Effective Cash Management Techniques Course

Providers of goods and services to an Organization want to be paid as quickly as possible. Sometimes they even demand payment in advance and usually get worried when payment is not made as at when they consider them due. In order to ensure that everybody id happy, the organization should develop a payment policy, which should be made clear to all and sundry.

Cash flow should be managed in such a way that funds will be viable to pay-off liabilities as at when due and in accordance with corporate payment policy. Where funds are unavoidably not available, the customer has to be professionally managed in a way that he does not feel hurt as no organization worth its salt can afford to flagrantly hurt its customers. Also, the organization has to ensure that value is received for payments; scarce resource that ate made in order to avoid waiting.

Partial Content:

• Developing the corporate payment policy.
• Discovering the latest time saver for processing payables.
• Update on requirements for handling payments in both the public and private sectors
• Cash flow Management to met payment requirements.
• Spotting weaknesses in current process to prevent costly errors.
• Streaming the entire payment process with simple techniques
• Basic documents that must be attached to a payment voucher
• Handling and safe keeping of payment Vouchers
• What to watch out for while approving an invoice of payment
• Managing payments in advance including the use of bonds.
• Effective controls for reducing duplicate payments, fraud and wasteful spending
• Essentials of managing mountain of invoices with ease.
• Tracking invoice and purchase order with new found ease and accuracy