Sufficient cash flow is incredibly important to the success of your business.
It’s a critical metric in business health. The amount of available cash your business has on hand at any given time affects both your daily and long-term operations.
Poor cash flow makes your day-to-day business operations more challenging and it also negatively affects your timeline on paying creditors.
Fortunately, there are ways to shorten your cash conversion cycle. Reducing the cycle length can even boost your bottom line through interest savings.