Working Capital Management / Wiley Corporate F&A (PDF)

Stay liquid, think global, and better manage resources with
this authoritative guide

Working Capital Management is a comprehensive primer on
keeping your business financially competitive in the face of
limited access to short-term funds. With detailed insight
applicable to each phase in the business cycle, this authoritative
guide helps managers revamp current practices for more efficient
use of assets and liabilities, including more stringent monitoring
and planning of collections, disbursements, and balances. Readers
will learn how to minimize investments in idle resources, and how
to maximize the use of forecast data to better identify risk and
the optimal use of available funds. Case studies illustrate the
practical applications of the ideas presented, with particular
attention given to cash budgeting, forecasting, banking
relationships and other common scenarios with specific
requirements.

Managing a company's short-term resources is both an art
and a science. Effectively maintaining funds for ongoing activities
- and keeping those funds liquid, mobile, and available
- is a masterful skillset lacking in business. Working
Capital Management offers practical advice for managers in this
challenging position, providing guidance that helps them:

* Learn the specific metrics at work in capital management, and
the problems that they can cause

* Improve cash management with robust fraud protection and better
use of short-term instruments

* Manage the issues that arise from accounts receivable,
inventory, payables, information management, and international
sources

* Develop an effective management system for key points in the
working capital cycle

The recent liquidity crisis in the U.S. has thrown the spotlight
onto those companies that have adjusted well to credit contraction
and the weakened economy, and these success stories - some of
which are noted in the book - demonstrate that a positive
business outcome can be accomplished. Working Capital
Management provides a clear look at a complex issue, with
practical, actionable, sustainable advice.