Financial Software & Systems Cash Management Operation Interview Questions and Answers

Cash management process refers to the set of activities and strategies used by businesses to optimize their cash flow and liquidity.

• Cash management involves monitoring and controlling the inflow and outflow of cash within an organization.

• It includes activities such as cash forecasting, cash positioning, cash pooling, and cash concentration.

• Cash management aims to ensure that a company has enough cash on hand to meet it...read more

ATM reconciliation is the process of comparing the transactions recorded by an ATM with the bank's records to ensure accuracy.

• ATM reconciliation involves verifying the amount of cash dispensed by the ATM against the amount recorded in the bank's system.

• It also involves checking for any discrepancies in the number of transactions recorded by the ATM and the bank's system.

• ATM reconciliation is important for detecting and...read more