The definition of cash management means the effective planning and monitoring of cash in a multinational envir onment, in practice it means making the most of corporate monies. In an age when prolific cross-border investm ent complicates cash flows, cash management is approached with the view of minimizing costs and maximizing ret urns. Keeping tabs on cash movement and reducing the risks presented by the disparate methods of banking encou ntered around the world is of paramount importance to today's corporate treasurer.