Technology can not only improve your cash flow, it can also accelerate your receivables and extend your payables, preventing your company from becoming overleveraged, says David Luke, treasury management sales executive at Regions Financial Corp. Read More about How Technology Can Improve Your Cash Flow
Ensuring the financial prosperity of your business is the cornerstone of any successful endeavor. You know your business best. But it's never to soon to learn new skills, expose your company to the latest innovations and ideas to maintain the competitiveness of your business model. From learning the best ways to budget to managing growth properly, from improving your cash management processes to looking at the most accurate sales metrics, rely on our business resources to better prepare your company for tomorrow.
Each customer’s business needs are unique, and so are their challenges. In today's competitive marketplace, business owners must balance good customer service with efficient cash management and risk control. No matter your business industry, understanding your sources of income — both now and in the future — is vital.
Optimize Your Cash CycleManage your cash flow carefully: the health of your business can hinge on it. To prosper over the long term, account for not only the boom times but also the lean periods so that you still have the ability to cover your expenses. Account for seasonality in your business and how long it takes to collect money from your customers.
Find Opportunities in Your Cash CycleDebt is often a reality — even a necessity for businesses — especially those just getting started. Use debt wisely in the form of business credit cards to cover cash flow gaps or with loans as a means to a specific end. For larger businesses, you may be investing in a new location or in an acquisition mode. Is your loan or line of credit sufficient?
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