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At
Beacon Consulting Associates, we assist business owners and management
to improve their cash management techniques.
Cash
Management is a common-sense approach to managing cash receipts
and cash disbursements to insure that all of the company’s
critical obligations are discharged on a timely basis so as not
to interrupt operations. Many
businesses manage their cash with little forethought and without
a plan. Often, the
decision whether or not to pay an invoice relates only to the presence
of sufficient funds in the bank account.
An invoice may come due, and if there is sufficient money
in the account, the invoice gets paid.
However, another large, more critical bill may come due shortly
thereafter, and the bank account now has insufficient funds.
Additional incoming cash may not be due for another week.
And the first bill
may have been a low priority, and could have waited to be paid. The result could be a penalty
or, even worse, a delay in receiving critical raw materials. Beacon Consulting Associates can customize a system to routinely forecast cash flow three to six months out, and teach the appropriate personnel how to manage that system. A Cash Management System developed especially for your business can save money by reducing interest and penalties and insure uninterrupted operations.
A
Cash Management System is Especially Essential for:
· Growing businesses · Businesses trying to re-invent themselves · Businesses in need of financing · Businesses requiring improved financial and operating controls ·
Businesses experiencing financial difficulty Beacon
Consulting Associates
has developed cash management systems for manufacturing companies,
computer consulting firms, internet/e-commerce ventures, communications
companies, and many others. Our
first consultation is at no charge.
If we are selected to develop a Cash Management System for
your business, we begin with a planning meeting at which we determine
the unique issues and requirements of your business.
We then prepare a realistic time plan to develop the Cash
Management System, train in-house personnel and implement the system. We
work to your budget.
Frequently, we can hold the costs within a budget by having
client personnel assist with historic cash flow analyses and other
related data gathering. We
charge by the hour. Our
hourly rates are reasonable and we are flexible in tailoring the
engagement to meet your cash limitations. We
will provide references upon request.
Since
our founding in 1986, Beacon Consulting Associates has dedicated
itself to serving the small-to-medium size business community by
providing a broad range of consulting, financial and accounting
services………Cash
Management Systems are only one of them For more information on Beacon Consulting Associates and our full range of consulting, financial and accounting services, contact us |
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