Centralisation of cash management: still advisable?

Aim: This article builds upon recent evidence that centralisation of cash management activities, often advocated by enthusiast protagonists from the academic, corporate and consultancy world, has given way to decentralisation thereof. The aim is underpin idea such moves may be good. Research design: provides an historical overview on starting in 1980s, stagnating later reversing recently, not just for reasons political tensions pandemic reasons. Findings: There are structural firms being more critical management, including still lasting limits its implementation changes finance sectors. Originality: present study argues rightfully decentralise while also making clear there no “one fits all” solutions issue. Implications: Firms want overthink organisation their light new developments. Follow-up research terms case studies surveys help further guide them. Keywords: (de-) centralisation, role banks JEL: B27, G20, L23