Proactively manage your working capital to help keep cash flow smooth

What can businesses do when they face a working capital or payment cycle issue? Edel Corrigan reports

In the current era with inflation and interest rate challenges, businesses would be well advised to take a proactive approach to managing working capital as a mechanism to maximise cash flows sustainably.

Most businesses face cash shortages from time to time. They produce goods and provide services which customers pay for later. Any hiccups in the payment cycle can create real problems for even the best-run companies, which still have to pay salaries, utility bills, suppliers and so on.

We look at the working capital funding options available to help companies get through those difficult periods.