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Improving Cash and Working Capital Management

Improving Cash and Working Capital Management

Four fundamental steps to build a robust cash management strategy

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Cash is key to the survival and growth of any business. As the global economy continues to face challenges, effective cash management to maintain a steady stream of working capital is an increasingly vital practice.

Regardless of the industry they operate in, businesses can demystify cash management by taking proactive steps to gain control over the situation. These include gaining visibility over cash flows, managing working capital needs, conducting thorough reviews to release illiquid cash, and ensuring the business model fully considers cash requirements.

Inefficiencies with regards to policies, processes and systems, as well as with an organisation’s culture and its people, can hinder cash management performance.  Data and analytics can help identify the root causes of these weaknesses and promote a healthy working capital position.

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