Cash management strategies are a set of tactics and procedures used by businesses to ensure that their cash flow is properly managed. This includes activities such as budgeting, forecasting, investing, and collecting receivables. Cash management strategies are essential for businesses to remain financially healthy and to meet their short-term and long-term financial goals. A good cash management strategy should help businesses to maximize their profits, reduce their costs, and minimize their risks. It should also help businesses to manage their liquidity and optimize their working capital. Additionally, cash management strategies can help businesses to manage their cash flow more efficiently, which can lead to increased profits and reduced costs. Ultimately, a good cash management strategy should help businesses to achieve their financial goals in a cost-effective and timely manner.