Question

In: Finance

If you think it about one way to optimize the cash cycle or effectively manage cash...

If you think it about one way to optimize the cash cycle or effectively manage cash is to speed up collections from customers.  What are some ways that this can be accomplished? Think about some application to where you work at.

Solutions

Expert Solution

Followings are some ways that this can be accomplished;

1. Improving sales times because it will help in quickly conversion of inventory into sales and ultimately it will improve cash position.

2. Making good relationship with the suppliers also help in optimizing the cash cycle or effective management of cash.

3. A firm can offer early payment discount to the receivables for making quick & early payments.

4. Firm may negotiate for better discount from the suppliers so that discount can be availed.

5. A firm may ask for better credits from the suppliers payment can be postponed for a ceratin time period which will help in optimizing the cash cycle or effective management of cash.

6. A firm may manage it invoice system so that quick & timely invoices can be sent to the buyers which will help in timely collection of money.

7. Online payment system will also help in optimizing the cash cycle or effective management of cash because due to this system our account receivables can make payment quickly.

8. A proper strategic financing policy will also help in optimizing the cash cycle or effective management of cash.

jeff jeffy answered 2 years ago
Next > < Previous

Related Solutions

Has phenomenology influenced the way your think about nursing care and the way you care for...
Has phenomenology influenced the way your think about nursing care and the way you care for patients?
If you had a picture that revealed the way you think and feel about yourself, what...
If you had a picture that revealed the way you think and feel about yourself, what would that image look like? What would others think and feel about you if they saw it? You can think about self-concept as the picture made up of everything about yourself: your likes, dislikes, emotional states, talents, interests, even your physical appearance. Your picture will also include what you believe others think and feel about you. Usually, these additions are others’ observations of your...
What are some strategies that you could use as a Health Care Manager to effectively manage...
What are some strategies that you could use as a Health Care Manager to effectively manage inventory and the supply chain? 300 words
1- Write down the actions leaders took to try and effectively manage the change. If you...
1- Write down the actions leaders took to try and effectively manage the change. If you feel leaders of the change were ineffective write down the actions they took that were not productive. What would you recommend they do differently? (Minimum 500 words for this #3) 2- Google “building a change culture” – read a few articles that interest you. What similarities do you notice across the multiple articles? Are there opposing thoughts?Share your research with your team. 3- The...
What are some strategies that you could use as a Health Care Manager to effectively manage...
What are some strategies that you could use as a Health Care Manager to effectively manage inventory and the supply chain? Please, I need at least 600 words. Reference: Health Care Operations Management: A Systems Perspective, 2nd ed. Langabeer, J.R. II. & Helton, J. Jones & Bartlett Learning (2016). ISBN: 978-1284050066 Thank You
What information had the greatest impact on the way you think about psychology? How will you...
What information had the greatest impact on the way you think about psychology? How will you apply this new knowledge in the future?
Do you think the media is too biased one way or another? Assuming that there is...
Do you think the media is too biased one way or another? Assuming that there is a bias, how do you think we should reduce that bias as a society? How do you avoid developing a bias in your news sources?
Think about the organisation that you work for or one with which you are familiar and...
Think about the organisation that you work for or one with which you are familiar and make a note of your answers to the following questions: How would you describe the process of budget setting within the organisation? How involved is your function or business unit in the process of budgeting? What are the key areas, if any, where you feel your function or unit makes a positive contribution to the budget-setting process? What are the main costs of your...
Think about a administrative program you are with or one that you would like to be...
Think about a administrative program you are with or one that you would like to be part of in Georgia USA and research how that program has been abused by the customer. How did the agency handle it? What safeguards were put into place? Do you agree with the efforts? Why or why not? What would you do to protect the taxpayer's money? Do your research, take up the duty of protecting public funds, and have at it!
Think about a administrative program you are with or one that you would like to be...
Think about a administrative program you are with or one that you would like to be part of in Georgia and research how that program has been abused by the customer. How did the agency handle it? What safeguards were put into place? Do you agree with the efforts? Why or why not? What would you do to protect the taxpayer's money? Do your research, take up the duty of protecting public funds, and have at it!
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT