Cracking the Cashflow Problem

All owners, directors and managers involved in the financial management of organisations and businesses who wish to improve the cash position and so avoid potential financial problems By the end of the course you will know how to: Improve debt collection - and minimise risks of giving credit · Balance cash flow with supplier relationships · Reduce costs · Understand the preparation and pitfalls of the cash flow forecast

Course Content

Introduction to the day

• What will we cover today?
• What do I want from the day?

The Business Model - a cash perspective

The 'cash position' explained

Contractual terms uncovered

Collect what's owed to you

• Review billing procedures
• Assign responsibility
• Minimising the risk

Cut costs

• Opportunities and a realistic assessment

Supplier management

• Payment terms and discounts
• Extended credit v working relationships

The use and impact late payment legislation

Manage the inventory

• Reviewing the product/service portfolio
• Assessing required stock levels

Financing

• Financing methods compared
• Establishing the true cost of finance

Forecasting Cash Flow

• Making a realistic assessment
• Monitoring against the forecast

Action Planning