Tag: Cash Flow
Cash Flow is down
What could be the reasons for why cash flow is down? Are the company’s projects under-billed? Is there a record updated of current projects whose payments are due? Is the company’s revenue timely and appropriately revised? Are the company’s services billed on early basis and if not, how much is over due each month? How often does the company receive late payments? Do the project managers know about customers who pay late? Is the company’s operating line of credit high? Is the company’s monthly capital cost maintained and updated? Are the payments are made at an early stage? Are the payments…
Read More »Difficult Managing Cash Flow
It is difficult to manage spare parts and to know where they are located. They are often unaccounted for. You manage truck stock inventory. It is difficult to track parts, labor and expense detail. It is done manually. You have multiple systems to update. It takes much time. Information is not up to date. It is incorrect. The result is unknown. Information is scattered. You cannot get detailed information on costs. Unknown technician utilization. Unknown returns and repairs. Unknown impact. It is cumbersome managing contracts. Uncertain whether finished within a day. Need Excel spreadsheets. Need paper contracts in folders. Need…
Read More »Cash Flow
You have too much inventory. It is both, too much finished goods inventory and raw materials. There are no inventory turns. Do not know what they should be. Do not know the average on hand inventory value. Do not know what it should be. Uncertain what level of reduction would be meaningful to you. You have a lot of obsolete inventory. Do not know how to notify purchasing on which items will no longer be needed. Cannot easily identify every BOM or process that uses a specific item. You are concerned about decreasing margins. Unsure what kind of trends you…
Read More »Difficulty Managing Cash Flow
You must manually create invoices. It takes time. It delays billing. Errors are made often. There is a process to correct them. It delays payment. Uncertain how much. Customers require a different level of detail on their invoices. Uncertain how you will do that today. You have to manually create the invoices based on what a customer wants? It takes long. It delays cash flow. Employees and consultants do not always enter their time and expenses right away. They are late. It delays invoicing the customer. It causes invoices to be incorrect. You cannot get accurate reports on project information,…
Read More »Difficulty Knowing Cash Position and Managing Cash Flow
Posted by AJ Amjad Khanmohamed
— October 6, 2017
in Difficulty Knowing Cash Position and Managing Cash Flow
It is difficult to see cash position and cash flow. Uncertain how you will do today. There’s no drill down capabilities. You need to add up current and projected financials manually. It takes long. Accuracy is uncertain. It is difficult to track and compare budgets. Uncertain how you will do it. You need to manually compare printed budgets. You cannot view them on line. Uncertain to think how accurate comparisons are. Reporting is cumbersome. Need to export information to excel to run queries. Cannot see summary data. Cannot drill down on detail. Need to track dates to post. Need to…
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