This course provides a comprehensive understanding of the
principles of cash management, including payment systems, disbursements,
collections, funds concentration, and cash flow forecasting. By taking this
course, participants will develop a solid grasp of these principles and learn
the best practices that businesses use to manage their cash effectively. The practical
knowledge acquired through the course can be applied to real-world scenarios,
resulting in better cash management and ultimately, more successful businesses.
Identify the key participants and parties involved in the payment process
Differentiate between settlement and finality in payment systems
Evaluate the various payment instruments and methods available for businesses
Analyze the risks and opportunities associated with different disbursement products
Compare and contrast domestic collection products with cross-border collection and trade management products
Define the objectives of funds concentration and the techniques used to achieve them
Analyze the uses, issues, and opportunities associated with cash flow forecasting
Differentiate between short-term and medium-to-long-term cash flow forecasting methods
Evaluate the statistical methods used in cash flow forecasting
Apply best practices in cash flow forecasting to real-world scenarios
Payment Participants
Payment Process
Settlement versus Finality
Payment Method
Parties Involved
Payment Characteristics
Cash
Paper-Based
Electronic Funds Transfer (EFT)
Card-Based
Disbursement Products
Payments Fraud Managing
Disbursement Information
Domestic Collection Products
Cross-Border Collection and Trade Management Products
Objectives of Funds Concentration
Concentration Techniques
Concentration Practices
Uses for Cash Flow Forecasts
Issues and Opportunities in Forecasting
· Forecasting Horizon
· Update Frequency
· Projected Closing Cash Position
Cash Flow Components
Degree of Certainty
Data Identification and Organization
Selection and Validation of the Forecasting Method
Short-Term Cash Flow Forecasting Methods
Medium- and Long-Term Cash Flow Forecasting Methods
Statistical Methods in Forecasting
Best Practices in Cash Flow Forecasting
Financial Analysts=Accountants=Treasury Managers=Cash Managers=Chief Financial Officers (CFOs)=Finance Director=Controllers=Financial Planners and Advisors=Investment Bankers and Credit Analysts.
