Improving Cash Flow - Tip #17 of 18: Automated Cascading Reporting Systems Keep Everyone Aligned Around Cash Flow. Developing rigorous weekly Operating Rhythms (https://dbmgt.co/2rkjF2m) in your business will help everything run smoother just like they do at the project level. https://dbmgt.co/2wu5VnV Like a project the worst thing you can do is only run cash flow related reports or talk about issues when there are problems. Too much gets overlooked and performance slips. RHYTHM: Pick weekdays and times that work for your company. > Front-Line: The AR Manager and Project Administration take the first pass at the reporting clearing up every problem they can including all 5/10/15 follow-ups. https://dbmgt.co/2Rr1vq6 > Project Management: They handle the first level of escalations before they even become major problems. Keeping them in the loop on cash flow problems helps when they are discussing changes (https://dbmgt.co/2D3uZqQ) and monthly billings. https://dbmgt.co/2O9wghi > Executive Team: Clear information flow but only after it has been scrubbed by two other layers so what they see is accurate and actionable for escalation or other business changes if needed. Leverage your existing data for this: https://dbmgt.co/data
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