Complimentary Webinar: Managing Cash Flow in Times of Uncertainty

$0.00

Description

When?: Monday, April 6th from 3-4 PM Eastern

Who?: Michelle Howard and Amy Julian, Brown Smith Wallace LLP

How Much?: Complimentary to members and non-members

What?: The ongoing COVID-19 pandemic is disrupting supply chains, financial markets and workforce mobility. During any crisis, organizations must determine which processes are critical to continue operations and which processes can be suspended temporarily. It’s also imperative to understand what resources are required to support critical operations.

With the sudden decrease in sales for many businesses, the scramble to figure out what to pay and when is also starting. A deep understanding of your obligations and how you prioritize each one should be considered when making these decisions. Using a cash forecast to minimize surprises and enable these conversations could still be your competitive advantage. A cash model focused on short term cash management can use your updated business scenarios and give clear guidance to:

  1. Change your cash cycle times:
    1. Shorten time to collect by tightening up receivables
    2. Lengthen time to pay by updating your payables strategy
    3. Reduce inventory to shorten time between input costs and sales
  2. Use your cash flow forecast to identify key decision points such as:
    1. Changing your operating plan
    2. Shifting focus to an alternative revenue stream
    3. Renegotiate with suppliers
    4. Offer early payment discounts
    5. Find new financing including factoring
    6. Cut Capex
    7. Reduce fixed expenses

About Your Presenters

Amy Julian is a Director in the Advisory Services practice of Brown Smith Wallace where she helps businesses create and implement their strategy for business process transformation with a specialization in sourcing and procurement.

Amy’s approach brings together insights on data, systems, people and processes to recommend changes and lead transformative projects. She uses her hands-on project management experience to deliver results that clearly tie to the project objectives. She also identifies capability gaps and puts in place actions to close them. Her focus on results and team engagement has helped ensure long-term sustainable success. Her project portfolio includes M&A related changes, functional re-designs and business leadership for system integrations.

Prior to joining Brown Smith Wallace, Amy worked for Anheuser-Busch, where she led a team of sourcing managers and was responsible for project support across all spend categories. Her extensive knowledge in procurement best practices enables her to identify process improvement opportunities and develop value-added sourcing initiatives. Her experience in sourcing also led her to develop a passion for negotiation strategy that is often implemented through a strong business process.

Amy earned a Bachelor of Science degree in Economics from Arizona State University and a Masters in Business Administration from Saint Louis University. 

 

Michelle Howard is a Consulting Manager in the Brown Smith Wallace Advisory Services practice, where she is responsible for assessing client processes, business requirements, data structure and challenges for clients of all sizes. Michelle also helps identify and prioritize opportunities for process improvement and implements process improvement strategies.

Michelle has more than 25 years of experience as an accounting and regulatory compliance professional. Prior to joining Brown Smith Wallace, Michelle spent nearly 20 years at Anheuser-Busch, where she was responsible for approximately $1.7 billion in excise tax payments annually and oversaw the filing of approximately 450 reports each month.

Michelle earned a bachelor’s degree in Accountancy from the University of Missouri-Columbia and is a Certified Public Accountant (CPA). She is a member of the American Institute of Certified Public Accountants (AICPA) and the Missouri Society of CPAs (MOCPA). 

SKU: 567-103-403 Category: Tags: , ,

©2020 American Craft Spirits Association; All Rights Reserved. Member Owned, Industry Driven.

Log in with your credentials

Forgot your details?