Strengthen Your Cash Position in the Covid-19 Crisis
How to get started with working capital improvements to free up corporate liquidity, both for surviving the crisis and improving cash management in the longer term.
Last year financial institutions, businesses, and consumers who use the Automated Clearing House network for payment processing gained the ability to send and receive same-day ACH credits. Companies found this capability quite useful and soon were engaging in nearly 200,000 of these transactions daily, according to NACHA, a nonprofit that administers and facilitates ACH payments. And in a TD Bank survey at the 2017 NACHA Payments conference, 40 percent of corporate finance professionals said that same-day ACH is among the top tools for getting paid quickly and lowering the costs of the finance function.
Following on the success of same-day ACH credits, the second phase of same-day ACH processing will enable originators to submit same-day debit requests beginning this Friday, September 15, 2017. As with the credits, same-day debits will be limited to domestic transactions of $25,000 or less.
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How to get started with working capital improvements to free up corporate liquidity, both for surviving the crisis and improving cash management in the longer term.
As companies attempted to shore up liquidity amid the pandemic, the cash conversion cycle lengthened 13 percent. Here’s how to look at payables and receivables going forward.
After years of working capital improvements, more companies are well-equipped—but are they ready?
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