Cash Management - Have you considered why effective cash management is so important?

Cash Management - Have you considered why effective cash management is so important?

Cash is the lifeblood of a business. A business can have strong profits but if it has no cash it cannot meet its ongoing obligations. Without cash a business cannot pay its suppliers which risks obtaining a bad reputation and a poor credit score, and without cash a business could struggle to make it through uncertain times such as Covid-19.

The reason that most businesses fail is poor cash management.

Our guide here is intended to provide further insight on effective cash management and the digital tools available to help in the 4 keys areas:

1. Collecting payments

2. Controlling expenditure

3. Forecasting cash needs

4. Ongoing review and monitoring

If you would like to understand your cash needs in more detail or would like to know more about how we can implement digital tools for effective cash management then please don’t hesitate to contact our Digital Services Manager, Sarah Smith, on the details below:

Sarah Smith

Digital Services Manager

direct dial: 01942 292527

email: sarah.smith@jsllp.co.uk


 

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