Well defined, strategy-based cash management is central to organizations being able to compete, thrive and ensure its ongoing financial stability. The range of cash management alternatives is sufficiently wide and complicated to warrant careful planning when deciding on which specific cash vehicles to hold.
This treasury management website aims to provide CFO’s, Treasurers, Controllers and Finance Directors with a clear understanding of the changing dynamics of Treasury and Corporate Finance management and will deliver up-to-the-minute information that can be put to work immediately, in addition to detailing the relevant Webcasts, Podcasts and Conferences that get to the heart of current challenges!
The goal will be to provide solutions and best practices when gaps appear between corporate cash needs and bank services and to ensure that cash is working as hard as it possibly can to support the ongoing sustainability and growth of your business!
Since working capital is a highly effective indicator of a company’s operational and financial health, it is important to have a sustainable strategy that will ensure survival in 2009 and beyond. Even in these recessionary times, corporations are overlooking millions of dollars in cash as a result of inefficient receivables, payables and inventory practices. Releasing trapped cash from the balance sheet is no small task, especially now that payment terms are being stretched. A properly managed working capital program can optimize each component of the core business and deliver additional benefits that extend far beyond operational rewards. Hear from Professor Eliot Sherman to learn how to best optimize cash and highlight internal inefficiencies that must be remedied to better serve your customers.
As we all know, the forecasting can be just a side product of the general finance and Controllers work that is so often NOT used as a basis for decision making in Treasury! Financial planning often focuses of operating profit, leaving little consideration for balance sheet items such as cash, which tends to be a function of many assumptions!
Develop strategic approach to your forecasting practices ensuring that everyone in the head office understand the cash cycle and other cash management related issues