Cash Management: Goal-Oriented Financial Management

Short-Term Cash Flow Management

The short-term perspective focuses on daily monitoring and management of cash flow. This includes receiving payments from customers, making payments to suppliers, contractors, and other creditors, and optimizing the timing of payments. It is also crucial to ensure that the company has sufficient free cash to meet daily obligations and that excess cash is managed in a way that maximizes its value.

Long-Term Cash Management

The long-term perspective focuses on the company's overall financial condition and strategic goals. This includes participating in the development of sales, procurement, and employee reward practices, analyzing credit needs, identifying optimal financiers, and shaping dividend policies. Long-term cash management ensures the company's sustainability and competitiveness.

Digitalization in Cash Management

Today, digitalization and innovative tools play an increasingly significant role in cash management. ERP systems (Enterprise Resource Planning) have become indispensable for many companies. These systems consolidate all critical financial data in one place, speeding up decision-making processes and providing a more accurate overview of the company’s current state. Digitalization takes cash management to a whole new level, offering real-time data and automating many time-consuming processes.

Whether it is short-term cash flow management or long-term strategic financial planning, effective cash management is the cornerstone of every successful business. Adopting digitalization and modern tools provides an additional opportunity to achieve even better results.