Cash Committee
Others
services
What is it?
This is a multidisciplinary group whose objective is to ensure cash maintenance, support renegotiations of existing contracts and review norms, policies and rules for disbursement of funds. This management tool helps to create a culture of austerity in spending.
Who is it for?
Aimed at companies, with or without cash pressure, that need to develop and disseminate a cash preservation culture.
Macro Steps
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Define the scope of action of the Committee
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Prepare the groundwork (daily cash flow, purchase requisitions/orders, accounts payable and accounts receivable)
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Define the Committee's participants (multidisciplinary group), frequency and communication format
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Companies with cash pressure: focus on prioritizing payments and renegotiating with suppliers to ensure working capital for the operation
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Companies with no cash pressure: focus on the moment before hiring, acting on requisitions/purchase orders and reviewing rules, policies and rules for disbursements to inhibit expenses that do not add value to the business
Deliverables
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Cash flow aligned with business needs
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Creation of a discipline for the purchasing/investment process
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Increased value creation for the business
