This PPT slide, part of the 84-slide Working Capital Management Strategy PowerPoint presentation, outlines a structured approach to deploying a cash flow model across various business units, emphasizing a methodical process. It begins with the deployment phase, where the new cash flow model is rolled out organization-wide. This ensures that all units are aligned with the new processes. The focus here is on consistency in implementation, which is crucial for effective cash flow management.
Next, the slide highlights the establishment of governance mechanisms. This involves revising reporting structures to enhance accountability and consistency. Monitoring adherence to these new processes is essential, as it allows for prompt addressing of any deviations that may arise.
Following the initial deployment, the slide suggests refining the model based on feedback and performance metrics. This iterative process is vital for continuous improvement and ensures that the model remains relevant and effective.
Mentoring teams is another key aspect. Providing support to local finance and operations teams helps facilitate the adoption of new processes. Training sessions are also mentioned, which are important for building internal capabilities.
The development of bottom-up forecasts is highlighted as a collaborative effort with business units. This ensures that forecasts are not only detailed, but also realistic and aligned with operational plans.
Regular updates and meetings are emphasized for ongoing monitoring and improvement. Weekly reviews of cash flow forecasts allow for variance analysis, which is critical for identifying discrepancies. Regular meetings foster communication, enabling teams to address issues and share best practices.
Overall, this slide presents a comprehensive methodology for cash flow management, focusing on deployment, governance, refinement, mentoring, forecasting, and continuous improvement. Each step is interconnected, reinforcing the importance of a cohesive approach to managing cash flow effectively.
This slide is part of the Working Capital Management Strategy PowerPoint presentation.
This framework is created by former McKinsey, BCG, Deloitte, EY, and Capgemini consultants and details a robust approach to WCM Strategy used by consultants with their clients.
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