Transformation of approaches to defining the essence of corporate cash flow management

Cash flow management is an essential component of a corporation’s financial management system. The formation of knowledge of the essence of cash flow management determines the effectiveness of achieving the goal of financial management. The specifics of the “cash flow” category when considering the essence of its management necessitates the use of a synthesis of a systemic and process approach within the framework of the applicable general theory of management. The emergence of new financial assets, tools, and methods requires modification of both the elements of the system and the stages of the cash flow management process. The possibility of using financial market instruments at the corporate level in the form of specialized banking services makes it necessary to consider the essence of cash flow management as a banking service cash management (“Cash management”). The use of modern approaches such as financial engineering, digital finance, and ESG finance improves the applied aspect of cash flow management through the use of new models and technologies for automation, optimization, and innovation in financial services and processes, taking into account the impact of ESG on cash flows.