Tagged by: "Treasury Management"
In business, deals don't always go as intended, so having a backup plan can save the day. If you're in a tough financial or contractual situation, such as doing business internationally or on a large construction project, a standby letter of credit—the backup plan—can open up opportunities for your business that might not otherwise be available. Read More >
Extending credit to clients can help you sell more to existing customers and attract new ones. But if clients don’t pay on time, it can have a harmful effect on your cash flow — the lifeblood of your business. Collection delinquencies make it difficult to forecast cash flow and may also mean that you have to create a bigger cash cushion than you otherwise would in order to deal with slow payments and still meet your obligations. Read More >
Ensuring that cash moves smoothly through an organization is one of the most important jobs of busy executives and treasury professionals. You can make that job easier by employing treasury management tools to help improve cash flow, speed collections, increase efficiencies, save on labor costs and reduce risk. The bonus? By automating processes, you’ll free up time to do what you do best—manage the health and growth of your enterprise. Read More >
It is easy—many would say inevitable—to run into a cash crunch, even if your business is thriving and profitable. A slowdown in cash coming into a company can catch even seasoned and successful business owners unaware and cause dire results. Read More >