Cut costs, improve cash flow and net income. Visit RemoteDepositCapture.com, the industry's independent authority on remote deposit capture.
www.RemoteDepositCapture.com
We Can Provide Financial Insights To Help You Get Back On Track
www.TotalMerrill.com
Free Credit Counseling 24/7. 50+ Years Experience. Nonprofit.
www.MoneyManagement.org
Learn more on improving efficiency and supply-chain relationships.
cfo.firstlightera.com/amex
Nautilus Hyosung, Tranax, Triton, NCR. Complete service provider.
www.merrimakatm.com
See what most top 50 US banks use to achieve a competitive advantage.
www.agiletics.com
Get qualified with ACT the world leader in Cash Management training
www.treasurers.org
Solutions based on a full range of hardware, software and services.
www.scancoin.com
Automotive Dealership Cash Flow Management - Excel Spreadsheets
www.IntactAuto.com
Article in businessfinancemag.com that explains how new banking operations are bringing cash-saving solutions into the heart of the controller's domain.
www.businessfinancemag.com
Article in businessfinancemag.com that details the different short-term financing strategies available to corporations.
www.businessfinancemag.com
Article in businessfinancemag.com that describes the increasing benefits of Internet cash management.
www.businessfinancemag.com
Article in businessfinancemag.com that argues that automating the review of bank-account analysis statements can result in substantial savings for large companies with multiple accounts.
www.businessfinancemag.com
Article in businessfinancemag.com that recounts the developments in cash management.
www.businessfinancemag.com
Links to cash management and treasury services articles published in Business Finance magazine.
www.businessfinancemag.com
Article in businessfinancemag.com that details the benefits of interfacing corporate accounting departments and bank accounts.
www.businessfinancemag.com
Article in businessfinancemag.com that discusses payment timing optimization.
www.businessfinancemag.com
Article in businessfinancemag.com that describes the process of maximizing working capital.
www.businessfinancemag.com
Article in businessfinancemag.com that argues for the linking of specialized cash management software to integrated systems to improve efficiency.
www.businessfinancemag.com
Article in businessfinancemag.com that argues that an understanding of netting and reinvoicing can reduce business' cost of payments and foreign exchange, and help achieve substantial tax savings.
www.businessfinancemag.com
Article in businessfinancemag.com that argues for extending maturity of cash investments when warranted.
www.businessfinancemag.com
Article in businessfinancemag.com that argues for centralizing cash management duties in large corporations.
www.businessfinancemag.com
Article outlining the role of a bank lockbox in receivables management.
www.businessfinancemag.com
Article in businessfinancemag.com that explains how businesses can help to maximize newly implemented cash management systems.
www.businessfinancemag.com
Article in businessfinancemag.com that describes the hierarchy of borrowing, with specific attention paid to revolving credit.
www.businessfinancemag.com
Article in businessfinancemag.com that outlines simple preventative steps that businesses can take to minimize electronic transfer fraud.
www.businessfinancemag.com
Article in businessfinancemag.com that explains how cash managers can maximize cash return via tax-savvy investing.
www.businessfinancemag.com
Article in businessfinancemag.com that argues for conducting cash forecasting despite its shortcomings.
www.businessfinancemag.com
Article in businessfinancemag.com that explains how transfer and reconcilement automation is making cash available faster to companies with multiple deposit sites.
www.businessfinancemag.com
Article in businessfinancemag.com that portrays the continued automation of cash management tasks and the implications for finance executives.
www.businessfinancemag.com
Article in businessfinancemag.com that details the best way for businesses to integrate cash management activities with an enterprise resource planning system.
www.businessfinancemag.com
Article in businessfinancemag.com that describes the advantages and disadvanteges of the three main cash management outsourcing solutions — external active managers, money market mutual funds and bank sweep accounts.
www.businessfinancemag.com
Article in businessfinancemag.com that highlights the best practices of firms that have reduced financing costs, improved liquidity and lowered bank fees.
www.businessfinancemag.com
Online cash management services, including money market transactions, position-keeping and technical assistance.
globalcash.gs.com
Looks at cash management as a three-part process which involves activating cash and resources; consolidating the cash for timely deposit, providing for the investment and security of assets; and regulating the outflow of the cash and assets.
www.patterson.net
Looks at investment strategies for smaller entities which have limited funds and unique investing requirements from those of bigger institutions.
www.patterson.net
Cut costs, improve cash flow and net income. Visit RemoteDepositCapture.com, the industry's independent authority on remote deposit capture.
www.RemoteDepositCapture.com
Prof. Damodaran of NYU Stern Business School provides an online presentation on investment analysis in Adobe Acrobat PDF format.
www.stern.nyu.edu
Discusses improving cash flow in a business with regard to cash outflows to maximize the benefits of each dollar.
www.toolkit.cch.com
Tutorial on understanding, analyzing, and improving cash flow as well as handling any cash surplus or filling cash flow gaps.
www.toolkit.cch.com
We Can Provide Financial Insights To Help You Get Back On Track
www.TotalMerrill.com
Free Credit Counseling 24/7. 50+ Years Experience. Nonprofit.
www.MoneyManagement.org
By utilizing effective cash management techniques, you’ll be able to maximize any available cash by immediately reinvesting it into your business or allocating it for future expenses. Seeking training to fine tune your business cash flow management enables you to avoid risky investments and strike a successful balance between saving and spending.
