Weathering the Storm Part 1: Cash Management

  |  June 1, 2020

image of an open road with a question mark on it and mountains in the background

As we work with our clients on cash management, we begin with these five action items:

  1. Understand cash availability and obligations based on the sudden business disruptions
  2. Identify opportunities to release trapped cash, extend cash outflows and collect on outstanding A/R
  3. Assign a qualified individual to understand Stimulus Package benefits
  4. Quickly re-forecast using the best information available, focus on leading and predictive indicators to build forecast models
  5. Identify all short-term working capital cash options

These are uncertain times. Proactive cash management can help your company be strategically prepared for whatever comes next.

We invite other middle-market companies to share tips on their cash management best practices.