{"id":999976378,"date":"2025-07-01T22:41:26","date_gmt":"2025-07-01T15:41:26","guid":{"rendered":"https:\/\/bizzi.vn\/?p=999976378"},"modified":"2026-06-09T13:43:39","modified_gmt":"2026-06-09T06:43:39","slug":"effective-cash-management-measures","status":"publish","type":"post","link":"https:\/\/bizzi.vn\/en\/effective-cash-management-measures\/","title":{"rendered":"What is cash flow management? The secret to optimizing liquidity and preventing capital disruption for businesses."},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The earnings report shows record profits, but the bank account doesn&#039;t have enough funds to pay suppliers. This is the &quot;nightmare&quot; of book profit but depleted cash flow that many CFOs and Chief Accountants face. So what is the true nature of cash flow management? How can liquidity risk be controlled, especially in investment and construction projects with high payback periods?\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The following article by Bizzi will break down the framework. <a href=\"https:\/\/bizzi.vn\/hieu-ve-quan-ly-dong-tien-doanh-nghiep\/\">business cash flow management<\/a> international standards and how to automate processes to protect the &quot;lifeblood&quot; of a business.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Index<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewbox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewbox=\"0 0 24 24\" version=\"1.2\" baseprofile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/bizzi.vn\/en\/effective-cash-management-measures\/#Quan_ly_dong_tien_la_gi_trong_lang_kinh_quan_tri\" >What is cash flow management from a management perspective?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/bizzi.vn\/en\/effective-cash-management-measures\/#Tai_sao_doanh_nghiep_co_lai_rong_nhung_van_can_kiet_tien_mat\" >Why do businesses with net profits still run out of cash?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/bizzi.vn\/en\/effective-cash-management-measures\/#Vai_tro_cua_ke_toan_truong_trong_viec_quan_tri_dong_tien_du_an_dau_tu_xay_dung\" >What is the role of the chief accountant in managing the cash flow of investment and construction projects?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/bizzi.vn\/en\/effective-cash-management-measures\/#CFO_can_theo_doi_nhung_chi_so_nao_de_kiem_soat_rui_ro_thanh_khoan\" >What metrics should a CFO monitor to manage liquidity risk?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/bizzi.vn\/en\/effective-cash-management-measures\/#Ung_dung_mo_hinh_Miller-Orr_de_toi_uu_luong_tien_mat_nam_giu_ra_sao\" >How can the Miller-Orr model be applied to optimize cash holdings?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/bizzi.vn\/en\/effective-cash-management-measures\/#Cong_nghe_tu_dong_hoa_RPA_giup_CFO_giai_phong_va_tang_toc_dong_tien_nhu_the_nao\" >How does RPA automation technology help CFOs free up and accelerate cash flow?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/bizzi.vn\/en\/effective-cash-management-measures\/#Cau_hoi_thuong_gap_ve_quan_ly_dong_tien\" >Frequently Asked Questions about Cash Flow Management<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/bizzi.vn\/en\/effective-cash-management-measures\/#Dong_tien_am_co_phai_dau_hieu_doanh_nghiep_sap_pha_san\" >Is negative cash flow a sign that a business is about to go bankrupt?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/bizzi.vn\/en\/effective-cash-management-measures\/#Su_khac_biet_giua_Cash_flow_va_Fund_flow_la_gi\" >What is the difference between cash flow and fund flow?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/bizzi.vn\/en\/effective-cash-management-measures\/#Khi_du_bao_dong_tien_bi_tham_hut_CFO_can_lam_gi\" >What should a CFO do when cash flow forecasts show a deficit?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/bizzi.vn\/en\/effective-cash-management-measures\/#Ket_luan\" >Conclude<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Quan_ly_dong_tien_la_gi_trong_lang_kinh_quan_tri\"><\/span><strong>What is cash flow management from a management perspective?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b>What is cash flow management?<\/b><span style=\"font-weight: 400;\"> This is the process of forecasting, monitoring, and optimizing cash inflows and outflows to ensure that the business always maintains liquidity. From a management perspective, cash flow is not just accounting data, but a vital indicator that determines the &quot;runway&quot;\u2014how long the business can continue to operate.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to Vietnamese accounting standards <\/span><b>VAS 24<\/b><span style=\"font-weight: 400;\">Cash flow is broken down into three core components:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Cash Flow from Operating Activities (OCF)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Cash Flow from Investing Activities (ICF)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Cash flow from financing activities (FCF)<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">A crucial point that many businesses often overlook is that profit does not reflect solvency. A business can report high profits but still go bankrupt if it doesn&#039;t manage its cash flow effectively.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Unlike the traditional approach which only records past data, <\/span><b>Modern cash flow management is about forecasting future risks.<\/b><span style=\"font-weight: 400;\">A CFO needs to know not just &quot;how much money is available,&quot; but more importantly, &quot;when the money will come in and when it will go out.