agree and reply this statement As well we know, cash management is one of the most important aspects of financial management. It involves the involves collecting, handling and usage of cash. Before I start to discuss the reasons for holding cash in an organization, I would like to initiate a discussion on its definition. Cash management refers to the efficient collection, disbursement, and investment of cash in a business. It encompasses the processes of a company and tools aimed at managing its cash flow to ensure that it has sufficient liquidity to meet short-term obligations while optimizing cash availability for investment or operational needs. Cash management is important because it ensures that a company can meet its liabilities as they come due, avoid unnecessary borrowing, and maximize the return on any excess cash. The key elements of cash management involve collecting, handling, and usage. Collecting is the processes by which a company gathers its cash inflows, such as through customer payments, sales, or receivables, ensuring that cash is collected efficiently and promptly to maintain liquidity. Handling refers to the proper management of cash once it is collected, ensuring that it is securely stored, deposited, or moved between accounts with minimal