From Payments to Forecasting: Managing Corporate Cash Effectively

Overview

This course provides a comprehensive understanding of cash management principles, including payment systems, disbursements, collections, funds concentration, and cash flow forecasting. Participants will develop a solid grasp of these principles and learn best practices that businesses use to manage their cash effectively.

To enhance learning, the course will include case studies focused on the pharmaceutical retail industry, demonstrating real-world applications of cash management principles. These cases will cover topics such as:

  • Optimizing cash flow in retail pharmacy chains
  • Preventing cash leakage in high-volume retail transactions
  • Balancing operational costs and profitability.

By applying the concepts learned through these industry-specific case studies, participants will be better equipped to manage financial challenges in pharmaceutical retail, leading to improved cash flow efficiency and business success.

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Outcome

Identify the key participants and parties involved in the payment process

Differentiate between settlement and finality in payment systems

Evaluate the various payment instruments and methods available for businesses

Analyze the risks and opportunities associated with different disbursement products

Compare and contrast domestic collection products with cross-border collection and trade management products

Details

Developed by: Beacon FinTrain
Standard Total Hours: 18 Hrs
Language: English - Bilingual "English & Arabic"
Modalities: 
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Outline

Payment Overview

  • Payment Participants
  • Payment Process
  • Settlement vs. Finality

    Payment Instruments & Methods
  • Payment Instruments
  • Payment Methods
  • Parties Involved
  • Payment Characteristics

    Payment Systems
  • Cash
  • Paper-Based Systems
  • Electronic Funds Transfer (EFT)
  • Card-Based Systems

    • Disbursements

  • Disbursement Products
  • Payment Fraud
  • Managing Disbursement Information

    Collections
  • Domestic Collection Products
  • Cross-Border Collections & Trade Management

    • Concentration of Funds

  • Objectives of Funds Concentration
  • Concentration Techniques
  • Concentration Practices

    • Purpose and Uses

  • Purpose of Cash Flow Forecasting
  • Uses of Cash Flow Forecasts
  • Issues and Opportunities in Forecasting

    Types of Forecasts
  • Forecasting Horizon
  • Update Frequency
  • Projected Closing Cash Position

    • Forecasting Approaches

  • Short-Term Forecasting Methods
  • Medium- & Long-Term Forecasting Methods
  • Statistical Forecasting Methods

    Best Practices
  • Best Practices in Cash Flow Forecasting

    • Read More

    Who Should Attend

    • Financial Analysts
    • Accountants
    • Treasury Managers
    • Cash Managers
    • Chief Financial Officers (C F Os)
    • Finance Director
    • Financial Planners and Advisors
    • Investment Bankers and Credit Analysts.

    Why Beacon

    Quality

    Beacon FinTrain prioritizes excellence in every service, ensuring top-notch, reliable, and consistent outcomes that meet and exceed client expectations.

    Specialization

    We focus on finance, offering expert knowledge and bespoke solutions that cater to the unique needs of finance professionals in the Middle East and Africa.

    Punctuality

    Time is money. We respect deadlines, delivering precise and timely results to help our clients stay ahead in the fast-paced financial world.

    Guidance

    Beacon FinTrain is a guiding light in finance, providing insightful advice and support to navigate the complexities of financial markets and regulations.

    Integrity

    We uphold the highest ethical standards, fostering trust and transparency in all our dealings to build lasting relationships with clients.

    Flexibility

    Adapting to the dynamic finance sector, we offer versatile services and solutions that align with the evolving needs of our clients.