Overcoming cash flow bottlenecks is a complex challenge that accountants frequently face in the world of financial management. ChatGPT provides focused insights that range from pinpointing specific barriers to cash flow to negotiating beneficial terms of payment with suppliers. Cash flow obstacles with ChatGPT accounting power moves.
Here are the prompts for reference (Cash Flow Obstacles with ChatGPT);
- What negotiation strategies can we employ with vendors to extend payment terms and ease short-term cash flow constraints?
- We are having trouble collecting our accounts receivable. What strategies can be used to improve cash inflows and speed up the payment process?
- Our cash flow seems to be affected by our inventory costs. What is the best way to manage inventories to relieve cash flow challenges?
Here here to see the result generated by ChatGPT.
