The very best way to improve cash flow is to have a clear understanding of what impacts it the most. The key ‘levers’ of cash flow are Sales, Costs & Overheads, Pricing, Customer Payments, Suppliers Payments, Inventory, Jobs in progress, taxes and interest.
You then need to put in place a process for proactively managing these ‘levers’. Each one needs a project of its own and someone in charge of it to ensure it happens and they are accountable.
Your Cash Flow Forecast is your ‘bible’ for improving cash flow. It’s the proof in black and white on how things are progressing.