International Journal of Management IT and Engineering

This study sought to determine The Cash Management Systems in Government Institutions: A Case of a Mutare Polytechnic 2015-2018. In this study a total of 50 participants were involved. Questionnaires and interviews were used as research instruments. The purposive and convenience methods were used to provide information on how Mutare Polytechnic operates its cash management system and the challenges involved thereof. The study showed that government institutions like Mutare Polytechnic, while they have a very sound cash management system guided by treasury instructions, the cash management system poses a lot of critical challenges in running operations due to its rigidities mostly posed by treasury policies. The study recommends that the cash management policies and procedures manual should be revamped in a move to address the challenges associated with this system. This helps employees to have updated information on the cash management system, that is, due diligence and transparency on the management activity and this also shows standards of professionalism. This study also recommends that forecast cash flows must be accurate and current in order to have an accurate cash position daily, weekly or monthly. Bureaucracy is one animal that should be done away with. The Red, red tape is retarding expedition of implementing profits.