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With the global economy in crisis, companies are seriously challenged to maintain desired profit margins and generate the cash and liquidity required to fund normal operations. Some strategies that can help you cope:

• Ensure healthy cash flows. Because it is the company’s primary source of cash, you must manage your accounts receivable to make sure that the amount and timing of critical cash flows are not compromised. For example, you can accelerate the cash conversion cycle with process improvements that streamline the receivables cycle.
• Gain greater visibility into the sources and uses of your cash. Get a complete view of your entire financial value chain. The resulting insight can improve your ability to forecast cash and optimize overall cash management.
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• Increase control over cash on hand. Manage the cash you have to provide maximum value for your business. Such control, however, is particularly challenging for companies with global operations that have cash balances fragmented across many banks in different geographies. Get better connected to your banks, and pursue the best cash strategies for your company.

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