- Briefing Room
- Consumer Engagement
- Commerce 3.0
Citizens Bank this week is marking the Small Business Administration’s 50th annual National Small Business Week by offering seven simple small business cash flow tips.
“Managing cash flow is one of the most important yet under-appreciated challenges faced by small businesses,” said Quincy Miller, Head of Business Banking for RBS Citizens. “Companies that have accelerated their receivables, streamlined their payroll and established more-advantageous payment terms and processes with their vendors, suppliers and customers have a definite competitive advantage in today’s marketplace, no matter their business.”
In many cases, with business owners focused primarily on day-to-day operations, cash flow is only a focal point when there is a problem. But business owners who establish proactive strategies for cash management are able to avoid those problems and create new growth opportunities through reinvestment by making their capital work better for them.
Consider the following tips to improve cash flow:
About Charter One
Charter One is a division of RBS Citizens, N.A., operating in Illinois, Michigan and Ohio. It has 337 branches and 504 ATMs. It has 103 branches and 241 ATMs in Illinois. It has 102 branches and 105 ATMs in Michigan. It has 132 branches and 158 ATMs in Ohio. Charter One’s website is charterone.com.
RBS Citizens, N.A., is a subsidiary of RBS Citizens Financial Group, Inc., a $126 billion commercial bank holding company. It is headquartered in Providence, R.I., and through its subsidiaries has approximately 1,400 branches, more than 3,600 ATMs and nearly 19,000 colleagues. Its two bank subsidiaries are RBS Citizens, N.A., and Citizens Bank of Pennsylvania. They operate a 12-state branch network under the Citizens Bank brand in Connecticut, Delaware, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island and Vermont; and the Charter One brand in Illinois, Michigan and Ohio. RBSCFG has non-branch retail and commercial offices in more than 30 states. RBSCFG is owned by RBS (the Royal Bank of Scotland Group plc). RBSCFG’s website is citizensbank.com.