Plant Finance Controller Interview Questions and Answers

Managing cashflow in seasonal business requires careful planning and forecasting.

• Create a detailed cashflow forecast for the entire year, taking into account seasonal fluctuations in revenue and expenses.

• Build up cash reserves during peak seasons to cover expenses during slower periods.

• Negotiate extended payment terms with suppliers to help manage cashflow during low season.

• Consider offering discounts for early payment from customers to improve cashflow.

• Utilize lines of credi...read more

Driving KPI involves setting clear goals, tracking performance metrics, analyzing data, and implementing strategies to improve results.

• Set specific and measurable KPIs aligned with overall business objectives

• Regularly track and analyze performance metrics to identify trends and areas for improvement

• Implement strategies to improve KPI results, such as process optimization or training programs

• Communicate KPI progress and results to stakeholders to ensure alignment and accountab...read more