Ways in which cash flow may be threatened in your organization
How financial professionals can partner with other departments to contribute to financial success
Best practices on how to control costs and better manage cash flow
Revenue is vanity. Profit is sanity. Cash is king.
Effective financial management requires keeping a close eye on cash resources and anticipating ebbs and flows to ensure a consistent or increasing state of monetary affairs.
To do so, financial professionals must understand when, where, why, and how money is being spent within a company in order to properly forecast and make course-corrections to the budget when necessary. By paying close attention to and managing cash flow, actionable insights can be gained into what’s working and what could use attention or improvement, which ultimately can help contribute to the company’s overall financial success.