How To Optimize Cash Management
While market conditions fluctuate, one thing stays constant for all businesses: the need for cash. Businesses can be profitable on paper but still face bankruptcy if they can’t pay their debts, and one thing that can help with that is optimized cash management.
Optimized cash management is necessary for all businesses, whether large or small. It’s the process of tracking, managing, and protecting your company’s cash flow. This includes money coming in from sales, investments, and financing, as well as money going out to pay for expenses, inventory, and debt.