First new business research on cash management in 10 years Anyone who thinks of cash as a relic of the past is in for a big surprise. Nearly two-thirds (57%) of companies do not foresee themselves ever becoming completely cashless, according to the first new research on cash management in nearly a decade. Although most organisations think cash is here to stay, the research ...

Introduction In a remarkable turnaround driven by a change in consumer behaviour, 2024 looks like the year that organisations will be looking to blend physical cash acceptance with smart digital technology. This is a far cry from the post-Covid-19 pandemic when the world thought cash was literally to be avoided like the plague. In this article, we explore the reasons for the resurgence in ...

Every company that handles cash is exposed to the same relentless challenge - cash shrinkage. For Loss Prevention Officers, finding and plugging the leaks in your company’s cash management will demand you develop a hawk eye for detail and bullet proof processes.You also need to keep up with the latest technology to make you as effective as possible in your role. But where do you ...

Your cash management processes can play a big part in the operational performance and resilience of your business. A recent study by EY-Parthenon found that of 5,000 of the top largest public companies tracked globally, those with better cash management were 19% more resilient than their low-performing peers while 21% were better at limiting initial shocks caused by market downturns. From a Operations Director’s ...

The boundaries of traditional cash management practices have been blown wide open with the arrival of cloud technology.In an age where businesses are constantly seeking efficiency, transparency, and agility, cloud connectivity has emerged as a critical component in meeting the demands of organisations to streamline their financial operations.The scalability and flexibility of cloud services could reach $600 billion this year alone, and according to the ...

Cash still matters. In today’s digital payments age, cash transactions remain vital for many businesses, across many industry verticals.According to the European Central Bank, cash was used for 59% of point-of-sale transactions in 2022, despite a continuing decline in overall market share versus electronic payments.This is evidenced further by the Bank for International Settlements, which maintains digital payments have not yet fully overtaken cash. Public ...

The number of payments made using physical cash has risen for the first time in a decade, with a 7% increase compared to 2022 figures, according to UK Finance. This is a clear signal to finance directors that cash is still an important part of daily life for both businesses and consumers when paying for certain products and services. A world without cash is ...

Many companies are trying to wean their customers away from cash payments, but some are fighting against this loss of choice. In fact, 2023 saw the use of cash increase for the second year in a row according to figures from the Nationwide Building Society in the UK.Cash seems to have a stronghold for particular types of transactions, such as bus fare payments. Now is ...

Just as some people were about to pronounce the death of cash – it looks like it is making a comeback. In 2023, cash use in the UK increased for a second year running, after a decade of decline. There is now also a movement being championed by UK media and involving politicians to recognise the continuing relevance of cash - and even protect access ...