What are some of the challenges or problems associated with the management of current assets and liabilities? How should companies address these problems?

What are some of the challenges or problems associated with the management of current assets and liabilities? How should companies address these problems?
Should a company attempt to match the maturity of their assets with the liabilities used to finance those assets? What are the advantages and disadvantages of doing or not doing this matching of assets and liabilities? Explain your answers.
What are the benefits to the organization of having a well developed cash budgeting plan? What are some of the risks of not having a sound cash management plan? Explain your answers.