This book is part of the author's final year project. The host company is a multinational that deals with many issues including cash management, the subject of this study.Through this work, the author highlights the impact of payment delays on the cash flow of an entity but also the procedures that it can put in place to recover these debts. In order to improve the business climate, each country tries to introduce regulations governing this issue. Thus, a benchmark is proposed between Morocco, France and the ECOWAS zone.