27th June 2022 - 1 min read
The efficient management of cash flow can ensure the success and sustainability of any business. It ensures that operations are constantly running smoothly, salaries are paid, the likelihood of expansion, and more.
In 2020, many were put out of business due to a drastic decrease in revenue which ultimately affected cash flow. And now with restrictions lifted and borders reopened, there’s now room for growth, expansion, and new opportunities for businesses of all sizes.
However, the critical goal of effectively managing and maximising your business cash flow remains, and here are some tips to consider.
Along with Quick Biz Financing-i and Biz Property Financing-i, CIMB offers a variety of SME Banking Solutions to assist SMEs on their business journey after a tumultuous past season. CIMB’s SME Banking Solutions include banking needs, financing, and digital solutions. For more information, head to CIMB’s Business website here!
The contents of this article do not constitute financial advice. Readers should conduct their own research before making a financial decision. The material has not been reviewed by the Securities Commission Malaysia (SC).
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