10 Ways To Improve Cash in Your Company

Introduction to the 10 ways to improve your cash in your company on an orange and white background with an illustration.

Do you know the ways to improve cash as a finance professional?

As a finance professional, one of your key responsibilities is to ensure that your organization has sufficient cash to operate and grow.

However, managing cash can be a challenging task, especially when you are dealing with multiple stakeholders and unpredictable market conditions.

In this blog, we will discuss ten effective ways to improve cash and enhance your company’s financial stability.

10 Ways to Improve Cash as A Finance Professional

If you don’t know where to start, here are ten ways CFOs, finance managers, and other finance professionals can use to improve cash.

#1: Forecast and Adjust Spending

  • Step 1: Review past spending patterns and identify trends.
  • Step 2: Create a detailed budget that aligns with business goals.
  • Step 3: Monitor spending and adjust as needed to stay on track.

#2: Negotiate Better Payment Terms

  • Step 1: Analyze current payment terms with vendors and customers.
  • Step 2: Determine feasible improvements and set negotiation goals.
  • Step 3: Engage in negotiations and secure more favorable terms.

#3: Implement Cash Management Policies

  • Step 1: Establish policies for AR and AP.
  • Step 2: Monitor compliance with policies.
  • Step 3: Regularly review and update policies to ensure effectiveness.

#4: Align Cash Objectives

  • Step 1: Identify objectives for each department.
  • Step 2: Align objectives with the company’s cash goals.
  • Step 3: Establish regular communication to maintain alignment.

#5: Use technology to Improve Cash Flow

  • Step 1: Research available tools.
  • Step 2: Select tools that align with goals.
  • Step 3: Implement and train staff.

#6: Negotiate Payment Facilities

  • Step 1: Identify financing needs.
  • Step 2: Develop a negotiation strategy to secure favorable terms.
  • Step 3: Negotiate and secure payment facilities.

#7: Optimize Working Capital

  • Step 1: Analyze working capital needs.
  • Step 2: Determine the optimal levels of inventory, AR, and AP.
  • Step 3: Implement optimization strategy and track WCR.

#8: Manage Liquidity Performance

  • Step 1: Identify KPIs for liquidity management.
  • Step 2: Set targets for each KPI.
  • Step 3: Identify an action plan to meet the KPI and follow up.

#9: Build Cash Flow Planning

  • Step 1: Establish a cash forecasting model.
  • Step 2: Update the model with actual and new estimates.
  • Step 3: Review the results of the new updates and take action.

#10: Communicate and Educate

  • Step 1: Develop a communication plan that outlines the goals and objectives of cash management.
  • Step 2: Educate employees and stakeholders on the importance of cash management and how they can contribute to its success.
  • Step 3: Regularly monitor understanding and compliance to ensure the company is achieving its cash management objectives.

The Bottom Line – Follow the Tips to Improve Cash in Your Company

To sum up, improving cash flow is a critical component of financial management for any business.

By implementing the ten strategies outlined in this article, finance professionals and managers can optimize their cash flow and enhance their organization’s financial stability.

However, it’s important to regularly monitor and review cash flow to identify areas for improvement and make informed decisions.

Therefore, with a proactive approach to cash management, finance professionals can help their organizations achieve their financial goals and thrive in today’s competitive business landscape.


  1. Forecast spending
  2. Negotiate terms
  3. Implement policies
  4. Align objectives
  5. Use technology
  6. Negotiate facilities
  7. Optimize working capital
  8. Manage liquidity performance
  9. Build cash planning
  10. Communicate and educate

Finally, you can learn more about managing your cash and Finance by taking my course just as 300s finance professionals did!

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