The Economist Guide to Cash Management

The Economist Guide to Cash Management

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The credit crunch highlighted to businesses the importance of cash management, as those firms which ran short of cash discovered when they found themselves in trouble or even went bust.This tightly-written guide clearly explains the six critical aspects of the effective management of cash and cash flow. These involve: Amforecasting likely cash receipts and payments Amestablishing funding lines necessary to cover asset purchases or for working capital Amefficiently managing day-to-day operations with regard to the amount of cash required Amselecting appropriate investment opportunities that result in positive cash flow Ammonitoring the profitability of products and services to ensure they are cash generative and not cash destroying, Amhaving a plan for managing excess cash that exceeds demand Cash rather than profit has always been the ultimate determinant of whether a business survives.This chapter explores a wide range of steps that help minimise working capital and which can also enhance customer service. Three stages are involved: Purchase to payment a€“ the steps from placing an order with a supplier through to theanbsp;...

Title:The Economist Guide to Cash Management
Author:John Tennent
Publisher:Profile Books - 2012-03-29


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