility.

Treasury departments of large and medium-size multinationals are facing ever-increasing challenges to achieve optimal working capital utilisation, to ensure financial supply chains have enough cash to support business operations.

Monitoring global cash positions and credit facilities across multi-currency accounts and cross border jurisdictions has never been more important as companies divert cash to where and when it is needed.

This paper seeks to explore some of the traditional and non-traditional cash management tools corporate treasury departments have adopted in their quest to obtain real-time cash visibility, eliminate idle and surplus cash balances whilst maintaining their competitive edge in the marketplace.