What it is
Cash management services help a business move money efficiently: bulk salary and supplier payments, collecting from customers across channels, sweeping balances between accounts, and seeing every account's position in one place. They are usually delivered through a bank's corporate online platform.
They suit businesses with many payments or many collection points — distributors, retailers with branches, payroll-heavy firms — where manual banking costs time and creates errors.
How to compare
Payment channels supported
CEFTS, SLIPS, cheques, and file uploads from your payroll or ERP system.
Approval workflows and controls
Maker-checker approval and limits per user protect against fraud.
Collections options
Virtual accounts, cash pickup and agency collections speed up receivables.
Liquidity tools
Automatic sweeps keep idle balances earning.
Integration and reporting
Statement formats your accounting system can import.
What the bank will ask for
- An existing business current account with the bank
- Board resolution for the service and user mandates
- KYC for authorised users
- Expected payment and collection volumes
Requirements vary by bank and facility size; this is the usual starting list.
Related business services
Business Current Accounts
The everyday account a business runs on — cheques, transfers, online banking — and how to pick one that fits your volume of transactions.
Merchant Payment Services
Accept cards, QR and online payments — terminals, LankaQR, payment links and e-commerce gateways, and what each really costs.
Business Fixed Deposits
Put surplus business cash to work for a fixed term — how corporate deposits work, what to compare and how to keep them safe.
Not sure which bank fits your business?
Send one enquiry; we'll come back with the options that match.