By managing their working capital, firms can shorten their operating and
cash cycles and eventually increase their profitability (Hien Tran et al.
Microfinance institutions support these MSMEs by loaning small amounts of capital to support
cash cycles during production/service cycle or finance capital requirements.
Acudeen provides faster order to
cash cycles, solving cash flow issues that have been inherent in the industry," said Ward.
While Acudeen provides faster order to
cash cycles, it helps solve cash flow issues that have been inherent in the industry.
Due to SMEs facing delays with their receivables, many of them are finding it difficult to manage their
cash cycles, which might land them into trouble with Banks," said Usman Khakwani, Head of Business Banking, Noor Bank.
With prompt delivery possible, there is potential for cash savings and faster
cash cycles.
Combining the power of WMSSoft's Inventory Management system together with B2BGateway's EDI solution gives the MYOB Advanced user a complete, fully integrated software suite that will greatly improve their overall supply chain processes and speed up their 'order to payment'
cash cycles.
It offers short-term loans to SMEs that can be used to buy inventory, service new orders or optimise
cash cycles. Borrowers can apply online in a short time, select desired repayment terms and get funds in their bank accounts in seven days.
"Against the backdrop of its many years of extensive know-how in cash handling products and services for banks and retailers, Wincor Nixdorf has developed a concept for automated, closed
cash cycles that enables costs savings of more than 20 percent.
There are also opportunity costs related to using an outdated paper model, such as missed early payment discounts, decreased
cash cycles (the cost of not knowing outstanding invoices) and, more importantly, expertise that cannot be reallocated and refocused in other areas of the business.
Meanwhile, India's drug exporters are likely to see shorter
cash cycles for their working capital in 2010 in view of the improvement in global liquidity scenario, against an increase in working capital cycles during the tight liquidity situation in 2008 and the first half of 2009, Fitch noted.
One of the main benefits of the system is that it results in a reduction of inventory levels, as well as dramatically improved time-to
cash cycles, according to Art Mesher, Descartes' executive VP.
