Proactive financial management is more than just good business practice, it’s a strategic approach that involves anticipating future financial challenges and opportunities, rather than merely reacting to them. Proactive financial management involves a comprehensive approach, encompassing everything fromto strategic planning and careful risk assessment.
3. Identifying Risk: Early identification of potential cash flow issues allows your finance team to think proactively and act accordingly in order to avoid disaster. 6. Securing Financing: A positive future cash flow outlook can help you to secure funding when it comes time to scale, or support a loan application, as it demonstrates your ability to make repayments.
It’s impossible to see the future in a fast-paced and unpredictable business environment. But at Outsourced CFO, our financial consultants get close! By using best-practice forecasting tools and techniques we aim to ensure that your cash balance at month-end does not catch you by surprise.