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Cloud technology is advancing fast. Today, we are at a juncture where we have full-suite cloud ERP systems replacing on-premise solutions. Simply put, cloud computing is computing based on the net.

The cash management module within an ERP system mostly deals with the overall cash flow of the organization. It keeps a track of the bank transactions, cash transactions, sales invoice receipts, standalone payments and payments that are due for allotment.

In today's fast paced world, time is money and something that saves time is considered to be even more precious than money itself as it would subsequently turn out to be saving more time which would equate to more money.

An increasing popularity of enterprise technology and cloud computing is paving the way for transforming ERP solutions and opening up new ways for companies to do business with its clients, interact with its employees, stakeholders and suppliers.

The cloud journey has immensely benefited organizations with virtual office. Until recent past a major challenge companies faced was deputing professionals remotely. Many professionals refute to work remotely due to a higher cost of living.