For businesses of all sizes, turning over a profit is always the main goal. Each department’s activity contributes to achieving this goal, from sales and marketing all the way through product and development. But with all this activity going on, it’s inevitable that cash inflows and outflow will be coming and going rapidly, and on some occasions, one will be higher than the other.
For finance professionals, good cash flow management is best practice for keeping the business on track to increase profitability. All businesses should be doing it - and most are - but how can you make sure you’re getting the most out of your efforts? In this white paper, we'll discuss five ways to further improve your cash flow management system.
How to identify unnecessary spending, unused budget, and places where costs can be reduced
Combining known upcoming events with historical data to intelligently forecast your cash flow
Going beyond email invoices and make the transition to fully automated cloud-based financial management software
Identifying your best supplier relationships for discount opportunities and pay invoices later