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All companies have unique challenges, but for many, maintaining adequate cash availability is among the most important. It is essential for businesses to keep close control over both cash collections and disbursements. Cash management is one tool to help you maintain that control. A good system can help you improve profits, reduce expenses, protect your assets and improve internal functions.
Because of our technical training and business experience, we can analyze your cash systems and make recommendations that will help you run your business more efficiently and profitably. We are committed to helping you manage your cash flow and improve your bottom line. Whether you are evaluating cash management techniques for the first time or fine tuning a sophisticated existing system, we offer you the expertise and long-term commitment to help you develop and maintain the most cost-effective, efficient cash management system possible.
Cash management involves forecasting, receiving, controlling, disbursing and investing funds from your company’s operations. Besides helping to improve liquidity and increase profits, effective cash management will:
Increase cash flow
Control cash outflow
Increase the yield on idle funds
We can help you by evaluating your current situation through analysis of your average collection period, outstanding accounts receivable as a percentage of total revenue, and inventory to current assets. We will prepare a cash flow forecast based on cash on hand, expected cash disbursements and expected cash receipts. We will recommend techniques to enhance cash flow including an evaluation of billing schedule, early payment discounts, credit and collection procedures and deposit of cash receipts. We may suggest appropriate vehicles for investing your idle funds, including Treasury bills, notes or bonds, federal agency issues, negotiable certificates of deposit and commercial paper, among others.