Ways to protect cash flow
With cash flow so fundamental to the success of any business, it’s important to be proactive in cash flow protection rather than reactive once cash flow issues occur.
Trading on credit terms is a common cause of cash flow problems. By providing goods and services on credit, cash can quickly become tied up by the need to pay suppliers and meet day-to-day commitments, such as staff wages and mortgage payments, before you are paid by customers. This problem can then be exacerbated further when customers miss payment due dates, which is so common in today’s marketplace.
Alongside late payments, there are many other triggers that can lead a business to seek out cash flow protection.
At Hilton-Baird, we can help your business to protect its cash flow by matching your business’s requirements with the most suitable facility or combination of facilities, affording you the level of cash flow protection you desire.