January 28, 2008

Cash is a Business’ Lifeblood

Filed under: Uncategorized — by TraderMade @ 5:18 pm
Tags: , ,

Cash is a business’ lifeblood. CASH, if managed well, a company will remain healthy and strong. Managed poorly, a company will go into some cardiac arrest.
When cash management hasn’t been considered an important issue, then the company’s short-term stability and it’s long-term survival might be in danger.
Today i have just found out that a poorly managed cash flows between branch offices might harm a business severely.
Will fix the issue immediately.
A first priority now.
Forming a centralized treasury system might be the answer. Some internet banking bridge between branch offices might need to be tapped. Klik BCA is the first choice but will study what the other banks might offer in this particular problem.
And some fresh cash injection might be needed too.
A very important lesson learned today.



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