Strategies for Optimizing Your Cash Management
Cash Management Strategies How to Optimize Your Cash Training Course
Cash management is the corporate process of collecting, managing and investing cash (in the short term). Cash management is a key component of ensuring a company's financial stability and solvency.
This course looks at the all-inclusive strategies that your company needs to follow to ensure all the aspects of your business’ financial profile are optimized.
Given the cost of new capital, no business can afford to let your existing capital go to waste. However, some businesses do not realize how much cash is trapped on their own balance sheets.
Freeing up that cash – by optimizing your working capital – delivers more than improved operational efficiency.
It also gives companies the added liquidity they need to fund growth, reduce debt levels, lower costs, maximize shareholder returns and even outperform their competitors.
Benefits of Attending
This course focuses on four core strategies;
- Accounts receivable,
- Accounts payable,
- Cash management, and
Additionally we take a closer look at one of the key tools that binds this all together – Forecasting.
The aim of the course is to provide:
- An clear and comprehensives understanding of Cash Management in all its facets
- An understanding of the different components in the Cash Management universe
- A knowledge of how the different cash management components interact with one another
- The ability to understand and create cash flow forecasts.
- An understanding of the strategies that can be used to fund growth, reduce debt levels, lower costs, and maximize shareholder returns.
What I liked most about this training course:
- Agenda highlights
- Who should attend
Cash Management Strategies Agenda Highlights
Many businesses that fail are profitable at the time of failure. Their passing comes as a total shock. More often than not, the business failures comes about because of a lack of working capital.
Four factors affect the amount of working capital available, and that is the subject of this introduction.
Defining Cash Flow
Cash flow is a generic term that can be used in different ways depending on the context. Getting to understand what cash and cash management really are is the subject of this section.
Most firms have formal accounts receivable policies. These policies pronounce when to bill, how much to bill and when to collect. Regrettably however, not all companies enforce those policies effectively - or even assume the right processes at all.
Accounts payable is a back-office function, and because of this, it does not always take priority as firms look to grow or build competitive advantage. When it comes to working capital optimization, however, increasing payables should be a core strategy.
In today's competitive business environment, firms need whatever advantage they can get. This is especially true when it comes to improving free cash flow.
Inventory often makes up one of a company's largest balance sheet items, given the cash outlay required to acquire it. As a result, inventory has a substantial influence on working capital. Determining how to hold enough inventory to meet demand, but not so much that it affects cash flow, requires a delicate balancing act.
Setting up new cash forecasting process or revitalizing an existing process can bring in a number of benefits. The ability to accurately forecast a firm's future cash position reduces the risks arising from liquidity issues and minimizes the opportunity cost of holding uninvested cash.
>>>Download the course info kit for the full details.<<<
This program is designed for you if you wish to understand the components and the operation of the cash management process.
People in the following job descriptions, as well as those with an interest in cash management, would benefit from this course:
- Management accountants
- Financial accountants
- Financial analysts
- Finance managers
- Corporate accountants
- Financial controllers
- Budget and forecasting controllers
- Financial planning and analysis managers
What customers say about our Treasury training:
“The course is comprehensive and very much relevant to my work.” – H.H., Manager, Group Treasury Division, Petronas, Malaysia
“Excellent trainer, very knowledgeable and he can explain mateiral in a very simple language and term for us to understand better.” – K.I., Director-Head of Financial Institutions, RBS Bank, Indonesia
What I liked most about this training course: “The wide range of topics related to Treasury in both the corporate and bank’s perspective.” – T.V., Aviat Networks
“Speaker and material very good…”– K.J., PPG Industries, Hong Kong
“Chris makes things simple, so that we can understand the sometimes technical subjects.” – L.L., PVM Exports, Hong Kong
“The course is concise & precise.” – V.R., State Bank of Mysore, India
“Good presentation, well-coverage & comprehension in term of the topics covered…One of the benefits of attending this course was I gained more knowledge in treasury.” – K.K., Treasury, Murphy Sarawak Oil, Malaysia
“Very personalised course…” – M.S., Accounting & Finance, Tabreed Bahrain, Bahrain
“It covers a lot on topics I need to know in order to be able to tell my bankers that I know what they’re talking about.” – J.F., Section Head, Talisman Energy, Malaysia
“Chris have been an excellent facilitator throughout the course and made complicated matters so simple to understand in real-life context.” – P.D., Nations Trust Bank, Sri Lanka
“Very knowledgeable, make the heavy topics easy to understand.” – T.V., RBS Bank, Indonesia
“What I liked most about this course: The knowledge & experience (in practical manner) of the trainer and also the capability to link the topic into relevant market events.” – N.C., RBS Bank, Indonesia
“Chris is excellent, his course is very practical, comprehensive and we can apply it to the real world.” – S.S., Kasikornbank
“Excellent material, relevant to my day-to-day job…the instructor is very credible and understand the markets very well through experience. Always nice to be taught by someone who had actually experience how the market works first hand!” – W.S., Standard Chartered Bank
“Really appreciate the real life examples from Chris’ previous work experience.” – S.A., Hong Kong Airport Authority
30 Seats Only
Only 30 seats available per session.
Digital Reference Package
You also receive a Digital Course Reference Kit to take away for future reference.
As a part of our Green initiative, we're phasing out paper-printed course materials.
All course materials will be available as digital downloads.
(Value of $200.00)
Get the Latest Best Practices
All our trainings are built to share the latest international best practices.
Certificate of Completion
After completing the training, you receive an Ethan Hathaway gold-embossed certificate of completion to mark your achievement.
Book Your Seat
25-26 March 2019
23-24 May 2019
Royal Garden Hotel
8-9 December 2019
* Venue, dates, course fees, promotions, course content, course instructor are all subject to change
Ethan Hathaway is accredited by the British Accreditation Council for Independent Further and Higher Education as an International Centre.