Creating bank accounts globally, tracking signers and accounts in an organized matrix, analyzing bank fees, preparing for FBAR reporting, and knowing how to navigate the banking world are vital to securing your capital.

Setting up a Money Market Fund (MMF) investment account with your bank, buying Treasuries online, receiving ECR on average balances, and sweeping balances can enhance your cash and bottom line. 

Comparing merchant gateways and acquirers for a global solution, reviewing contracts, setting up Visa/MC/JCB/AMEX and PayPal, alternative or digital payments, and reducing processing fees are part of your online business.

Creating a forecast that can be replicated when adding a new entity, market, lender, currency, or that needs output that works with your FP&A department are crucial to turn cash flow activity into actionable insights.

The Capital Markets are complex and require a lot of due diligence to receive the right capital, a favorable interest rate, a term that aligns with your business expansion, in the markets that generate quality cash flow, and the debt covenant reporting that maintains your compliance with each lender.

Managing the receivables, payables, inventories, and cash to eliminate waste and identify idle assets requires looking at these components with a laser focus and using metrics to quantify your results. 

Domestic financing using affiliate AFR or international transfer pricing to create loan receivables/payables, arms length interest rates, tracking open and paid off loans, and handling legal documentation needs a highly organized process to update Accounting and Finance of intercompany accounts and financing.  

The motto “Cash is king” can be seen when identifying where your cash is being held from proper bank account minimums, pooling cash to service centers, transferring funds by low cost methods and infrequent intervals, and directing cash to entities which help grow your business.