6 WAYS TO ASSESS THE IMPACT OF CASH TRANSACTIONS

FOR FINANCE DIRECTORS

With cash use on the rise for the first time in a decade, organisations need to optimise their processes for efficiency.

7%Cash use increased
 in 2023.

There are six ways to assess the impact of physical cash transaction on your organisation and its overall efficiency.

Source: UK Finance

1. Cash flow analysis

Assess the timing of cash inflows and outflows to predict how they are affecting the liquidity of the business.

Cash flow analysis icon
cash conversion cycle icon
cash conversion cycle icon

2. cash conversion cycle

Calculate the cash conversion cycle to measure the time it takes for cash to be invested in inventory, sold, and collected.

3. CASH-TO-CASH CYCLE

This cycle measures the time it takes a business to convert cash spent on raw material into cash received from customers. A shorter cash cycle means improved efficiency.

4. CASH HANDLING COSTS

Calculate the costs associated with handling cash, including counting, storing, and transportation.

5. WORKING CAPITAL MANAGEMENT

This cycle measures the time it takes a business to convert cash spent on raw material into cash received from customers. A shorter cash cycle means improved efficiency.

Cash flow analysis icon

6. FORECASTING AND BUDGETING

Calculate the costs associated with handling cash, including counting, storing, and transportation.

41% of organisations admit to having entirely manual cash handling processes.

It’s time for CashTech.

BRINGING DIGITAL PRECISION TO CASH

PayComplete Logo