Case Study: Calgon Products – September Cash Budget Management
Introduction
Calgon Products needed a comprehensive cash budget for September to manage cash flow effectively. This case study delves into the cash management strategies and financial forecasting employed to ensure the company’s financial stability.
Client Overview
Calgon Products, a key player in the industry, required precise budgeting to maintain a minimum cash balance and manage operational expenses efficiently.
Challenge
The challenge was to manage cash flow while ensuring the company maintained a minimum cash balance of Rs. 5,000. Key aspects included handling cash collections, payments, and operational costs.
Solution
Our team crafted a detailed cash budget, factoring in:
- Cash Collections: Based on a three-month collection pattern.
- Cash Payments: Including operating expenses and financial commitments.
- Financial Forecasting: To ensure the minimum cash balance and manage expenses.
Results
The cash budget allowed Calgon Products to maintain financial stability, manage expenses, and navigate cash flow challenges effectively.
Keywords: Cash Budget, Financial Forecasting, Cash Flow Management, Budget Forecasting