CATC-HCC is here to help every business succeed with establishing an effective cash flow management plan tailored to fit your business’ specific goals and needs. We’re here to help. Contact us today!

Here is a quick list of seven ways to manage cash flow better according to Inc.:

  1. Evaluate Current Cash Flow — Achieving a positive cash flow is an intentional effort that doesn’t happen by chance.”
  2. Tighten Up Net Terms on Invoices and Late Fees — If your net terms are 45, 60, or 90 days out, it’s time to re-evaluate.”
  3. Set-up Automatic Payments for Customer Invoices — Getting customers set up to pay by credit card, especially for recurring fees, is a great way to ensure timely payments.”
  4. Get the Best Terms on Invoices Owed — Get to know your vendors and negotiate the best terms on invoices you owe, with the longest possible timeframes.”
  5. Avoid Shortfalls by Having Reserve Cash — To save some reserve dollars for a rainy day, be sure to look at your cash flow forecast as well as how you budget spending.”
  6. Require Deposits for Services — Deposits for the kickoff of a project or service are a helpful way to provide a, albeit smaller but steady, flow of incoming cash.”
  7. Develop Key Performance Indicators (KPIs) for Cash Flow — An example here is tracking the average days outstanding in Accounts Receivable in which continued improvement over time will increase cash flows of the business.”


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