Cash Management in Textile Industry - A Comparative Study in Arvind Mills Ltd. and Raymond Ltd.

When it comes to creating and sustaining a company's financial stability, cash management is a key component. Since "cash" is the primary asset used to pay obligations (whether you're an individual or a company), it must be managed accordingly to maximize earnings. This impacts future growth for the company. Maintaining cash balances while earning a return on idle cash are also top concern. Most of the time, cash management can be integrated with your company's online banking. That way, you and your business administrators have access to funds all day, every single day. If you fully integrate your business with online banking, it will provide you with greater control of your cash flows and accessibility. This is typically customizable, as each business is different and might require a different suite of cash management options and services.