An integrative action research on improving cash management through the development and use of cash forecast

• Main Author: Escala, Julius D.
• Format: text
• Language: English
• Published: Animo Repository 2017
• Subjects: Cash management; Business enterprises > Finance
• Online Access: https://animorepository.dlsu.edu.ph/etd_masteral/5814
• Institution: De La Salle University

Cash is an asset that is vital to any organization that requires significant management attention. As for Power Sector Assets and Liabilities Management Corporation (PSALM), it is an important asset that would allow it to accomplish its mandates and goals. To attain this, effective cash management methodology, such as cash forecasts, should be put place. However, preparing an effective cash forecast would require sufficient information that is acquired in a timely manner. Acquiring the appropriate information can be a difficult task given the complexity of an organizations operation and failure to acquire such information may cause uncertainties in cash management decisions. Thus, it is important that a proper tool or methodology is implemented to accomplish this. The use of technology offers a solution to this by providing an efficient way of gathering and processing information. But technology alone is not the solution, rather it should be combined with the coordinated actions of parties involved and sharing of information to attain an effective way of managing cash.