Learn effective techniques for managing working capital in your business.
In the current economic environment, many companies are facing the perfect storm of pressures on the ability to operate, such as inflation, increasing interest rates, surging costs, supply chain disruptions, and soaring logistics costs. These factors and many more are putting increased pressure on debt covenants and preventing businesses from investing in strategic initiatives. This presentation will help leaders understand why organizations that focus on strong operational behavior are better prepared to embrace challenges and be more resilient. The panel of speakers will identify key pillars of how to build strong cash management capabilities and what areas can be targeted within the organization for cash flow improvement. This topic is critical for companies that are focused on improving their financial health and resiliency by making a sustainable shift to address cash and cost pressures within their own operations.
Learning Objectives
- You will be able to identify strategies for your company to be resilient during economic slowdowns.
- You will be able to identify methods to enhance shareholder value during and after a market disruption event.
- You will be able to recognize cash management challenges as cross-functional and cultural and develop a plan to face these challenges.
- You will be able to recognize how to engage the areas of your business to drive improved cash flow and liquidity.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Companies of All Sizes and Industries Preparing for the Economic Slowdown and Those With Strong Operational Attention and Performance Will Be More Resilient to Pressures
- What Clients Are Doing to Prepare for an Economic Slowdown
- Economic Pressures That CEO/CFOs Are Facing
Companies That Manage Cash Well Can Maximize Shareholder Value During and After a Market Disruption Event
- What We Found Analyzing 5,000 of the Largest Public Companies
- Difference in Resilience of Low and High Cash Performers
- Sector Level Insights
Cash Management Is a Cross-Functional and Cultural Challenge
- Comprehensive Liquidity Strategy
- Cash Leadership
- Initiative Tracking
- Communication, Training, and Incentives
Improvement Areas to Help Organizations Unlock Cash Trapped in Operations
- Payables
- Receivables
- Inventory
- Non-Trade
How Companies Can Get Started on Maximizing Free Cash Flow
- Assess Opportunities
- Design a Program Aligned With Business Objectives
- Governance and Accountability
Questions and Answers
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on March 22, 2023.
Call 1-866-352-9540 for further credit information.
- AIPB 1.0
- This program is acceptable for 1.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
CPE/NASBA - QAS Self Study 1.8 including Management Services 1.8
- Noggin Guru, Inc. dba Lorman Education Services and BankersHub is registered with the National Association of State Boards of Accountancy (NASBA) as a QAS Self Study sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.8 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Management Services for 1.8 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: QAS Self Study. Please refer to the information in this advertisement for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Brett Everhart
Ernst & Young LLP
- Senior director in Ernst & Young LLP’s Working Capital practice
- Works with technology, private equity, and advanced manufacturing clients, identifying strategic solutions to create an optimized cash position specific to their organizational needs
- Has led programs to identify and release over $5B in additional free cash flow with improving operational performance and the cost to serve and has led several transformation programs, developing a culture of sustained performance to enable better decision-making and investment of the organizations’ cash
- Previous experience in the consumer products industry, with several supply chain, process improvement, and strategic planning roles
- B.S. degree in business administration, The Ohio State University
- Can be contacted at [email protected]
Melissa Orsi
Ernst & Young, LLP
- Senior director in Ernst & Young LLP’s Working Capital practice
- Builds teams focused on liberating cash flow from operations through design and implementation of improvements to policies and processes that drive working capital
- Has experience leading cash leadership office development, operational cost takeout programs, strategic transformation programs, cash drives, and total working capital assessments (AR, AP, inventory)
- Has worked with several multinational clients with a focus on industrials, technology, and energy, with project delivery experience in over 30 countries
- Started her career in the oil and gas industry, with roles in downstream supply chain, process improvement, logistics, retail, and construction
- B.S.E. degree in industrial/operations engineering, University of Michigan
- Can be contacted at [email protected]
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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