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Cash Management Guide

Have you ever been in a position where your profits on paper are increasing but your actual cash becomes tighter? A company's cash flow, rather than profits, dictates business viability. What is your company's position, both now and for the coming 6 months? Accurate and easy-to-use modelling is essential to plan your company's cash flow and liquidity.

5 key steps to effective cash management

1. Keep track of your cash
Your bank account is the heart of your company's daily cash activities. It's the source of money going out and the destination of money coming in. Do you have a business account that's accessible, integrated and flexible, so you can keep track of your cash easily?

Our integrated BusinessVantage account is designed to meet the requirements of SME businesses. With access via Phonebanking and Business Internet Banking, you are never far away from your company's finances. Learn more about BusinessVantage

For customers with sophisticated payments and cash management needs, HSBCnet offers more advanced tools to help you manage your cash globally. Learn more about HSBCnet.


2. Grow your cash
Don't let surplus cash sit idle. Monitor your accounts and recognise when you have funds that won't be used for a while. If you have a short-term surplus, an instant access savings account is a good option. For cash that isn't needed for a week or more, make it work harder by investing it and maximising your returns.

Deposit Plus allows you to invest surplus cash in an alternative form of time deposit linked with a currency option. With variable deposit periods, your cash is not tied up longer than you can afford. Learn more about Deposit Plus

3. Make cash payments efficiently
From internal transfers to international payments, speed and certainty are key requirements. Do you understand what payment services you should use and why?

HSBC offers a range of payment options for businesses. See our Payments and Cash Management section for more details

4. Collect your cash swiftly
Once you've delivered products or services to a customer, collecting cash from them should be your top priority. How quickly you receive payment will depend on the format in which the money is coming in and how prepared your bank is to process it. To cover cash flow deficits you could accelerate receipts by offering early payment discounts.

HSBC offers a range of collections options for businesses. See our Payments and Cash Management section for more details

5. Plan the flow of your cash
Your business profits are increasing so why has money been tight lately? The viability of your business is dictated by cash flow, not profits. What is your company's cash flow status, now and for the next six months? If you anticipate a cash flow deficit, is it worth asking suppliers for credit extensions to defer payments or would you need a bank loan?

HSBC offers a range of different loans for according to asset based or general finance. You can get more details and compare our loan features in our handy comparison tables.

Compare our Asset and General Finance loans