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Gary Brooks: Managing Cash During Troubled Times (Part 3)


This is the third in a series of posts about managing cash when a business experiences a downturn. Part One focused on overall efficiency of workflow processes and how being efficient during good times can help mitigate the impact during bad times. Part Two focused on banking and cash management. This post will focus on more aggressive actions that are taken when a situation is most problematic. ...


Gary Brooks: Managing Cash During Troubled Times (Part 2)


This is the second in a three part series of posts about managing cash when a business experiences a downturn. Part One focused on overall efficiency of workflow processes and how being efficient during good times can help mitigate the impact during bad times. Today's post will focus on banking and cash management. ...


Casey Hall: Managing IT Costs During a Downturn (Part 2)


This is the second in a series of posts on managing IT costs during challenging economic conditions. Part One focused on making sure to understand what the business strategy is so that cost decisions that IT makes support both the short-term and long-term goals. This post will focus on a methodology to rationalize IT capabilities and services in a way that provides support for the business while costs are reduced. ...


Gary Brooks: Managing Cash During Troubled Times


Financial downturns happen regularly to nearly every business enterprise, putting pressure on cash management. Lower sales and collections, slower payments to vendors, and reluctant investors and lenders all must be managed by the CFO. There are some fundamental things that businesses can do to handle these situations. The earlier they are addressed – hopefully before the downturn hits – the more effective financial leaders can be. ...


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