7 Strategies for Boosting Cash Management

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The economy is brighter, but companies are still scrutinizing their cash positions. They’re concerned about health care and regulatory costs, as well as customers who seek to maximize the value of every dollar spent. As a result, many are working harder to provide value and win business in a fiercely competitive environment. That pressure is playing out in the steps finance executives are taking to manage cash.

Companies continue to squeeze money out of operations, build cash reserves and renegotiate terms—all to be prepared should business conditions shift. To maintain their footing, companies also need to maintain and improve collections and credit, revamp internal processes, and tap into investors for more than cash.

Here are some ways companies can improve cash management.