WORKING CAPITAL MANAGEMENT

LEARNING OBJECTIVES

In some ways, managing cash flow and managing the company’s working capital is the most important job of a CFO. While there are numerous ways to free up working capital, in this module we take a deep dive in the four core strategies to optimize working capital: accounts receivable, accounts payable, inventory and cash management.

How Cash is king. Certainly for companies that require cash to remain competitive, maintain financial flexibility and pursue potential growth opportunities. Companies primarily focused on accessing that financing externally, however, may be overlooking a large, hidden source of capital: their own balance sheets.

To be sure, accessing that cash requires organization-wide financial discipline and a clear working capital optimization strategy. On some level, most companies understand this. However, understanding is not the same as actively implementing strategies for improving your cash flow. If you don’t have a formal working capital strategy, have not adopted appropriate drivers and metrics or simply have not communicated clear policies across the organization, you may be missing out on opportunities to hit your free-cash targets, reduce costs, increase shareholder returns and fund growth.

In this module you will

• Assess areas within your organisation where working capital improvements can be translated to the bottom line

• Improve cash flow and liquidity by following a process of working capital assessment

• Develop a rigorous working capital plan to take your organisation forward in the current economic environment

• Interpret cash flow statements and ratios, and identify positive and negative corporate performance

• Appreciate why cash flow analysis is more important than balance sheet and income statement analysis

• Evaluate free cash flow and the ability of companies to meet their financial commitments

• Understand and apply the new concept of supply chain finance

DAY 1

Cash Management

• Cash management and liquidity

• Managing cash flow

• Financing working capital 

 

Working Capital

• Fundamentals of working capital

• Why working capital

• Ratios used in working capital

 

Identifying Cash Flow Problems

• The benefits of up to date forecasting

• Watching the market closely for changes

• How to avoid cash flow problems

 

Accounts Receivable

• Receivable Management

• Receivable cycle – ratios

• Ageing receivables

• Credit reporting - Signs that your customers are in difficulty

• Financing sales

• Terms of credit - Collection processes

Inventory Management

• Managing inventory

• Inventory cycle management

• Purchasing

• Minimum order quantities (MOQ)

• Financing inventory

• Just-in-time (JIT)

• Inventory systems

 

Payables Management

• The payables processes management

• Payables management

• Accounts payable department – functions

• Outsourcing payables

ABOUT THE FACULTY

JEAN-PHILIPPE MICHAUX

Jean-Philippe Michaux graduated as a commercial engineer from the Solvay Brussels School. He worked for ten years at PWC focusing on international groups and for various transactions such as mergers, divisions, IFRS conversions, ... In November 2010 he made the switch to Puratos where he works in the internal audit department. From January 2013 he held various positions within the financial team and in April 2014 he became CFO of the group. He is also a teacher at Solvay Brussels School (Master and Executive Education)

MORE INFO

HOW TO GET THE MOST OUT OF YOUR TRAINING

A good understanding of module “Understanding the Company” and “Financing and Investment Decisions” is necessary prior to attending this module.

Combine this module with module "Managing Growth"

Solvay Brussels School

Franklin Rooseveltlaan 42

1050 Brussels

 

The Solvay building is located in the green heart of Brussels, on the edge of the beautiful Ter Kameren forest and a 15-minute walk (or 5 minutes by public transport) from the bustling center of Brussels. If desired, there are numerous
accommodation options (hotels and (air) bnb) in the neighborhood and in the center of the city. Need help?  Do not hesitate to contact us.

1.650 euro, excl VAT

Other price formulas: 

  • You can choose to follow this module in the context of the EMF programme. If you complete all 15 modules in a period of 15 subsequent months, then you pay € 16.000. If you spread it over a period of 3 years, then you pay € 18.000. 

  • Five Module package: 7500 euro / 5x2 modules of your choice. 

  • In-company:  This training personalized as part of your in company: good idea! Call us. 

NEXT TRAINING DATES

SEPTEMBER 2020 10-11

 

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