OPTIMISATION OF CASH FLOWS OF THE COMPANY

Abstract

The scientific basis of cash flow management process of the company and the basic approaches that are most often encounter to the definition of cash flows have been identified in the article.  The cash flows involved in all aspects of financial and business enterprises. In addition, it promotes financial equilibrium on every stage of the life cycle, provides an opportunity to reduce the need for extra capital, affect the acceleration of turnover, and reduces the risk of insolvency.

Author has formulated the basic provisions that determine the need for efficient management of cash flows. These provisions allocated as follows: cash flows help to strengthen the financial equilibrium enterprise in terms of strategic development; cash flows provide improvement rhythm of operational process enterprise; cash flows serving the economic and business enterprise in almost all of its fields.

Also the author has investigated principles of which implementation promote the formation of additional financial resources for financial investments to be profitable. These principles are reliability information, ensuring efficiency, liquidity, providing balance.

The process of enterprise cash flow management, which takes place in several stages. The main stages of this process are the following: planning, balancing, synchronization streams and calculation of optimal cash balance.

The main tasks that must be addressed at each stage of cash management of companyhave been identified. When planning cash flows main task is to determine the sources of justification and cost. At the stage of balancing cash flows prevents excess or shortage of funds. A number of tools that can help you avoid excess or shortage of funds.

Also, the basic tools to be used in the optimization of cash. Among them, such as operational planning cash flows, working capital management of company, budget control applications for the flow of financial resources. The author suggested the tasks that is necessary to solve in order to optimize cash flow.