Finance managers should also explain the true benefits of products and give real examples of their uses.
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In this video, we address the common question of why sales are increasing but there is no money. I discuss the potential causes for this issue and provide insights on how to verify profitability. I also explain how inventory and accounts receivable can impact cash flow and offer tips on managing accounts payable. By understanding these factors, viewers can identify the root causes of low cash flow and take appropriate actions to improve their financial situation.
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"Why don't I have any money?" Sales are increasing every month, but it's not translating into more cash in the bank. Check out this 5-minute video explaining the main reasons why.
In this video, we address the common question of why sales are increasing but there is no money. I discuss the potential causes for this issue and provide insights on how to verify profitability. I also explain how inventory and accounts receivable can impact cash flow and offer tips on managing accounts payable. By understanding these factors, viewers can identify the root causes of low cash flow and take appropriate actions to improve their financial situation.
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In this video, we address the common question of why sales are increasing but there is no money. I discuss the potential causes for this issue and provide insights on how to verify profitability. We also explain how inventory and accounts receivable can impact cash flow and offer tips on managing accounts payable. By understanding these factors, viewers can identify the root causes of low cash flow and take appropriate actions to improve their financial situation.
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Helping CPG Brands Bring in Cash Faster | Fractional A/R Consultant | Turning Invoices into Working Money
Picture this: You're at the helm of a thriving CPG brand, but the market isn't static. It's churning, evolving, and you're grappling with questions. Are we staying on the pulse of change? How do we keep our products tantalizingly relevant? I know what you're thinking, it's a tightrope walk. A constant battle between innovation and market relevance. It's an apprehension that keeps you awake at night, isn’t it? Well, here's some food for thought. The answer might just be hiding in plain sight: Account Receivables. You're wondering, how does this financial concept tie into market relevance? Here's how: Turning invoices into cash helps pay the bills and fuels your growth phase. It's your secret weapon to staying afloat, innovating, and ensuring market relevance. We've been there, we've done that. We've worked with big CPG brands, helping them turn their Account Receivables into a key performance indicator. And guess what? We can help you do it too. We can equip you and your finance team with the skills to manage your AR, just like the big leagues. So, next time you're wondering about staying relevant, remember this: Account Receivables isn't just a financial term. It's your guide, your indicator of success. It's your tool to sustain growth and keep pace with the market. Do you want to know more about how to harness the power of Account Receivables? It's time to stop wondering and start acting. Let's turn apprehension into action, and uncertainty into success.
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Addressing Pricing Concerns with Clients: When a client questions our pricing, I always start by genuinely listening to their concerns. It’s important to understand where they’re coming from. I explain what makes our product worth the investment whether it's the quality, reliability, or the long-term benefits they’ll get from choosing us. I like to use real examples or feedback from other clients to show that the price is justified by our value. If there's room to adjust, like offering a discount for larger orders or spreading out payments, I’m open to discussing that, as long as it doesn’t undervalue the product. My goal is to ensure the client feels confident that they’re making a smart choice and that they trust our commitment to delivering value.
