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Take these 6 easy 30-60 minute steps to actively manage your cash flow
50% of businesses fail by their 5th year. 82% of those failed businesses say it is because of cash flow. ~ Small Business Administration What the heck is cash flow?! Cash flow for a business is critical to keeping your business going, paying your employees on time, and making sure you have your product available…
Unlocking Business Growth with Driver-Based Forecasting
In today’s fast-paced business environment, traditional forecasting methods often fall short. Relying solely on historical data doesn’t account for rapid market changes, evolving consumer behavior, or unexpected disruptions. This is where Driver-Based Forecasting (DBF) emerges as a game-changer, empowering organizations to make smarter, data-driven decisions. What is Driver-Based Forecasting? Driver-Based Forecasting focuses on identifying and…
BMO for Women: Financial Forecasting Workshop
BMO’s Jamie Doolittle, Head of BMO Business Banking for Central Region, Ontario, hosts Heather Tuason, CEO of Arena CEO, for a discussion about Financial Forecasting – the New Year’s resolution that pays off.
How To Improve Your Cash Flow & Cash Conversion Cycle
We have all heard “cash is king”. If there is anything more crucial to a growing business than profit, it is liquidity. While profitability can be manipulated on the balance sheet, your cash is discrete and finite. Investors and banks know this; as a result, they will use your cash position to determine your business’…
Mastering Accounts Payable: A Guide for Small Business Success
As a small business owner or financial manager, optimizing your accounts payable (AP) process is crucial for maintaining healthy cash flow and strong vendor relationships. Let’s explore key strategies to enhance your AP management, focusing on fraud prevention, optimized timing, and cost reduction. The Foundation of Effective AP Management Centralized Invoice Processing Implement a centralized…
