Cash Management

Cash is King!..  A well run retail operation not only benefits from its creditors to its maximum extent but collect receivables effectively as well. Often times retail operations overlook dead cash which might be lying around somewhere on their balance sheets unnoticed instead of being active in their bank account. Daily and accurately used well designed cash reports guide successful dealers to keep track of cash and not get caught of guard. Liquidity translates into enhanced net worth. Most retailers consider their bank balances to reflect their true available cash which happens to be farther from the truth. A real cash management is an essential and integral part of daily operations, therefore requires various checks and balances:

  • Bank reconciliations
  • Receivable analysis
  • Payable schedules
  • Deposit accounts
  • Daily cash reports

Convergent Alliance offers auto retailers a one stop shopping choice for all of their interconnected areas ...
Convergent Alliance offers auto retailers a detailed comparative analysis of their competition ...
Frequently Asked Questions will help you quickly get answers to the most commonly asked questions ...