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Our service:
Accounting Operations
Accounting operations are the lifeblood of your business, driving smooth, efficient financial operations. By helping you manage your cash flow, accounts payable and receivable, and treasury functions, we will keep your business on track to meet its financial obligations. Here's how we do it.
Cashflow
Management
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Cash Flow Forecasting: This involves projecting future cash inflows and outflows based on historical data, sales forecasts, and planned expenditures. Accurate forecasting will help your business anticipate potential cash shortages and surpluses, allowing you to make informed decisions, such as securing financing or timing large expenditures.
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Cash Flow Optimization: Managing the timing of cash inflows (from accounts receivable) and outflows (to accounts payable) to maintain a healthy cash balance. This may involve negotiating better payment terms with suppliers or offering incentives for early payment from customers.
AP / AR
Management
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Accounts Payable Management: Proper management of AP ensures that your business maintains good credit terms and avoids late fees or strained supplier relationships. It may also include negotiating payment terms to improve cash flow, such as extending payment periods or securing early payment discounts.
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Accounts Receivable Management: On the AR side, the focus is on ensuring timely collection of payments from customers. This includes issuing invoices promptly, monitoring aging receivables, and following up on overdue accounts. Effective AR management helps reduce the risk of bad debts and will improve your business’s cash position.
Treasury
Management
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Banking Relationships: Managing relationships with banks and financial institutions is key to securing favorable terms on loans, credit lines, and other financial products. A strong banking relationship can also provide access to additional financial services and support. We partner with you to act as a liaison with your financial institutions.
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Debt Management: Managing debt obligations involves ensuring that your company meets its repayment schedules while also optimizing the cost of capital. This may include refinancing debt to take advantage of lower interest rates, restructuring debt to improve cash flow, or monitoring required bank covenants.