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With uncertainty in the construction industry, many companies found the need to create a better cash flow forecast. Whether the economy is growing or shrinking, it’s important to understand the impact of managing cash flow to improve the bottom line. Cash flow does not equal profitability. To be profitable, you must have the cash needed to keep your business operating efficiently. You will learn how to create a system to forecast and monitor cash flow, as well as develop procedures to manage receivables and payables, to better organize vendor payments.
For more information, check out the Trimble Construction One Video.