A cash management system is mainly used to manage liquidity, payments, account balances, and cash flows (outflows, inflows, or within the firm). Cash management refers to a broad area of finance involved in the collection, handling, and utilization of money. It is a marketing term for certain services related to cash flow, offered primarily to bigger business clients. Cash management systems offer advantages such as zero balance accounting, cash concentration, and management of multiple bank associations from a central point. They have cash positioning and cash forecasting capabilities, which help in efficient decision making regarding cash management. Furthermore, cash management systems based on cash demand forecasting help banks in enhancing the returns on their cash resources and reduce operational costs. In addition, cash management systems have the capability to improve cash sweeping and cash pooling. The global cash management system market is mainly driven an ...