Keys to effective cash management
September 22, 2015
No matter what type of company you’re managing, following a few simple practices can be the key to effective cash management. * Reduce lag time. For example, give incentive discounts to customers who pay early. Aim for just-in-time inventory to reduce holding costs. * Establish a line of credit. To cover shortfalls resulting from excessive lag time, unforeseen business disruptions,...
Tags: cash Management