Cash Flow Forecasting

Cash is the lifeblood of an organization. Managing cash is as important as controlling expenses and generating revenues. Knowing how much you have, how much you need, what to do with excess cash, and what you will do if your cash runs out are all essential. Unless you can understand and plan for the timing of the actual cash that flows in and out, it is impossible to make effective decisions about spending, borrowing or expanding. An effective cash flow forecast will indicate to lenders or your investors what and when additional working capital maybe needed. This is key to establishing a good relationship with lenders and investors and a key part of our services offered.

Cash flow planning is a vital and dynamic exercise for any successful operation, as your ultimate success will most often have a lot to do with managing cash flow

Loan package/Business Plan

The business plan is critical to the new business and still important to the growing business. This plan is the blueprint to financial viability for the enterprise. The importance of controlling and having adequate cash flow will quickly become apparent when drafting the plan. The business plan is a working document and should be therefore revisited on a regular basis. With the use of computerized spreadsheets, cash flow forecasting under various assumptions are critical to acquiring funding from investors or bankers.

Funds acquisition and banking relations

Finding money to finance and grow a business can be challenging. Expansion often means having access to more money to take advantage of upcoming opportunities or unavoidable setbacks. Traditionally, bank financing is an entrepreneur’s most accessible funding source but banks have tightened their loan approval process and increased their security requirements. The best time to look for financing is when it’s not required. Organizations can improve their chances of obtaining financing by using a part time CFO as an advisor to help plan, write and present the business plan that target the financier’s interests. We can also enhance a relationship with the lender by keeping in contact and having regular meetings with your banker. Having a CFO even on a part time basis will lend creditability to the plan, and ensure that the banker knows you are serious about your commitments and give them reassurance that your internal reporting is timely and accurate.

Assistance managing Accounts Receivable and Accounts Payable

Efficiency in collecting your revenue and paying your bills can separate you from your competitors. Managing accounts receivable and accounts payable is fundamental to good finance and healthy cash flows. We can make sure you are performing these tasks efficiently and effectively