Effective Cash Flow Management March 17, 2009

Managing your business cash flows, though is the main responsibility of the Board of Directors, is also the responsibility of all departmental managers and their staffs. BUT, without strong and properly managed cash flows, a company will have great difficulty to pay the creditors, suppliers, employees and banks. The growth of your business will be stunted, and the suppliers and banks will shun your patronage. Cash is needed to pay them. Cash flows, and not profits, that supplier and bank are interested.

The ability to efficiently manage the cash flows of your business is the reason that your suppliers grant credit for goods immediately supplied, and your bank lends money for working capital requirements or capital expansions. The strong liquidity of a company means that you are able to readily pay your obligations.

Thus, your sales persons have to sell mostly for cash, and if not, will have to give low credit limits with short credit terms, your buying persons have to buy on a longer credit terms with higher credit limits, and if otherwise, will have to seek for cash discounts. Your producing people will have to quickly convert the raw materials to finished goods, and your collecting people will have to timely collect all due receivables, and if not, will have to induce early payment by giving cash discounts. Managing your business cash flows always aims at the piling of more and more cash in your business through all the efforts of your whole company’s staffs.
At the end of this workshop, participants will be able to:

* Use the credit tools to pile-up cash in your business.
* Understand the importance of Free Cash Flow to assess strength of your business.
* Avoid cash adversity as early as possible.
* Apply techniques discussed to arrive at a business model to impress your banker.

Who Should Attend

Finance Managers, Executive, Accountants, Financial Controllers, General Mangers, CFO, COO, CEO and Directors

Official Website: http://www.gin-my.com/ws_20090318_fi_cfm.php