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Purchasing Resources for Cash Management
Now at TD Ameritrade. No Fee ATM, Online Bill Pay, No Min. Balances!
Provides support for both ends of your global business transactions.
Bank of America Business Capital Asset-Based Loans - Learn More Now.
Check image services for cash management. Deliver via Web, CD.
Download Cash Management White Papers
Cash Management
Investment cash management strategies for short-termBy Janet Krenn, Communications Officer Quicksilver Scientific 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
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.
Try:
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.
Try:
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.
Try:
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.
Try:
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.
- 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.
Now at TD Ameritrade. No Fee ATM, Online Bill Pay, No Min. Balances!
Provides support for both ends of your global business transactions.
Bank of America Business Capital Asset-Based Loans - Learn More Now.
Check image services for cash management. Deliver via Web, CD.
A Controller\'s Stake in Cash Management
Article in businessfinancemag.com that explains how new banking operations are bringing cash-saving solutions into the heart of the controller's domain.
http://www.businessfinancemag.com/archives/appfiles/Article.cfm
A Management View of Cash Management
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.
http://www.patterson.net/arti-003.shtml#mgmtview
Assets Working Overtime: Part 3 of 3
Article in businessfinancemag.com that details the different short-term financing strategies available to corporations.
http://www.businessfinancemag.com/archives/appfiles/Article.cfm
Article in businessfinancemag.com that describes the increasing benefits of Internet cash management.
http://www.businessfinancemag.com/archives/appfiles/Article.cfm
Breaking the Code for Bank Charges
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.
http://www.businessfinancemag.com/archives/appfiles/Article.cfm
Article in businessfinancemag.com that recounts the developments in cash management.
http://www.businessfinancemag.com/archives/appfiles/Article.cfm
Cash Management/Treasury Services
Links to cash management and treasury services articles published in Business Finance magazine.
http://www.businessfinancemag.com/archives/appfiles/Topics.cfm
Article in businessfinancemag.com that details the benefits of interfacing corporate accounting departments and bank accounts.
http://www.businessfinancemag.com/archives/appfiles/Article.cfm
Article in businessfinancemag.com that discusses payment timing optimization.
http://www.businessfinancemag.com/archives/appfiles/Article.cfm
Discusses improving cash flow in a business with regard to cash outflows to maximize the benefits of each dollar.
http://www.toolkit.cch.com/text/P06_4456.asp
Article in businessfinancemag.com that describes the process of maximizing working capital.
http://www.businessfinancemag.com/archives/appfiles/Article.cfm
Feeding Bank Data to Enterprise Systems
Article in businessfinancemag.com that argues for the linking of specialized cash management software to integrated systems to improve efficiency.
http://www.businessfinancemag.com/archives/appfiles/Article.cfm
Global Cash Management: Strategies For Netting and Reinvoicing
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.
http://www.businessfinancemag.com/archives/appfiles/Article.cfm
Goldman Sachs Global Cash Services
Online cash management services, including money market transactions, position-keeping and technical assistance.
http://globalcash.gs.com/html/default.html
Improving the Yield on Short-Term Cash Investments
Article in businessfinancemag.com that argues for extending maturity of cash investments when warranted.
http://www.businessfinancemag.com/archives/appfiles/Article.cfm
Article in businessfinancemag.com that argues for centralizing cash management duties in large corporations.
http://www.businessfinancemag.com/archives/appfiles/Article.cfm
Investment Strategies For Smaller Entities
Looks at investment strategies for smaller entities which have limited funds and unique investing requirements from those of bigger institutions.
http://www.patterson.net/arti-003.shtml#strategy
Tutorial on understanding, analyzing, and improving cash flow as well as handling any cash surplus or filling cash flow gaps.
http://www.toolkit.cch.com/text/P06_4001.asp
Picking the Right Projects: Investment Analysis
Prof. Damodaran of NYU Stern Business School provides an online presentation on investment analysis in Adobe Acrobat PDF format.
http://www.stern.nyu.edu/%7Eadamodar/pdfiles/ovhds/inv.pdf
Article outlining the role of a bank lockbox in receivables management.
http://www.businessfinancemag.com/archives/appfiles/Article.cfm
Article in businessfinancemag.com that explains how businesses can help to maximize newly implemented cash management systems.
http://www.businessfinancemag.com/archives/appfiles/Article.cfm
Revolving Credit Strategies You Can Bank On
Article in businessfinancemag.com that describes the hierarchy of borrowing, with specific attention paid to revolving credit.
http://www.businessfinancemag.com/archives/appfiles/Article.cfm
Short Circuiting Wire Transfer Fraud
Article in businessfinancemag.com that outlines simple preventative steps that businesses can take to minimize electronic transfer fraud.
http://www.businessfinancemag.com/archives/appfiles/Article.cfm
Tax-Savvy Investing Raises Real Returns
Article in businessfinancemag.com that explains how cash managers can maximize cash return via tax-savvy investing.
http://www.businessfinancemag.com/archives/appfiles/Article.cfm
The Cash Forecaster\'s Almanac
Article in businessfinancemag.com that argues for conducting cash forecasting despite its shortcomings.
http://www.businessfinancemag.com/archives/appfiles/Article.cfm
Article in businessfinancemag.com that explains how transfer and reconcilement automation is making cash available faster to companies with multiple deposit sites.
http://www.businessfinancemag.com/archives/appfiles/Article.cfm
Article in businessfinancemag.com that portrays the continued automation of cash management tasks and the implications for finance executives.
http://www.businessfinancemag.com/archives/appfiles/Article.cfm
Article in businessfinancemag.com that details the best way for businesses to integrate cash management activities with an enterprise resource planning system.
http://www.businessfinancemag.com/archives/appfiles/Article.cfm
Who Should Invest Your Corporate Cash?
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.
http://www.businessfinancemag.com/archives/appfiles/Article.cfm
Article in businessfinancemag.com that highlights the best practices of firms that have reduced financing costs, improved liquidity and lowered bank fees.
http://www.businessfinancemag.com/archives/appfiles/Article.cfm
Tips & Advice to help you make your decision on Cash Management
Efficient cash management is often at the core of any successful business strategy. A business runs on its available cash, and everything from everyday operations to planned expansions relies on having cash available to complete needed business activities. A cash shortage at a critical moment could mean anything from a lost chance at profit to the loss of the business itself. Because of this, careful cash management means keeping track of what's available and when.
Keeping track of a business' cash available is more than an exercise in accounting. While keeping track of expenses and revenues is a simple matter of inputting transactions into a spreadsheet, as a business grows, the ... more
Efficient cash management is often at the core of any successful business strategy. A business runs on its available cash, and everything from everyday operations to planned expansions relies on having cash available to complete needed business activities. A cash shortage at a critical moment could mean anything from a lost chance at profit to the loss of the business itself. Because of this, careful cash management means keeping track of what's available and when.
Keeping track of a business' cash available is more than an exercise in accounting. While keeping track of expenses and revenues is a simple matter of inputting transactions into a spreadsheet, as a business grows, the complexity of keeping track grows as well. When dealing with multiple business sections, each on their own management systems and sometimes spread across the globe, knowing what cash is available and where can be problematic. It becomes even more difficult as you deal with different currencies and their daily valuation changes.
Successful cash management requires that you find solutions to such issues, sooner rather than later. Each day with inefficient cash management is a day where profit is possibly lost, and disaster can strike when you're running short on liquid assets. Business.com can be of help though, offering links on cash management techniques for businesses of any size.