Cash Management - Day to Day Best Practices

Overview

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.  

Prerequisites

Some corporate accounting or finance experience

Objectives

• Reduce finance cost
• Increase short term returns
• Day-to-day cash. management 

Highlights

• 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