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Duration 35 hours
Course Outline
Day 1: Fundamentals of Cash Management and Daily Positioning
- Introduction to corporate cash management principles
- Defining cash management roles and responsibilities
- Interconnections between treasury, finance, accounting, procurement, and operations
- Distinguishing between profit, cash flow, and liquidity
- Analyzing cash inflows, outflows, and liquidity
- Basics of the cash conversion cycle
- Operating, investing, and financing cash flows
- Analyzing bank balances and available cash
- Techniques for daily cash positioning
- Addressing cash visibility challenges
- Generating daily liquidity reports
- Practical exercise: Preparing daily cash positions
Day 2: Cash-Flow Forecasting and Liquidity Strategy
- Core concepts of cash-flow forecasting
- Direct and indirect forecasting methodologies
- Determining forecast horizons and planning periods
- Implementing rolling forecasts and liquidity planning
- Predicting customer receipts and operational payments
- Forecasting debt repayments and capital expenditure
- Managing uncertainty in forecasts
- Conducting scenario planning and sensitivity analysis
- Analyzing forecast variances
- Enhancing forecast accuracy and governance
- Practical exercise: Building a 13-week cash-flow forecast
- Workshop on forecast variance analysis
Day 3: Working Capital and Internal Cash Optimization
- Foundations of working capital management
- Optimizing receivables, payables, and inventory
- Understanding Days Sales Outstanding (DSO)
- Understanding Days Payable Outstanding (DPO)
- Calculating Inventory Holding Days
- Analyzing the Cash Conversion Cycle
- Improving collection and invoicing processes
- Managing overdue receivables
- Developing supplier payment strategies
- Evaluating early payment discounts
- Applying inventory optimization techniques
- Cross-functional working capital initiatives
- Practical working capital analysis exercise
- Group activity: Planning for improvements
Day 4: Banking, Payments, Funding, and Cash Concentration
- Managing corporate bank accounts
- Strategies for bank relationship management
- Reviewing bank fees and services
- Domestic and international payment methods
- Payment approval and authorization controls
- Fraud prevention and payment security measures
- Segregation of duties and internal controls
- Structures for cash concentration and pooling
- Zero balancing and target balancing concepts
- Intercompany funding arrangements
- Options for short-term funding
- Utilizing overdrafts, revolving facilities, and loans
- Short-term investments and deposits
- Practical exercise: Comparing funding options
- Case study on payment fraud prevention
Day 5: Cash Risk, Reporting, Technology, and Improvement Planning
- Managing liquidity and funding risks
- Counterparty and banking risk assessment
- Operational and payment risk management
- Interest-rate and foreign exchange risk mitigation
- Treasury technology and cash management systems
- Utilizing bank portals and treasury management systems
- Automated reconciliation and reporting
- Creating cash management dashboards and KPIs
- Developing policies and governance frameworks
- Management and liquidity reporting
- Integrated cash management case study
- Planning for cash management improvements
- Final assessment and participant presentations
Requirements
Participants are expected to possess the following foundational knowledge:
- A basic understanding of finance, accounting, or treasury functions.
- Familiarity with financial statements and cash flow concepts.
- Background experience in finance, accounting, treasury, budgeting, or related business roles is advantageous, though not strictly required.
- Proficiency in basic spreadsheet tools for forecasting and analysis exercises.
Testimonials (3)
The difference between strategy and plan
Berat Rahmani - Wallee Group AG
Course - Leadership and Team Management for Managers
Fun to talk
Jihan Fadila - BAF
Course - Root Cause Analysis (RCA) for Internal Audit
Very practical. Trainer was very flexible in ensuring we meet our needs.