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Product/Sector Life Cycle How many firms when they encounter financial difficulties say something along the lines of “But we are doing the same thing we’ve always done”? The problems they may have is that all products and indeed sectors have a life cycle and will in time be replaced. This is one of the reasons companies need to operate having pre-tax at least 10% of revenue. Signs a product is aging come from the basis on which they compete. When a new product emerges the central question is “can we do it”? Before long however this is replaced by “how good is the quality”? and “can you meet our delivery requirement”? As time goes on, the product may tend to become more commoditised, and price become more important. That said price is never the only reason companies buy, although it may become an order hurdle. The takeaway from all this is that companies need to continue to invest in development, and also that they should ask themselves on a regular basis “why do our customers buy from us”? Answers to the latter provide the first signs things are changing. Aidan Condie Collingwood Management Limited 07710 376746 [email protected]
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All of us hate being broke, agree? Most Finance experts you come across will say, cash is king. Best companies are the ones that can convert their sales into cash easily. So how do they do it? What sorcery is involved? The answer is simple - with the help of accounts receivable (AR) KPIs. Experience a thought provoking indulgence in the world of AR observability and understand what metrics set these companies apart. What you waitin' for? Go on, read it then! https://hubs.li/Q02j6v5K0 Nilotpal Chanda Raghavendra Reddy Srividhya Gurumurthi #accountsreceivables #collections #arobservability #bluecopa #financeobservability
10 Best Accounts Receivable (AR) KPIs AR Teams Must Track
bluecopa.com
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Are you looking to optimize your food supply chain and increase profitability? Our latest expert guide breaks down essential strategies to improve your inventory management: ✔️ Implement just-in-time (JIT) systems ✔️ Leverage real-time tracking ✔️ Automate manual tasks ✔️ Conduct data-driven analysis ✔️ Perform regular audits ✔️ Prioritize seamless communication ✔️ Forecast demand accurately Learn how these techniques can transform your operations and drive growth. At Silo, we're committed to helping businesses like yours streamline inventory processes with our cutting-edge management solutions. Our cloud-based platform offers real-time tracking, automated reordering, and powerful data analysis tools to keep you ahead of the curve. Ready to take your inventory management to the next level? Check out our full guide and discover how Silo can support your success. 🌱📈 https://hubs.la/Q02DvvkT0 #InventoryManagement #FoodSupplyChain #ProduceBusinessEfficiency #Silo
Silo: Expert Guide On How To Improve Inventory Management
usesilo.com
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Cash is King by Anders Liu-Lindberg And the CFO is the king-maker... Here are 19 ways you can improve your cash flow: 1. VOLUME - More volume from existing customers 2. VOLUME - Bring in new customers 3. VOLUME - Get referrals from existing customers 4. VOLUME - Run marketing campaigns for new leads 5. VOLUME - Launch new products and categories 6. PRICE - Launch higher-priced new items 7. PRICE - Raise prices on existing items 8. COGS - Get better deals with your suppliers 9. COGS - Automate processes and production 10. COGS - Manager better and learn from returns 11. SG&A - Cut the marketing budget 12. SG&A - Optimize the payroll 13. SG&A - Cut other spend like travel and consultants 14. SG&A - Find new ways to run your logistics 15. PP&E - Increase return on assets 16. PP&E - Develop proprietary technology 17. INVENTORY - Increase inventory turns 18. INVENTORY - Better inventory management 19. INVENTORY - Increase your buying efficiency This is a partial list. There are so many ways you can optimize cash flow. It's essential that you identify through an analysis where is the most considerable potential. Then, bring the right people around the table to discuss actions to take. Decide what to do and follow up if you get the desired results. If yes, push for more. If not, find out why and execute better or do something different. That's the WHAT and HOW of increasing cash flow. Your move. What will you do next? Credit to Corporate Finance Institute® (CFI) for the image. ------ Follow ExpertiFi to learn from the best visuals. ----------
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Today, LinkedIn recommendation Question: How can I use purchase orders (purchse orders from customers )to improve company financial management? In Sales Division? Purchase orders from the customers. It's like having a financial road map: 1. Payment Assurance: It's serve as a commitment from the customers to buy products, ensuring I'll get payment for the goods or services. 2. Cash Flow Predictability: It can predict the when payment will come in, aiding the cash flow management. So I can plan inventory, production, and supply chain more efficiently. 3.Order Accuracy: Clearly briefing, before accepting or in the purchase orders, to prevent misunderstandings, reducing errors in fulfilling commitments, and avoiding costly mistakes. 4. Inventory Control: Having clear idea of knowing what customers order .it helps to manage inventory. I can stock the production needed, avoiding excess and shortages. 5. Financial Reporting: Stream lining financial reports for the month can easily track sales, monitor revenue, and access the health of business. #sales #financial #finacialmanagement #marketing #business
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