A STUDY ON CASH MANAGEMENT IN CHERRYTEC

INTRODUCTION
Cash Management is the effective planning, management and monitoring cash and cash equivalent resources with a view to minimizing costs, maximizing returns and controlling cash flows. Cash is a companys livelihood. Cash management strategies include budgeting, keeping financial records, maximizing the interest earned on checking and saving accounts, and regularly preparing financial statements, such as net worth and cash flow.

COMPANY PROFILE
Cherrytec was incorporation in 1998, it is completely customer oriented, we align internal processes and methodologies to client requirements. Add to this, comprehensive consulting & management expertise, innovative problem solving methodologies, continuous communication and timely delivery and you have the ideal partner for a wide range of IT services. SAP practice is primarily responsible for providing different services.

INDUSTRY PROFILE
Software remains one of the most innovative and fastest growing sectors of the global economy, generating revenues of more than $150 billion every year. Companies including Microsoft, and Sun are all jockeying to push Web-based software to the next level, developing a new class of applications loosely referred to as Web services. Designed from standardized building block components, Web services can theoretically be assembled in a variety of ways, allowing companies to develop business applications that function across a variety of software and hardware platforms.

OBJECTIVES
Primary Objectives
To study the cash management in Cherrytec Intelisolve Limited.

Secondary Objectives
To know sources of cash outflow & inflow in Cherrytec Intelisolve Limited. To identify the sources & uses of funds for previous 5 years. To find out the profitability of the company for previous 5 years. To provide the suitable suggestion for improving the cash management in Cherrytec Intelisolve Limited.

NEED FOR THE STUDY

The study concentrates on the cash inflow and outflow of the company. Cash management also helps during inadequacy & controlling cash flow & risk involved. Cash management needs to conduct their operations to pay their obligation and to provide returns to their investors. Cash is the most liquid asset that a business owns.

SCOPE OF THE STUDY

The study indicates the cash requirement needed for operating, investing & financing activities. The study reveals the liquidity position of the firm by highlighting the various sources of cash & its uses. The study also provide timely information necessary for proper control and oversight of cash flows. To find strategies for efficient management of cash.

LIMITATION OF THE STUDY

The study is restricted only for Cherrytec Intelisolve Limited and not applicable for other company. The study is not an in-depth one. The study is applicable for Indian Economy. The study calculated only for previous 5 years. Because study duration was for 45 days only.