5 improvements for cashflow management
The challenge many financial professionals experience is not their lack of knowledge of or bad processes for cash flow management; it’s actually that cash flow management is not solely managed by them, but by various spenders (budget holders) within their organisation.
With each department, through it’s on going activity to generate revenue it’s inevitable that cash inflow and outflow will be coming and going rapidly and, on some occasions, one will be higher than the other. Therefore, finance departments are tasked with the responsibility of managing cash flow and making sure the company stays firmly
in the black.
But how can they do this effectively when they have no visibility on what everyone else is spending?
Finance professionals come across an inordinate amount of cash flow management tips and tricks and they’ve
likely tried and tested them all. In this white paper, we’ll discuss five ways to further improve your cash flow management system – not to change it.