Top tips for modern cash flow management

Cash isn’t flowing the way it was five or ten years ago. Markets are volatile, the economy is changing, interest rates are rising, and there’s a lot of uncertainty about what tomorrow will bring.??

Having a pulse on your cash flow is an added layer of protection. When you know what’s coming in and what’s going out, you can make informed decisions, collaborate with other stakeholders, ask what-if, and make moves that will impact your organization’s growth.??

Today’s environment needs a modern approach to cash flow management. This means that finance teams need to move on from the way things have always been done in favor of processes that prioritize automation, collaboration and standardization. ?

This month, we’re sharing cash flow management tips and resources so you can overcome your roadblocks and streamline the way you manage, report, and spend your cash. ? ?

?? 10 ways your cash flow strategy can drive business growth?

Cash flow planning is an essential process for any finance team. But cash flow planning does more than just help you plan and allocate your resources. It's a significant growth driver—from investment opportunities, to allocating resources for R&D initiatives, to risk management. Get the rest of the tips on how to master your cash flow strategy in this article.

?? 4 tips to improve your cash conversion cycle?

Navigating your organization’s finances without understanding cash conversion cycle can be like trying to sail a ship without a compass. Cash conversion cycle is critical metric to track—and improve. This recent article shares four actionable tips that you can implement to improve your cash conversion cycle and drive business growth.?

??? Signs you might be ready for cash flow software?

Do you rely on short-term borrowings to cover operational expenses, neglect follow-ups on collections, or suffer from inaccurate invoicing? Or, just have general frustration towards the tedious, manual work required to forecast your cash flow in spreadsheets? If this sounds familiar, you might be ready to explore cash flow software. Learn more about what to consider when researching cash flow software and how to choose the right solution in this article.??

?? What is the best cash flow software for FP&A teams??

Cash flow software can help you overcome the challenges you face with cash flow planning and reporting. But with so many options on the market, it can be hard to know where to start your search. We’ve rounded up the 16 best cash flow software for finance teams, looking at everything from benefits to features and pricing, so you can find the best fit for you and your team.?

?? Can you show me the quickest way to plan my cash flow??

Modernizing your cash flow planning with the help of technology will give you unprecedented clarity on your decision-making that will impact you today, tomorrow, and in the future. We show you how in this short video! ?

?

Ready to take your cash flow management to the next level? Check out the Prophix blog for more resources.??

Cash flow planning and reporting doesn’t have to be cumbersome. See what you can do when you modernize the way you manage and report on your cash flow.?Comment below, share this newsletter with a friend, and subscribe to #BeyondTheNumbers for the latest finance insights and innovation. ?

?