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Business Advisory

Optimising Cashflow: Strategies to Minimise Cash Lockup

Posted by: Ewen Fletcher on

Optimising cashflow is essential for businesses, requiring a clear understanding of the pivotal difference between profit and cashflow. While profit mirrors invoiced work or goods sold, cashflow represents the tangible money in the bank. The primary challenge lies in minimising cash lockup, where funds become entangled in work in progress or outstanding invoices.

Key Processes for Improvement:

Billing Efficiency:

optmising cashflow concept

Collections Optimisation:

Implementing these Changes:

Consider making these strategic changes to your billing and collection processes to significantly decrease cash lockup. These adjustments not only streamline operations but also enhance the overall customer experience.

Reducing cash lockup is pivotal for optimising cashflow. By addressing billing and collection processes, businesses can unlock funds that are otherwise tied up. For a comprehensive approach tailored to your business, consult with us to create a Cashflow Management Plan. Let us guide you towards tangible improvements in your cashflow – a transformation in cold, hard cash.

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