You are the financial manager for a mid-sized company with 10 locations throughout the United States

Aug 2nd, 2016
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You are the financial manager for a mid-sized company with 10 locations throughout the United States. You make monthly disbursements (including suppliers, vendors, governments and employees) of over $750,000. Discuss various strategies to put in place that would reduce disbursement costs? Minimum of 500 words

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You are the financial manager for a mid-sized company with 10 locations throughout the UnitedStates. You make monthly disbursements (including suppliers, vendors, governments andemployees) of over $750,000. Discuss various strategies to put in place that would reducedisbursement costs?Minimum of 500 words..Managing of disbursement is a part of Working Capital Management policy ofthe company (Inc, 2016). The disbursement of a company will have significant impacton its cash flows (Boundless, 2016). The disbursement of a company should beproperly managed and controlled to minimize the cost of disbursement as well as tokeep track over cash flows of the company. A number of strategies can be putted inplace to lower the overall cost of disbursement. These strategies are discussed below.Centralizing the disbursement function: The company can consider managing of allpayment (disbursement) related functions through centralize operation (Referencefor Business, 2016). Even though the business activities of the company is spreadout 10 different locations of United States, all t

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