Strategies for Optimizing Your Cash Management
Cash Management Strategies How to Optimize Your Cash Training Course
Upcoming Sessions in: Dubai, UAE | Hong Kong | In-House
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Course Overview
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
- Inventory.
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.
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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.
Receivables
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.
Payables
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.
Cash
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
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.
Forecasting
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.<<<
View the detailed course content and the latest discount promotions:
Ready to Enroll?
Click on the button below to enroll
Have a question? Email us at: [email protected] or visit the help center.
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
Date | Location | Venue | Course Fee | Early Bird | Register |
|---|---|---|---|---|---|
25-26 March 2019 | Dubai, UAE | Millenium Hotel | USD 2597 | Download brochure | |
23-24 May 2019 | Hong Kong | Royal Garden Hotel | USD 2597 | Download brochure | |
8-9 December 2019 | Dubai, UAE | Millenium Hotel | USD 2597 | Download brochure |
* Venue, dates, course fees, promotions, course content, course instructor are all subject to change
View the detailed course content and the latest discount promotions:
Ready to Enroll?
Click on the button below to enroll
Have a question? Email us at: [email protected] or visit the help center.
Available for In-House Training
There are currently no scheduled public sessions for this training, however, it is available as an in-house training.
Request an in-house training proposal below or learn more about In-House Training
Accredited By
Ethan Hathaway is accredited by the British Accreditation Council for Independent Further and Higher Education as an International Centre.