This post concerns Strategy. Every well run company needs a strategy to be successful in the eyes of shareholders, customers, and employees. The CEO is ultimately responsible for the strategy a company pursues. The CFO plays an important role, too. CFOs tend to be much more knowledgeable about the finances, processes, and risk mitigation necessary […]
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Actively Manage your Cash Balances – February 2019
By Ned Armstrong on Friday, February 1st, 2019 | No Comments
This post involves Treasury. A cash sweeping system is designed to move cash in outlying bank accounts into a central concentration account(s), thereby maximizing the efficiency of cash disbursements, avoiding various bank imposed restrictions and charges, and receiving more income on idle cash balances. The disadvantages of cash sweeping include triggering some bank loan covenants […]
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