Description
CMS is a software solution that helps in managing a company’s cash across various different bank accounts and other types of liquid investments.
Example
Kyriba, Netsuite, Quickbooks
Why it matters
A company may have multiple bank accounts (sometimes across locations) and needs to ensure that each is appropriately funded to make payments. At times, cash may not be efficiently kept in a checking account, but could be lying in liquid investment accounts such as a certificate of deposit (CD). CMS can help in organizing such aspects while also managing security deposits for a company’s office space.