Longer available moneys are often parked in Treasury Bills or other government agency notes. The PC management system of previous day results, multi-bank reporting, internal transfers, stop payment notices and electronic mail gives a company timely and comprehensive information about their cash position on each business day. The checks are immediately processed and credited to your bank account, again resulting in effective and efficient cash status reporting. While not always obvious as a cash flow issue, continual recruitment and training of new employees is an expensive process, often sapping the energy of personnel who could otherwise be using their resources to create goods or services for sale. A very important element in managing cash flow is having an effective Human Resources professional who implements meaningful recruitment and retention programs.
Opportunity is missed by most people because it is dressed in overalls and looks like work.
Time taken to implement some of the above listed strategies can only result in greater cash flow for your company's future. Please call me or your Account Handler for assistance in analyzing your current cash management policy or implementing a better one.