Blog Entries tagged 'cash concerns' Blog Entries tagged 'cash concerns' Sat, 01 Jan 2011 14:41:19 +0100 FeedCreator 1.7.2 Enhancing receivables processing

With average days’ sales outstanding of 44.5 days, US companies could see vast improvements in their receivables processing, according to a new report from Aite Group. 

Given the need for most companies to make best use of internal liquidity, any solution that can reduce the DSO cycle—which establishes how long it takes for companies to collect on invoices—is of value. Looking externally for a solution that can shorten pr [...] Tue, 24 Aug 2010 23:00:00 +0100 STP receivables liquidity DSO days' sales outstanding cash concerns Cash A/R Cash reporting standards must be improved

It is time to update and standardize cash reporting formats, according to a survey by the Association for Financial Professionals. 

It found that a vast majority of companies want to see the Banking Administration Institute (BAI) cash reporting format—which is used for everything from bank account information reporting to controlled disbursements to lockbox or receivables information reporting--standardized across banks.&nb [...] Mon, 02 Aug 2010 23:00:00 +0100 treasury management system ERP data standards data standardization data cash reporting cash management cash concerns Cash biztech Companies sitting on still more cash

A survey released today by the Association of Financial Professionals will do nothing to dampen the austerity versus stimulus debate.

To wit: Forty-three percent of US corporations had larger US cash and short-term investment holdings this May than they did six months earlier. Only 24 percent of respondents reported that their short-term holdings had shrunk during the past six months.

In a press release accompanying the findings, the AFP described finance executives  [...] Wed, 30 Jun 2010 23:00:00 +0100 Tax TARP recovery recession economy demand default consumer spending Congress cash management cash concerns Cash Carmen Reinhart Careers/Management capital expenditures capex Banks BP's market value shows reputation gone

The surest sign that BP's reputation has is worthless is the fact that its stock's market value is now about equal to the book value of its assets. After all, any premium over book value is normally considered to reflect a company's intangible assets, and in BP's case at the moment, its primary intangible is reputation, or rather the lack of one.

So observes Charles Mulford, an accounting professor at Georgia Tech and an editorial advisor to CFOZone.< [...] Thu, 17 Jun 2010 23:00:00 +0100 Risk oil production Obama Administration cash flow cash concerns Cash Will treasury operations ever be centralized?

Submitted by Niclas Osmund, republished from the Benche, a financial community for corporate treasurers. 

 A majority of treasury managers and professionals wish for more centralisation of a number of activities. For example payments, collections, liquidity structures and organisation set-ups. But, it doesn't seem to happen.

This is one of the conclusions we can draw from a survey that SEB together with GTNews has conducted every year since 2006. In the areas me [...] Mon, 03 May 2010 23:00:00 +0100 treasury Technology efficiency cost reduction cost cutting changing role of treasurers cash management cash concerns Cash accounts receivable Microfinance: A godsend for small businesses in the US

There's a current controversy about just how effective microfinance is in developing nations.  I'm referring to organizations that provide tiny loans to poor people, usually women, in India, Latin America, and Africa, to jumpstart a tiny business. 

 But what's lost in this discussion is how useful microfinance has been in the good old USA during the current downturn. 

 In this country, microfinance organizations are often nonprofits, providing [...] Tue, 09 Mar 2010 23:00:00 +0100 small business microfinance community development corporations cash concerns Beltway BS artistry at its best

We normally try to steer clear of purely political stuff here, just because it's so, well, political.

But the back and forth over President Obama's proposal to freeze non-defense discretionary spending, to be unveiled tomorrow night during the State of the Union address, is just too ironic to pass up.

I'll leave the political implications to others. Suffice it to say the move is more of a gimmick than a serious policy initiative, and a gimmick that may backfire at tha [...] Mon, 25 Jan 2010 23:00:00 +0100 Tax Obama Administration health insurance health care Congress cash concerns budget Oops. About that November increase in durable orders

This obviously is conspiracy theorizing at its worst, but it's hard not to scratch your head over the revision to the November report on durable goods orders that the Census Bureau quietly made on January 15.

Remember, the initial report of a 0.2 percent increase got major billing as a positive indication for the economy, even though the consensus expectation was for an 0.5 percent increase. As CNBC intoned, this was a sign of "a firmly entrenched economic recovery."< [...] Sun, 24 Jan 2010 23:00:00 +0100 recovery recession economy data consumer spending cash concerns capital expenditures As goes GE...

The results that General Electric reported on Friday for the fourth quarter of last year show that expectations continue to be everything on Wall Street. And so long as they're not as bad as expected, stocks will continue to rise.

Who knows, at this rate, maybe we'll never need a real recovery.

GE's shares rose 4.6 percent in pre-opening trading on the announcement despite a 19 percent decline in profits and a 10 percent fall in revenues from the year earlier quarter, [...] Thu, 21 Jan 2010 23:00:00 +0100 General Electric GE economy earnings cash concerns capital expenditures capex Finally, the secret of working-capital masters revealed

I remember years ago, when I was just learning about corporate finance, I met with a consultant who specialized in working capital. After about an hour discussing ways a company can free up cash from existing operations, he started talking about accounts payable and accounts receivable. And suddenly, a light bulb went off in my head.

"So, essentially, the idea here is to pay your bills slower and collect your receivables faster."

He smiled, and shook his head sheepis [...] Wed, 02 Sep 2009 23:00:00 +0100 treasury John Goff cash concerns Paul Volcker and money-fund amnesia

Would somebody please listen to Paul Volcker?

Volcker, onetime head of the Federal Reserve, has been quoted repeatedly in the last few weeks about the need to reform money-market funds. In fact, the former Fedhead has been talking for some time about the dangers of the funds, which essentially comprise a shadow banking system.

Volcker and his Group of 30--a private group that studies financial issues and problems--issued its proposals for reforming the money market industry way ba [...] Mon, 24 Aug 2009 23:00:00 +0100 treasury pensions legislation John Goff cash concerns Tribune Co., Reader's Digest: A Tale of Two Media Giants With Way Too Much Debt

You could go on and on about all the big-media dominoes that are teetering, but let's limit it here to just a couple of once-prosperous household names in the news lately.

First up, the Chicago Tribune, one of the pieces of the once-mighty Tribune Co., the sprawling media chain that's been slogging steadily toward bankruptcy these past many months after being woefully mismanaged and overextended (Tribune Co. also owns the Baltimore Sun, the L.A. Times, several other papers, and [...] Thu, 20 Aug 2009 23:00:00 +0100 Tribune Co. Reader's Digest News Corp. New York Times Co. media Gannett cash concerns bankruptcy