Banking · Cash Management Services Operational Impact
Consider the following statements regarding the operational impact of Cash Management Services (CMS): Statement I: Cash management services primarily focus on reducing the operating cycle by accelerating the collection of receivables through localized collection networks. Statement II: A sophisticated CMS platform provides seamless real-time integration with a corporate's Enterprise Resource Planning (ERP) system, eliminating manual data entry risks. Statement III: Banks offering CMS typically include automated regulatory compliance features that deduct Goods and Services Tax (GST) from all incoming customer payments prior to crediting the corporate's account. Based on the statements provided above, which of the following are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I, II and III
- 2Only II and III
- 3Only I and II✓
- 4Only I
Correct answer
Only I and II
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