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 its financial obligations while maximizing the return on exc...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 preventing fraud, as well as ensuring accurate financial ...read more