Cash management techniques cover everything from simple budgeting and investing surplus cash to managing accounts receivable and payable. Educational opportunities will help you manage each aspect of your finances to reduce borrowing and increase profits. Hone your cash management system by trying to:
- Sign up for classes that present cash management solutions to improve the way you manage incoming and outgoing funds.
- Enroll in seminars to focus on specific cash management solutions or as continuing education to stay up to date on the latest techniques.
- Find cash management articles, a cash management tutorial or online learning opportunities that help you develop cash management strategies for business at your convenience.
Action Steps
The best contacts and resources to help you get it done
Take cash management strategy courses to develop a system that increases your financial efficiency
Learn a new cash management solution and get hands-on experience with cash management software and tools through on-site courses. Find classes that help you develop an overall cash management strategy or that update you on issues that didn't exist when you enacted your current system.
I recommend: The Northwestern University School of Continuing Studies offers a professional development program for Cash Management Fundamentals. The cash flow management program covers such topics as guarding against cash shortfalls, e-commerce and managing cash in international markets. Get Treasury and Cash Management training through Eno. Available courses cover cash management configuration, funds management best practices and risk management.
Attend seminars to keep current with specific cash flow management strategies
Cash management seminars allow you to learn more about specific issues to address problematic areas in your current cash management system. Seek continuing education to ensure you're up to date with international issues, cash flow statements or financial regulations, for example.
I recommend: Learn more about corporate cash management strategies through seminars from the American Management Association. The seminar is ideal as an introduction to cash flow management principles. Search through the FindaSeminar listings to find a cash management seminar at a location near you.
Use online or self-paced cash management training opportunities to learn at your convenience
If you need a refresher on cash management or need to learn a new technique without losing time at work, seek online cash management education so you can learn off the clock. You'll then be able to integrate the new strategies into your current system immediately.
I recommend: Chapman University offers an online course in corporate cash management that covers important concepts and the goals of cash organization strategies. Take a financial training CD-ROM course in cash management offered by Biz Hotline.
Tips & Tactics
Helpful advice for making the most of this Guide
- • Seek articles on cash management to build a reference library and track cash management trends. With articles and training literature available, you'll be able to refer to it when refining your cash management strategies to meet your company's current needs.
Cut costs, improve cash flow and net income. Visit RemoteDepositCapture.com, the industry's independent authority on remote deposit capture.
Many small businesses haven't thought much past the day when their books sneak into the black. Yet every business, even those still struggling with negative cash flow, should plan cash management techniques for managing excess cash.
In this article, you will discover
- Cash management strategies to get your business out of the red
- How to determine if you have cash available for saving or investing
- Cash management solutions for investing your business's cash
Action Steps
The best contacts and resources to help you get it done
Maximize cash flow and get your business profitable
Before you can institute your cash management techniques, your business should have cash to manage. Articles on cash management provide cash management solutions that can help stabilize your company.
I recommend: L. Gary Boomer's article has 10 management strategies that improve cash flow management in any business. Better Cash Flow Management is also covered in great detail on Work.com. A very detailed article on business cash flow management was written by Boston Private Bank and Trust.
Monitor your business cash flow
Accounting software can help you watch your cash flow. You can set up bills and payments via this software, and predict whether you have cash that has no where to flow to.
I recommend: QuickBooks is the most popular, and often best-rated accounting software for small businesses. Simply Accounting, Peachtree Complete Accounting Software, Sage BusinessVision Accounting Software, and Microsoft Office Accounting Professional are other brands of highly-rated accounting software.
Hire professionals to analyze your business's cash management
If you suspect your business has cash ready for investment, ask a professional to confirm this. Professionals can help by brainstorming bills you may have forgotten about or by determining how much of your cash flow should go into a savings plan, instead of an investment.
I recommend: finding a Certified Cash Flow Consultant (CCFC) to help you determine if your business has money available for investing and how much is available. You can find search for a CCFC by state through AmericanCashFlow.com. You can browse cash management articles written by CCFCs on TheSideRoad.com or the American Cash Flow Journal.
Learn about your investment options
Once you decide you have cash to invest, start looking into your investment options and build your cash management strategy.
