A Better Option For Cash Flow Management
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Managing cash flow is one of the most challenging issues for CFOs, even in good times. In order to meet customer demands, firms are challenged to make cash flows match operational needs. Our award-winning featured speaker, Jody Padar, provides tips on how you can lower your cost of capital, overcome your cash flow concerns and improve your liquidity position. Ms. Padar is a Certified QuickBooks® Pro Advisor and is a member of the Intuit Trainer Writer network. She was recently name to one of CPA Technology Advisor's Top 40 Under 40.
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A Better Option For Cash Flow Management
- 1. A Better Option For Cash Flow Management January 14, 2010
- 2. James J. Matousek, CPA LTD www.matousekconsulting.com 2009 The CPA Technology Advisor “40 Under 40” award winner AdjunctProfessor, OaktonCommunityCollege, Des Plaines, Illinois Intuit Trainer Writer Network Jody L. Padar, CPA MST
- 4. Cash Flow Management Tips
- 5. What Differentiates Exchange Traded AR
- 6. The Receivables Exchange, A New Solution
- 7. Q and A SessionAgenda
- 8. Cash Flow Necessary to Sustain Growth “You can survive decreased profits if you have cash flow, but…if cash flow takes a dive, you’re in trouble.” Fortune Small Business, February 2009
- 10. Take market share from competitors
- 12. Diversify your sources for working capital
- 15. Review your credit policies and credit histories of your clients
- 16. Bill customers as quickly as possible
- 17. Disburse payments only when they are due
- 19. Delay cash outflows until they come due
- 20. Invest surplus cash to earn a rate of return
- 21. Borrow cash at the best possible terms
- 23. Knowledge of Funds….What Capital you have…so your know what bills to pay and what you will have for Growth
- 25. Quick access to cash
- 26. Free up working capital
- 27. Leverages your customers’ good credit to improve your cash flow
- 29. Efficient market ensures best price
- 30. Additional debt not added to your balance sheet
- 31. Total transparency surrounding the auction process and fee structure
- 34. Transparent
- 35. Efficient
- 36. Global
- 38. Inefficient
- 39. Local
- 41. Which invoices to auction
- 42. When the auction closes
- 44. Maximum discount fee paidA/R Seller A/R Seller A/R Seller A/R Seller A/R Buyer A/R Seller bids that fall outside of parameters are invalid
- 45. How The Exchange Works 30th Day 11:07am Submit Bid (Buyer 2) Advance: 90,000 Disc Fee $1,500 Win Auction (Buyer 2) Advance: $90,000 Disc Fee: $1,500 Submit Bid (Buyer 1) Advance: 88,000 Disc Fee $1,700 6 TRE Remits Receivables Buyer $91,500 Invoice Pays $100,000 3 Tuesday 1:30pm 4 2 Tuesday 5:00 pm Wednesday 3:00 pm 7 Monday 9:30am 30th Day 12:07pm 1 Thursday 10:00 am TRE Remits Seller: $8,500 Post Auction Invoice: $100,000 Min Advance: $80,000 Max Fee: $2,000 5 Advance Funds $90,000 (Less TRE fees)
- 47. HVAC Contractor
- 48. 23 Employees
- 50. 75% Advance
- 52. January Auctions
- 53. 85% Advance
- 55. Knowledge of Funds Coming in (Cash for Friday)
- 56. Cheaper or similar to accepting Credit Card
- 57. No Contact with our customer/uses Oracle System
- 58. Control over receivables that are sold- some, all, or none-client or customer specific
- 59. I can watch in real time
- 61. The Receivables Exchange The World’s First Online Marketplace for Real-Time Trading of Accounts Receivable Contact Us:
Editor's Notes
- 2010 goal for many CFO’s CEO’s and Business Owners is position their firm for growth when the economy rebounds. Cash is the most liquid of assets and it represents the lifeblood for growth and investment. In order to generate cash, we must efficiently and effectively manage the activities that provide cash.
- Cash flow management is a very effective way to improve profitability and a good solution for obtaining growth