Abstract
The implementation of single‐account cash management systems provides corporate treasurers with better visibility and greater control over cash. Firms should reexamine their internal processes and look for opportunities to implement a payments‐on‐behalf‐of (POBO) and collections‐on‐behalf‐of (COBO) as part of a single‐account cash management system. It provides significant cost savings and reduces risks associated with cash management. Many financial institutions such as banks have set up the services needed to do single‐account cash management. Therefore, treasurers should look to single‐account cash management systems as a means to achieve the next level of efficiency in cash management. © 2015 Wiley Periodicals, Inc.
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