I recommend: starting at the bank where you have your business checking and credit accounts. They may offer average or better rates on Sweep Accounts or Certificates of Deposit (CDs). If you want to shop around, large investment firms, such as Charles Schwab and Merrill Lynch often offer good rates on money market accounts and mutual funds.
Tips & Tactics
Helpful advice for making the most of this Guide
- • Always allocate cash is a way to improve your business's stability. Pay off debts before investing. In most cases, the interest on a company credit card is much larger than the interest gained on any investment.
- • Be wary of risky investments. Never make an investment decision that has a good chance of reducing your business's cash cushion.
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Having a firm grip on your cash management strategy will help you keep a cash reserve in case of need. The need may be an emergency or it may be a large purchase with a price that is too good to pass up, but either way the funds will be available for use. The first step involves maximizing your cash flow. You will also start building up an emergency nest egg by putting it into a fund that earns interest but is still accessible in times of financial crisis. As your business begins to grow and payments become predictable, investing in certificates of deposit with staggered maturity dates becomes an option. There are many other options available, and speaking to your local bank cash management department can help you figure out which ones are right for you. Learn more about the following cash management key terms: cash flow, projections, key financial ratios, profit-and-loss projections, disbursements and cash resource optimization.
Action Steps
The best contacts and resources to help you get it done
Cash flow
Your cash flow is your profit and loss affected by your accounts receivable, your inventory, your accounts payable and your capital expenditures, as well as what you have borrowed.
I recommend: Learn more from Inc on how to define cash flow.
Projections
Cash flow projections are a forecast of your anticipated cash needs. Use projections to look at your short-term and long-term goals.
I recommend: Learn about short-term, long-term annual and long-term strategic projections from Small Business Notes.
Key financial ratios
The key financial ratios for your business are the ratios that help you make sense of the figures from your financial statements.
I recommend: Use the tools from American Express to learn about ratio analysis basics. Spot financial patterns that may damage your business before they can hurt your company.
Profit-and-loss projections
Profit-and-loss projections are long-term forecasts for your business.
I recommend: Read out about a three-year, profit-and-loss projection from BNET.
Disbursements
Disbursements are your company's payables and cash outflow. There are a variety of products and services available to help you manage the money flowing in that direction.
I recommend: Look at the variety of disbursement options available through TD Banknorth.
Cash resource optimization
Cash resource optimization is making the most of the available money on hand by using short-term investment solutions to give you interest on the funds that you have.
I recommend: Check out the cash resource optimization options from BMO Capital Markets.
Cut costs, improve cash flow and net income. Visit RemoteDepositCapture.com, the industry's independent authority on remote deposit capture.
Cash flow management is exceedingly important for a business of any size. A company must hold enough reserves to pay for everything from insurance to pension plans to insurance, while at the same time maintaining a healthy cash reserve to power and grow the business. In this way, corporations often try and leverage a maximum return on their cash management.
Cash management solutions vary from the simple to the complex, depending on the industry and size of the company. Here are some helpful resources to teach you about cash flow management so you can see how it might apply to your business. Think of this tutorial as "cash management for beginners."
1. Locate websites dedicated to cash management strategies for businesses.
2. Find software that specializes in cash flow management.
3. Educate yourself by finding cash management articles on the Internet or in print publications.
Action Steps
The best contacts and resources to help you get it done
Find resources with helpful tips on cash management techniques
When it comes to how to improve cash your management system, there are certain strategies and techniques that one may implement to help your small business thrive. There are common sense things such as always getting invoices out in a timely manner, to things that are a little more complicated like assuming a small business loan in order to have a cash reserve during months that one expects to be lean. Learn about the different strategies and techniques and how you might apply them to your business.
I recommend: Go to the website for Cash Flow Truth. This offers multiple strategies for small businesses looking to manage cash flow and find solutions. Also the website Business Knowhow.com provides additional strategies for small businesses.
Pick up some software that specializes in cash management solutions
There are many software products on the market that specialize in cash management. From calculating and projecting profits, to estimating potential taxes and other liabilities, these cash management software solutions remove some of the stressful burdens associated with business finances by calculating and suggesting business cash flow management solutions that are right for your business operation.
I recommend: Both Sapphire Systems and WallStreet Systems provide a cash management system in the form of software. Familiarize yourself with the many applications of this type of cash management solution to see if it is right for your business.
Figure out some cash management basics by reading the latest articles
As the world of finance forever changes, so do certain strategies and protocols associated with cash management. By reading the latest cash management articles, you'll be up-to-date on the latest strategies being implemented at both the major and minor corporation level. Things like the availability of credit and the latest legislative changes on a federal or state level will impact such cash management basics.
I recommend: Go to the website for All Business.com. There are several articles dedicated to cash flow management. Inc.com is another great resource with many great articles.
Cut costs, improve cash flow and net income. Visit RemoteDepositCapture.com, the industry's independent authority on remote deposit capture.


