Season 2: Episode 10: The Art of Cash Flow Management: A Controller’s Perspective

taradavis@harriscpas.com

In this episode we welcome our guest, Gina Vinci, Controller at McMillen, a leading engineering and construction firm. Gina helps give a greater understanding surrounding the complexities of managing cash inflows and outflows effectively, the importance of leveraging banking relationships, and the critical role of forecasting to help in meeting organizational goals. Discover practical tips for mastering cash flow management in diverse business landscapes.

Key Highlights:

  • 01:38 – What cashflow management means from a controller’s perspective
  • 02:14 – How receivables (AR) and payables (AP) impact your cashflow
  • 04:52 – The nuances of cashflow in the construction industry
  • 05:50 – How subcontractors and contract payment terms tie into managing cashflow
  • 09:27 – Leveraging strategic banking relationships
  • 12:07 – The importance of a strong balance sheet to support cashflow
  • 3:08 – Monitoring backlogs and burn rate
  • 15:00 – Using historical cash flow to help forecast
  • 16:43 – Continuous cash flow monitoring and planning
  • 17:41 – Aligning to leadership’s strategic goals
  • 19:51 – How banking and CPA relationships can assist with cashflow strategies

Links:

Gina Vinci’s LinkedIn

McMillen Inc’s Website

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