Cash Flow Management
Cash flow management is the process of monitoring, analyzing, and optimizing the inflow and outflow of cash in a maritime business. It involves forecasting future cash flows, identifying potential cash shortfalls or surpluses, and implementing strategies to ensure that the business has enough cash to meet its financial obligations. Effective cash flow management is critical for maritime businesses, as they often have high operating costs and significant capital expenditures. By managing cash flow effectively, businesses can improve their financial stability, reduce the risk of insolvency, and make better-informed decisions about investments and financing.
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