What is the difference between liquidity management and cash management? Liquidity management is the same as cash management Liquidity management involves all liquid assets including cash and marketable assets, and cash management involves cash collection and disbursement. Liquidity management involves risk management but cash management does not. Liquidity management is the responsibility of the controller while cash management is performed by the tastymanager. Liquidity management involves more financial ratios than cash management, which only involves the cash ratio