This case study highlights how an effective IT road map helped a manufacturer reduce their production inventory from 29 to 3 days and dramatically improved their cash position. It is a lesson demonstrating how CFOs can partner with operations to improve their working capital position by accelerating their cash conversion cycle.
In today’s dynamic and competitive world, your professional reputation is a game-changer that can transform your career and entire life. It’s not something you should leave to chance; instead, it’s a crucial aspect of your personal brand that you should actively shape. Hoping for the best won’t cut it – you need a strategic game plan to establish yourself as an expert in your field, whether it’s Accounting, Finance, or any other domain.
Sometime along their journey many businesses come to a crossroads where they must choose to innovate, expand, or navigate a sudden cash flow challenge. Additional capital may help them reach a particular goal or just keep the lights on. Since traditional lending methods are typically more familiar, they tend to be the more popular choice. However, there are several alternative funding options for businesses, such as invoice factoring and asset-based lines of credit, that may offer unique advantages.
The majority of middle market companies started as small, conservative enterprises. As they grew many employees continued to wear several hats and perform multiple tasks within the organization. It may be just fine for a small business to have their receptionist double as their accounts payable clerk.
Here are few easy steps CFO.University Members can take to capture even more value from your investment in CFO.University.
