Effective cash management is no longer as simple as receiving the best deposit rates. Increasing regulation, tighter budgets and further globalisation of world economies have all led to a rise in the importance of world class cash management for Public Sector.
The main purpose of cash management is to ensure the availability of funds for short-term and long-term obligations. This is particularly relevant as tighter budgets become a reality for Public Sector entities across the globe. Governments are being encouraged to find efficiencies, reducing the cost to serve whilst still needing to maintain the push around innovation and security.