A study by Fachhochschule des Mittelstands (FHM), the SME University in Bielefeld, revealed that the demands placed on finance and liquidity management have increased, leading to the proliferation and professionalization of cash management systems. In the study, 280 SME finance managers were surveyed and when compared to previous studies there is now a greater proliferation of professional cash management systems in the SME sector. 

Other findings:

• Bank systems are coming to the fore, more than half of those surveyed (55%) use a cash management system (36% in 2015)
• Only a quarter of those surveyed use offerings from major software developers, use of apps decreasing despite higher functionality, greater sensitivity for fraud prevention
• Third study by Fachhochschule des Mittelstands (FHM) on liquidity management in SMEs