Stacy Galligan, CPA’s Post

CFOs with 60 to 75 day DSOs are flirting with cash-flow disasters. Get a proven plan to cut your DSO by 40% in 90 days. 👇 Stacy Galligan and I have led successful cash optimization transformations for 18 businesses and counting. Most CFOs start here: ❌Expanding collections teams ❌Creating incentives for salespeople ❌Implementing a new ERP And that 60 or 75 day DSO barely improves, if at all. Wasted time and resources; risk not averted. Especially in an inflationary economy. It’s time to address the underlying cause before that inevitable disaster that will endanger your business and the job security of countless employees. But, what are your options? ✅ Good news! We’ve validated 3 proven plans of attack, 18 times over. Consistently, conquering a variety of variables. And we’re going to walk you through all 3 of them, step by step, deconstructing best practices so you can achieve the same 40% reduction in DSO. Which strategy will work best based on your resources and limitations?

▶️5 Top cash flow forecasting challenges and solutions   Welcome, CFOs!   In today's uncertain and high-interest-rate era, honing your cash flow forecasting skills is crucial for staying ahead.   I'll delve into the top 5 challenges in cash flow forecasting and provide practical solutions to help you. Let's get started!   5 Top cash flow forecasting challenges and solutions   Welcome, CFOs!   In today's uncertain and high-interest-rate era, honing your cash flow forecasting skills is crucial for staying ahead.   I'll delve into the top 5 challenges in cash flow forecasting and provide practical solutions to help you. Let's get started!   ▶️Inaccurate Data Input Challenge: Relying on outdated or erroneous data. Solution: Implement robust data validation and integrate real-time financial systems to ensure accurate and reliable inputs.   ▶️Volatility in Market Conditions Challenge: Market shifts that render forecasts irrelevant. Solution: Utilize predictive analytics and establish a system for regular updates to adapt quickly to dynamic market conditions.   ▶️Lack of Expertise and Tools Challenge: Limited skills and tools hinder detailed forecasting. Solution: Invest in comprehensive staff training programs and leverage AI-enabled software to enhance forecasting accuracy and efficiency.   ▶️Complexity of Global Operations Challenge: Managing cash flows across different currencies and regulations. Solution: Harness the power of specialized software solutions designed to handle international complexities seamlessly.   ▶️Short-Term Focus Challenge: Neglecting long-term planning can lead to strategic misalignment. Solution: Strike a balance between short-term forecasts and long-term strategic goals to ensure sustainable growth and optimal decision-making.   By addressing these five challenges head-on, you'll empower your organization with accurate insights, robust risk management, and long-term success amidst economic uncertainty and high interest rates.   Remember, mastering cash flow forecasting isn't just about crunching numbers. It's about driving strategic growth and making informed decisions. Let's embark on this journey together!   What other challenges would you like to add? 🚀🎯   🔔 Ring the bell at the top right of my profile so you don't miss out on new posts.   🧑🎓 Learn how we can help your finance team at www.ecmcg.com   🤝 Contact me at echavez@ecmcg.com if you want to pick my brain #financetransformation #finance #cfo #workingcapital

Your cash flow forecast is not a valuable working tool unless you delve deep into your data to create the forecast and then regularly update it as things change with your business. What does it take to create a strong cash flow forecast? #StrongCashFlow https://lnkd.in/g-kCE4Ja

Analysts predict an increasingly volatile operating environment, so CFOs must stay ahead of the curve by delivering profitability. This article from CFO.com takes a look at five ways to do so. 

Analysts predict an increasingly volatile operating environment, so CFOs must stay ahead of the curve by delivering profitability. This article from CFO.com takes a look at five ways to do so. 

Efficient short-term cash forecasting saves time and enables better decision-making during disruptions. Analyzing forecast accuracy helps refine the process. In moments of disruption, quick forecasting is crucial for staying profitable. https://lnkd.in/ev5Qw_eA

Analysts predict an increasingly volatile operating environment, so CFOs must stay ahead of the curve by delivering profitability. This article from CFO.com takes a look at five ways to do so. 

Analysts predict an increasingly volatile operating environment, so CFOs must stay ahead of the curve by delivering profitability. This article from CFO.com takes a look at five ways to do so. 

Analysts predict an increasingly volatile operating environment, so CFOs must stay ahead of the curve by delivering profitability. This article from CFO.com takes a look at five ways to do so. 

The word metrics and KPIs may sound confusing to some but how do you know if you’re on track to reach your desired goals? The EOS Scorecard gives you an easy way to understand if you’re headed in the right direction or if you arent’t. It’s simple and easy to implement and our clients love it. #eos #eosinolementer #leadershipdevelopment