&quot;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The confusion between profit and cash flow is the root cause of the situation where &quot;profits are on paper, losses are in real money.&quot;<\/span><\/p>\n<figure id=\"attachment_999980823\" aria-describedby=\"caption-attachment-999980823\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-999980823 size-full\" src=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/05\/quan-ly-dong-tien-la-gi-cashflow-management.webp\" alt=\"What is cash flow management in management?\" width=\"1200\" height=\"627\" title=\"\" srcset=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/05\/quan-ly-dong-tien-la-gi-cashflow-management.webp 1200w, https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/05\/quan-ly-dong-tien-la-gi-cashflow-management-300x157.webp 300w, https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/05\/quan-ly-dong-tien-la-gi-cashflow-management-1024x535.webp 1024w, https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/05\/quan-ly-dong-tien-la-gi-cashflow-management-768x401.webp 768w, https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/05\/quan-ly-dong-tien-la-gi-cashflow-management-18x9.webp 18w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-999980823\" class=\"wp-caption-text\">Cash flow management is the process of forecasting, monitoring, and optimizing cash inflows and outflows to ensure a business maintains its liquidity.<\/figcaption><\/figure>\n<h3><span class=\"ez-toc-section\" id=\"Tai_sao_doanh_nghiep_co_lai_rong_nhung_van_can_kiet_tien_mat\"><\/span><strong>Why do businesses with net profits still run out of cash?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The root cause lies in the accrual accounting principle. Revenue is recognized when it is earned, regardless of whether the money has been received or not. Meanwhile, many expenses require immediate payment in cash.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This creates a dangerous discrepancy between reported profits and actual cash flow.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A typical example: a business sells goods worth 10 billion VND, recording a profit of 2 billion VND. However, customers are given 60 days&#039; grace period, so the money hasn&#039;t arrived yet. Meanwhile, the business has to pay 8 billion VND immediately to the supplier. As a result, the actual cash flow is negative 8 billion VND \u2013 even though the report still shows a profit.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In addition, factors such as accounts receivable (AR), inventory, and accounts payable (AP) all directly impact cash flow:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Accounts receivable increase \u2192 money is &quot;stuck&quot; with customers.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Increased inventory leads to capital being &quot;tied up&quot; in goods.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Accounts payable decrease \u2192 immediate cash pressure<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">One notable point is that depreciation expenses do not reduce cash flow, but they do help reduce corporate income tax \u2013 thereby indirectly preserving cash flow for the business.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This &quot;cash shortage&quot; problem becomes even more complicated when applied to these situations. <\/span><b>investment and construction projects<\/b><span style=\"font-weight: 400;\">where the flow of money has an extremely large phase difference.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Vai_tro_cua_ke_toan_truong_trong_viec_quan_tri_dong_tien_du_an_dau_tu_xay_dung\"><\/span><strong>What is the role of the chief accountant in managing the cash flow of investment and construction projects?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b>Managing cash flow for investment and construction projects.<\/b><span style=\"font-weight: 400;\"> This is one of the most challenging problems in corporate finance. The unique aspect lies in the mismatch between cash inflows and cash outflows.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In reality, businesses must constantly spend money on materials, labor, and site operating costs. However, cash inflow depends on the progress of acceptance testing (milestones) and the disbursement schedule of the investor.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This delay can last from several weeks to several months, creating immense liquidity pressure. If not properly managed, businesses could find themselves in a situation where &quot;the more construction they undertake, the faster they run out of money.&quot;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Some typical risks include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The investor is slow in paying for the acceptance documents.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The retention rate (Retention Money) is typically between 5\u201310% (%), resulting in long-term cash flow being tied up.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Unexpected expenses disrupted the cash flow plan.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">To maintain control, the CFO needs to build a budget curve (S-Curve) \u2013 a tool to track cost and cash flow progress over time. Simultaneously, a crucial strategy is to match the payment schedule for suppliers (DPOs) with the collection schedule from investors.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In other words, project cash flow management is not just about tracking numbers, but about the art of balancing construction progress and actual cash flow.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"CFO_can_theo_doi_nhung_chi_so_nao_de_kiem_soat_rui_ro_thanh_khoan\"><\/span><strong>What metrics should a CFO monitor to manage liquidity risk?