When it comes to cash management, there are two things to keep in mind. Firstly, you should carefully assess the cash level required to meet your business commitments.
Secondly, you must decide on how to invest idle funds to optimise the returns on your cash. While this cash isn't required for daily operational needs, it shouldn't lay idle as a cash stockpile.
Prudent management of your excess cash can have a significant impact on the ability to fund your business expansions and improve your business profitability.
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