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How can corporate advisory services help you manage your working capital?

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Working capital is the difference between your current assets and liabilities, and it reflects your ability to meet your short-term obligations and fund your daily operations. However, managing your working capital effectively can be challenging, especially in times of uncertainty, volatility, and disruption. That's why you may need the help of corporate advisory services, which are professional firms that offer strategic guidance and solutions to optimize your financial performance and position. In this article, we will explore how corporate advisory services can help you manage your working capital in four ways: by assessing your current situation, by improving your cash flow, by reducing your costs, and by enhancing your value creation.

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Nicolas Babin

Business strategist ■ Catapulting revenue & driving innovation ■ Serial entrepreneur & executive with global experience…

1 Assess your current situation

The first step to managing your working capital is to understand your current situation and identify any gaps, risks, or opportunities. Corporate advisory services can help you perform a comprehensive analysis of your working capital cycle, which includes your inventory, receivables, payables, and cash conversion. They can also benchmark your performance against your industry peers and best practices, and provide you with insights and recommendations on how to improve your efficiency, liquidity, and profitability.

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GHULAM ABBAS MERCHANT

CHARTERED MANAGEMENT ACCOUNTANT
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Corporate advisory services aid in optimizing working capital management through financial analysis, cash flow forecasting, and debt optimization. They streamline processes, improve efficiency, and mitigate risks associated with working capital. By offering tailored strategies and expert guidance, these services assist in enhancing liquidity, reducing costs, and ensuring compliance with regulatory standards, ultimately strengthening the company's financial health and resilience.

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Felipe Oliva Lazzerini

Founder and CEO of BCN Global | Official LinkedIn Partner | MBA Business Management | bcnglobal.com
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Los servicios de asesoramiento corporativo para el efectivo circulante pueden ser fundamentales para apoyar a la salud financiera de la empresa. Muchas veces las empresas quiebran por el flujo. Estas asesorías permiten entender y dise?ar políticas de pago a proveedores, estrategias de financiamiento y análisis de inventarios entre otros temas. Es fundamental además mantener al día un análisis de tesorería acumulada para prever riesgo de quiebre de caja a tiempo y tomar las medidas correctivas necesarias.

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2 Improve your cash flow

The second step to managing your working capital is to improve your cash flow, which is the amount of money that flows in and out of your business. Cash flow is crucial for your survival and growth, as it enables you to pay your bills, invest in your assets, and cope with unexpected events. Corporate advisory services can help you improve your cash flow by helping you optimize your working capital policies, such as setting optimal credit terms, collecting payments faster, managing inventory levels, and negotiating with suppliers. They can also help you implement cash flow forecasting and monitoring tools, and advise you on how to access external financing sources if needed.

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Jarek Jarzebowski

Digital and Strategic HR | Szkolenia, wyst?pienia, konsultacje
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Improving cash flow is especially important when we are in such uncertain times. A few years ago, when financing options were more available, companies (especially early stage tech start ups) could have focused on growth and getting users, but now getting to profitability and focusing on cash flow is paramount. There are number of ways to do it, but definitely bringing a second pair of eyes might be helpful, since when we are immersed in the business we might not recognise some of the unnecessary costs or ways to bring more cash to the company.

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3 Reduce your costs

The third step to managing your working capital is to reduce your costs, which are the expenses that you incur to run your business. Reducing your costs can help you free up more cash, increase your margins, and enhance your competitiveness. Corporate advisory services can help you reduce your costs by helping you identify and eliminate any waste, inefficiency, or duplication in your working capital processes. They can also help you streamline your operations, automate your transactions, and leverage digital technologies to improve your productivity and quality.

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4 Enhance your value creation

The fourth step to managing your working capital is to enhance your value creation, which is the ability to generate more value for your stakeholders, such as your customers, employees, shareholders, and society. Enhancing your value creation can help you increase your customer loyalty, employee engagement, market share, and social impact. Corporate advisory services can help you enhance your value creation by helping you align your working capital strategy with your business objectives, vision, and values. They can also help you innovate your products, services, and business models, and create a culture of continuous improvement and learning.

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5 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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Nicolas Babin

Business strategist ■ Catapulting revenue & driving innovation ■ Serial entrepreneur & executive with global experience ■ Board member ■ Author
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In my experience, corporate advisory services can play a pivotal role in optimizing your working capital by offering tailored strategies for better inventory management and receivables. They provide insights into aligning your payment terms with suppliers and customers to ensure a smoother cash conversion cycle. Furthermore, these services can facilitate access to innovative financing solutions that improve liquidity without compromising operational stability. By leveraging their expertise, companies can navigate market volatility more effectively, ensuring they maintain an optimal balance of resources to meet operational demands and seize growth opportunities.

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How can corporate advisory services help you manage your working capital?

1

2

3

4

5

1 Assess your current situation

2 Improve your cash flow

3 Reduce your costs

4 Enhance your value creation

5 Here’s what else to consider

Business Management

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How can corporate advisory services help you manage your working capital?

1

2

3

4

5

1 Assess your current situation

2 Improve your cash flow

3 Reduce your costs

4 Enhance your value creation

5 Here’s what else to consider

Business Management

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