Cash Flow Management
Cash Flow Crisis — Planning and Management
Comprehensive Micro System of Cash Reporting and Management.
(2 Detailed systems created in times of cash crisis)
In times of tight cash caused by rapid growth or sales surprises, cash management must go beyond an accountant’s multiple alternative balance sheet projections. Successful cash management, especially in times of crisis, starts with 1) the creation of a detailed information systems pulling timely data from every corner of the company, and is followed by 2) operational financial management and inventive banking control creating increasing cash inflows and extending outgoing payments. New and inventive systems must be operationally implemented. Going way beyond accounting department functions, the systems and control requires a pervasive company understanding of changes required to successfully manage cash. As the process of “listen first” financial communication to every work station unfolds, creative juices flow and innovative methods are found creating success.
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