A wise business owner once said, "Happiness is a positive cash flow." As a business owner, I'm sure you agree. Everything is better when your cash-in exceeds your cash-out.
A cash crisis can be emotionally devastating and it can even kill your business. If you've ever had to beg, borrow and steal to cover tomorrow's payroll you know how stresssful it can be.
Our cash management service allows you to...
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know when, where, and how your cash needs will occur.
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know what the best sources are for meeting your additional cash needs.
- be prepared to meet these needs when they occur, by establishing good relationships with bankers and other creditors when times are good so they will be patient when times are not so good.
The starting point for avoiding a cash crisis is allowing us to develop a cash flow projection for you. This is usually based upon a budget of your revenues and expenses. We can help you develop a budget as well as both short-term (weekly, monthly) cash flow projections to help you manage daily cash, and long-term (annual, 2-3 year) cash flow projections to help you develop the necessary capital strategy to meet your business needs. These projections will greatly enhance your ability to secure financing from a bank because they will demonstrate both your proposed use of the borrowed funds as well as your ability to repay them.
We also prepare historical cash flow statements to help you gain an understanding about where all the money went.
Creating an accurate cash flow projection is just one of the many cash management services we provide. You also get...
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Help obtaining an appropriate line of credit.
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Cash collection acceleration techniques.
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Experience with effective collection policies and techniques.
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Proven effective payment policies for vendors.
- Help obtaining the maximum rate of return on your idle cash.
