Cash is the lifeblood of your business. In our experience, a surprising number of successful companies do not focus enough on cash management. At the most fundamental level, the capacity to turn sales into cash faster reduces the cost of running your business. The ability to understand how and how quickly cash flows around your business allows you to ensure it is being used to your best advantage, and also allows you to ensure your borrowing requirements are minimised. Ongoing uncertainty remains within the financial markets, which has resulted in higher borrowing costs and more demanding credit terms. In the current environment, organisations that have cash reserves and can demonstrate a clear understanding of their own cash flow will be best placed to take advantage of growth and acquisition opportunities, whether that be through self- funding or borrowing.

Our cash management service is focussed on increasing cash flow by implementing practical and effective procedures to forecast, track, save, and generate cash. Our team has experience working with companies with turnover from $100,000 to over $5 billion, in crisis and non-crisis situations. We turn sales into cash faster and we give you and your staff the tools to sustain improvement.

Our approach is to provide practical, hands-on assistance with all aspects of cash management. We undertake a systematic assessment of cash management within a business and provide recommendations to improve cash flow forecasting, and the cash control environment. We then implement robust, concise reporting and procedures that will ensure you are getting the most out of your cash flow cycle. We can help you rebuild stakeholder confidence and provide you with comfort that your business is in the best cash position it can be.

How can McGrathNicol help you?

We provide the resources and processes to assist you to understand how cash flows around your business, then drive improvements in the management of cash and working capital. This is achieved through: