If a company provides credit without assessing clients' creditworthiness or monitoring late payments, it risks slower cash flow and accumulating unpaid bills. Cash is essential for a business's survival, as it must cover costs, repay investors, and fund growth. While profits can be adjusted, cash flow is a clear indicator of a company's financial health. https://www.managecfo.com/news/significance-of-cash-management-for-your-business-success-nwid-103.html?utm_source=google&utm_campaign=managecfo_topslider