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In general, business cash management is concerned with maximizing cash flow, maintaining a cash reserve, managing business lines of credit, and improving operational efficiency. Some of the techniques for cash flow management assisting the CCC (cash conversion cycle) Arranging to pay suppliers accordingly, pay your accounts payable as late as possible without damaging the firm's credit rating, but take advantage of any favorable cash discounts for paying on time...
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Collections of accounts receivable should be made as quickly as possible without losing future sales because of high-pressure collection techniques. The longer your customer's balance remains unpaid, the less likely it is that you will receive full payment. Conversely, the faster you collect on your receivables, the shorter your operating cycle will be...
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