Learn about the cash flow management techniques that can help increase profitability
For businesses of all sizes, turning over a profit is typically 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?
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