Cash Management is the continuous monitoring of cash inflows and outflows primarily tracked by the Cash Flow Statement. Ultimately, the goal of managing cash flows is to maximize liquidity and minimize the cost of funds.
Cash is the backbone of a business and the primary means of paying off its obligations. If cash is not managed properly in the early stages, the business could fail no matter how great the business idea is. Proper cash flow management grants access to financing, expansion, and growth opportunities that are dire to a business’s success. Overall, cash management enables company’s to keep a level head when times get tight.
Venture First has the experience and financial acumen to sustainably manage cash for companies. We leverage our tried and true financial models and unwavering connections to ensure companies have the right amount of cash to weather the storm and experience growth. Venture First works day-today with its clients to reconcile cash, understand what the runway is, and determine the burn rate.