How can a performance management system help you manage the funding gap?

Ondemand Webcast

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Abstract

When economies are growing quickly companies, governments and individuals borrow money and spend it in ever increasing amounts, buoyed by the certainty that the good times will continue forever.

Listen to Gary Simon’s opinion on how companies and public sector bodies around the world can react on have been de-leveraging their balance sheets, swapping debt for equity, conserving cash and increasing working capital.

Managing the gap between these two extremes requires deft management and superior systems. Overheads accumulated in good times are difficult to eliminate, capital projects cannot be switched off mid-stream and employment legislation reduces the options for shedding labour and the speed with which this can be achieved.

So tightly managing cash, forecasting banking facilities, re-working supplier agreements and staying within banking covenants becomes a critical activity. But getting a firm grip on cash forecasting can be extremely challenging. It involves several sources of information and few performance management systems seem to cope with the demands of cash forecasting without extensive programming. 

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