Common Misconceptions in Cash Management
The term “cash management” is a loaded one. For one, just the word “cash,” alone, has taken on a different connotation in the modern world of credit cards and contactless pay.
However, a business’s cash management strategy is one of the most important aspects of running a secure, efficient and profitable organization – and cash management extends to plenty of other “industries,” like the public sector, that also rely on it to streamline the way they go about day-to-day operation.
In this short clip, Tidel Vice President of Marketing David Barclay outlines some of the most common misconceptions and misunderstandings surrounding the current landscape of cash management. “One of the most common misunderstandings that we hear about in our industry is the notion that cash is going away or cash is dying,” he said. “That’s certainly not true. The facts are this – 70% of Americans are either underbanked or don’t have a bank account at all.”
That typically means that those citizens are paying in cash, making a cash management strategy not a luxury, but a necessity to retailers and other organizations with which these people will be interacting. Cash circulation also increases in stronger economies.
It’s not a cashless world, just yet.
Follow us on social media for the latest updates in B2B!
Twitter – @MarketScale
Facebook – facebook.com/marketscale
LinkedIn – linkedin.com/company/marketscale
Revolutionizing the Audit Process: Advancements in Supplier Assessments Within the Pharmaceutical Sector
Pharmaceutical companies invest significant resources in research and development to discover new drugs and therapies and improve existing ones. This involves rigorous testing, clinical trials, and obtaining regulatory approval before a drug can be sold. Government agencies, such as the Food and Drug Administration (FDA) in the United States, oversee the approval process and conduct […]
Lessons Learned in Disaster Response, Recovery, and Resiliency
Natural disasters are one of the most unpredictable, but expected forms of destruction that humanity can expect to happen anywhere and at any time. Unfortunately, many types of disasters result in the loss of life, in addition to wide-scale devastation. When it comes to educational facilities like schools, there’s a certain type of disaster response […]
How Open-Source IoT Solutions are Redefining the Edge
For the tech industry, finding solutions is a daily priority. So, the discovery of new and improved solutions is always a constant goal for the advancement of this. In a new episode of “To the Edge and Beyond,” host Michelle Dawn Mooney interviewed Intel Product Engineer Sean Williams, and IOTech CTO Jim White, to […]