Many finance departments spend considerable time managing cash, particularly if the organization is highly leveraged or cash rich. Many opportunities exist to reduce your financing costs or increase short-term cash returns if you manage cash effectively. This session will cover a wide variety of day-to-day cash management tools.
Learning Objectives
- Learn to reduce finance cost
- Discuss increased short term returns
- Work through day-to-day cash management
Major Topics
- Developing short-term cash flow projections
- How do we assure adequate cash availability without having idle cash?
- Take advantage of your bank’s cash management services
- Working capital loans
- Controlled disbursement accounts
- Sweep accounts and other short-term investments
- ACH transactions
- Direct transfers
- Lock boxes
- Credit and collections
- Reconciliation frequency
- Managing cash short-falls
