Finance and Accountancy Briefing
Ten ways to improve cash flow
As a growing business, it's important to understand the ins and outs of maintaining healthy cash flow. While the primary goal is to ensure your outgoings are constantly balanced by monies coming in, you need to be prepared for cash flow problems and large, or unexpected, expenses. Carefully protecting cash flow is essential to long-term survival.
There are many ways to begin improving cash flow across your business, from ensuring new customers are good payers and setting appropriate payment terms, to more efficient collection strategies and invoicing. There are also advantages to good forward planning, such as spotting opportunities for debt reduction. By tackling cash flow problems from every angle, you can ensure your business is able to weather most financial storms.
This whitepaper studies ten ways to improve your organisation's cash flow.
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