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">To effectively control cash flow, CFOs cannot rely solely on intuition but need a system of clear performance indicators.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The most important indicator is <\/span><b>Cash conversion cycle (CCC)<\/b><span style=\"font-weight: 400;\">, reflecting the speed of capital turnover within the business:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">CCC = DSO + DIO \u2013 DPO<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In there:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">DSO (Days Sales Outstanding): number of days to collect payment from customers.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">DIO (Days Inventory Outstanding): number of days inventory is outstanding.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">DPO (Days Payable Outstanding): the number of days to pay the supplier.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">A business with a lower CCC (Cash Flow Count) has a faster cash flow turnover. The ideal situation is a negative CCC \u2013 meaning the business collects money before it has to pay it.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Besides, <\/span><b>Free cash flow (FCF)<\/b><span style=\"font-weight: 400;\"> FCF is an indicator showing the amount of cash remaining after deducting investment expenses: FCF = OCF \u2013 CAPEX<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is the source of funds that businesses use for reinvestment, dividend payments, or expansion.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Ung_dung_mo_hinh_Miller-Orr_de_toi_uu_luong_tien_mat_nam_giu_ra_sao\"><\/span><strong>How can the Miller-Orr model be applied to optimize cash holdings?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">One of the advanced models used by corporations is the Miller-Orr model. This model helps determine the optimal cash level instead of relying on emotional cash management.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Specifically, the CFO will establish:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Lower limit<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Upper limit<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">When cash exceeds the upper limit, the business will invest the surplus to generate profit. When it reaches the lower limit, additional funds need to be raised to ensure liquidity.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The core meaning lies in striking a balance between:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Liquidity risk (lack of cash)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Opportunity cost (holding too much non-performing money)<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">This represents a shift from reactive cash flow management to proactive management.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Cong_nghe_tu_dong_hoa_RPA_giup_CFO_giai_phong_va_tang_toc_dong_tien_nhu_the_nao\"><\/span><strong>How does RPA automation technology help CFOs free up and accelerate cash flow?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The biggest bottleneck in current cash flow management lies not in theory, but in the manual operational process. The lengthy data entry, reconciliation, and invoice approval processes cause cash flow to &quot;freeze&quot; within the system.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">RPA and AI technologies directly address this problem by digitizing the entire financial process.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the cash outflow side, Bizzi helps:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Automatically collect and verify input invoices.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Perform real-time three-way reconciliation (PO \u2013 GR \u2013 Invoice).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Control the budget before approving payments.<\/span><\/li>\n<\/ul>\n<figure id=\"attachment_999980755\" aria-describedby=\"caption-attachment-999980755\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-999980755\" src=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/05\/trich-xuat-du-lieu-hoa-don-.png\" alt=\"Bizzi-bot-doi-chieu-3-chieu-thong-minh\" width=\"1200\" height=\"723\" title=\"\" srcset=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/05\/trich-xuat-du-lieu-hoa-don-.png 2048w, https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/05\/trich-xuat-du-lieu-hoa-don--300x181.png 300w, https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/05\/trich-xuat-du-lieu-hoa-don--1024x617.png 1024w, https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/05\/trich-xuat-du-lieu-hoa-don--768x463.png 768w, https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/05\/trich-xuat-du-lieu-hoa-don--1536x926.png 1536w, https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/05\/trich-xuat-du-lieu-hoa-don--18x12.png 18w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-999980755\" class=\"wp-caption-text\">Bizzi Bot quickly detects discrepancies and improves data accuracy.<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">This eliminates the risk of incorrect payments and helps businesses optimize DPO in a controlled manner.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the cash inflow side, the Bizzi ARM system:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Automatically reconcile payments with the bank.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Set up an automated debt reminder scenario.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Shorten the Data Collection Time (DSO).