How to improve cash flow for eCommerce?
Asked 2 years ago
We are looking for ways to adjust our business processes for improving our cash flow, because we could likely be more profitable. Our stocks and suppliers are already well managed, but what are some other assets and investments that we should consider?
Jolina Regin
Thursday, December 29, 2022
Here are five tips to improve your e-commerce cashflow :
- Automate your payments
- Improve your working capital cycle
- Conduct a cash flow analysis and forecast on a monthly basis using your accounts payables and receivables.
- Optimize your inventory
- Find alternative sources of financing
- Smoothen internal communication
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