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Cash Management Made Easy
English | 136 pages | PDF | 1 MB
IMPROVING CASH MANAGEMENT practices is one of the most important issues of the financial world. Technological advances and the broadening availability of the Internet provide exciting, cost-saving cash management tools. The Financial Management Service (FMS), a bureau of the Department of the Treasury, is making full use of emerging technologies to improve the management of the Federal Government’s finances.

FMS’ vision is to move toward an all-electronic Treasury, maximizing the use of technology and providing Federal agencies with comprehensive electronic commerce solutions. The integration of e-commerce technologies in the payment and collection infrastructure will result in:

â–  timely and accurate disbursement of Federal payments within the optimal payment processing environment, and

â–  timely collection of Federal Government receipts at the lowest cost.

The cost savings realized by the integration of technology into the Federal Government’s cash management tools lessen the Government’s borrowing requirements and the interest paid on that debt, thus saving taxpayers’ money. As the Internet becomes the standard for how business is transacted, taxpayers (individuals and businesses) will want the convenience and the choice of interacting with the Federal Government in a similar fashion as they would conduct business transactions with the private sector.


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