Could your company use more cash to support operations, to make payroll, or to support customers’ accounts receivables? Increases in cash can reduce debt or provide for more distributions to shareholders. In her experience of leading companies in various industries across the nation, Ruth Wallace (founder of CFORuth & Associates) has found that there always seems to be an opportunity to increase cash flows.

Consider the following in your company:

How frequently do you issue invoices?
What is the time lag between delivery of product or service and your invoice issue date?
If you sell under long term contracts, have you included any allowable price adjustments?
What are your credit terms?
Does the leadership team review customers’ account aging reports?
Do you accept credit card payment? If so, when in the cycle? Do you find credit card payments are often made when an account is past due?
How quickly are receipts deposited?
How do you negotiate vendor terms?
How often do you pay accounts payable invoices?

These are a few areas every company should consider when evaluating cash flow and choosing what metrics to measure the company’s success.

How can CFORuth & Associates assist you?

Contact Ruth and schedule a one day affordable review to determine if your team is leaving “cash” on the table.

CFORuth & Associates leads performance improvement and dynamic change initiatives. Working together, we can achieve more.