Elaboración de un modelo de manejo de efectivo, para las Cooperativas de Ahorro y Crédito del Ecuador, caso de aplicación Cooperativa de Ahorro y Crédito "Juventud Ecuatoriana Progresista" Ltda., período 2014

Abstract

Credit Unions need advanced techniques for the administration and establishment of cash levels to be maintained in their offices. For this reason, it is necessary to devise a model of cash management based on the analysis of the demand of cash by partners, maintenance costs, and opportunity costs, an analysis which will contribute to the improvement of the results and the quality of service and attention to its partners. Among the main sources of information for the construction of the model for cash management were interviews to the Finance Management and the Operational Management, as key personnel in the administration of available funds JEP Credit Union and who contributed to the identification of the variables to be considered to design the cash management model that optimizes the balance of each one of the cash boxes of a Credit Union; at the same time, cash box closings, Balance Sheets, monthly invoicing reports of the transportation of values, analysis of cash flows, and money demands of the partners were analyzed. With the information classified, validated, and organized by office JEP Credit Union, the methodologies of Baumol and Miller Orr were analyzed and applied; and from the results obtained, it is estimated that the model that is closest to the operational dynamic of the Credit Union is Miller Orr’s model, which generates the optimal desirable balance without having to wait for the balance to reach zero to make a new cash movement.