<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">When both inputs and outputs are optimized, the cash conversion cycle (CCC) is significantly shortened, allowing for faster cash flow turnover.<\/span><\/p>\n<figure id=\"attachment_999980774\" aria-describedby=\"caption-attachment-999980774\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-999980774\" src=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/05\/quy-trinh-tiep-nhan-va-xu-ly-don-dat-hang--scaled.png\" alt=\"debt management\" width=\"1200\" height=\"779\" title=\"\" srcset=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/05\/quy-trinh-tiep-nhan-va-xu-ly-don-dat-hang--scaled.png 2560w, https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/05\/quy-trinh-tiep-nhan-va-xu-ly-don-dat-hang--300x195.png 300w, https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/05\/quy-trinh-tiep-nhan-va-xu-ly-don-dat-hang--1024x665.png 1024w, https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/05\/quy-trinh-tiep-nhan-va-xu-ly-don-dat-hang--768x499.png 768w, https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/05\/quy-trinh-tiep-nhan-va-xu-ly-don-dat-hang--1536x997.png 1536w, https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/05\/quy-trinh-tiep-nhan-va-xu-ly-don-dat-hang--2048x1330.png 2048w, https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/05\/quy-trinh-tiep-nhan-va-xu-ly-don-dat-hang--18x12.png 18w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-999980774\" class=\"wp-caption-text\">With Bizzi&#039;s automatic debt management solution and smart reminder process, it helps automate the payment process, shorten debt collection time and optimize cash flow.<\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Cau_hoi_thuong_gap_ve_quan_ly_dong_tien\"><\/span><strong>Frequently Asked Questions about Cash Flow Management<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Cash flow management is the process of monitoring, analyzing, and optimizing cash inflows and outflows to ensure liquidity and operational viability. Common problems include inaccurate forecasts, bad debts, and insufficient working capital. An effective solution is... <a href=\"https:\/\/bizzi.vn\/lap-ke-hoach-dong-tien-la-gi\">detailed cash flow planning<\/a>Automated debt collection and tight cost control.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Below is a compilation of frequently asked questions (FAQs) about cash flow management:<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Dong_tien_am_co_phai_dau_hieu_doanh_nghiep_sap_pha_san\"><\/span><strong>Is negative cash flow a sign that a business is about to go bankrupt?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Not entirely. Negative operating cash flow (OCF) is a dangerous sign. But negative investing cash flow (ICF) can be a positive sign when a business is expanding.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Su_khac_biet_giua_Cash_flow_va_Fund_flow_la_gi\"><\/span><strong>What is the difference between cash flow and fund flow?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Cash flow reflects the change in cash during a period, while fund flow measures the change in working capital between two accounting periods.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Khi_du_bao_dong_tien_bi_tham_hut_CFO_can_lam_gi\"><\/span><strong>What should a CFO do when cash flow forecasts show a deficit?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Immediate defensive measures need to be activated: tightening debt collection, extending DPO (Debt Collection Order) appropriately, and cutting non-essential expenses.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ket_luan\"><\/span><b>Conclude<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Understanding cash flow management correctly not only helps businesses avoid liquidity risks but also opens up opportunities to optimize working capital and achieve sustainable growth. This is especially crucial for investment and construction projects, where cash flow can be highly variable, making cash flow management even more vital.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">From measuring CCC and controlling DSO\/DPO to applying advanced models like Miller-Orr, CFOs need a proactive rather than reactive governance system. However, no framework will be effective if the process remains reliant on manual operations.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is why pioneering businesses are choosing solutions like Bizzi to automate their entire operations. <a href=\"https:\/\/bizzi.vn\/tai-lieu\/tu-dong-hoa-thong-minh-trong-quy-trinh-procure-to-pay-p2p\/\">P2P (Procure to Pay) process<\/a> and <a href=\"https:\/\/bizzi.vn\/tai-lieu\/tu-dong-hoa-thong-minh-trong-quy-trinh-order-to-cash-o2c\/\">O2C (Order to Cash) process<\/a>This transforms static cash flow into a continuous flow. When data is processed in real time, CFOs can not only control risks but also proactively make strategic decisions \u2013 protecting and enhancing the financial lifeline of the business.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">To receive advice on effective corporate financial management solutions, schedule an appointment with Bizzi here: <\/span><\/i><a href=\"https:\/\/bizzi.vn\/dat-lich-demo\/\"><i><span style=\"font-weight: 400;\">https:\/\/bizzi.vn\/dat-lich-demo\/<\/span><\/i><\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>B\u00e1o c\u00e1o k\u1ebft qu\u1ea3 kinh doanh ghi nh\u1eadn m\u1ee9c l\u1ee3i nhu\u1eadn k\u1ef7 l\u1ee5c, nh\u01b0ng t\u00e0i kho\u1ea3n ng\u00e2n h\u00e0ng l\u1ea1i kh\u00f4ng \u0111\u1ee7 \u0111\u1ec3 thanh to\u00e1n cho&#8230;<\/p>","protected":false},"author":57,"featured_media":999980822,"comment_status":"open","ping_status":"open","sticky":false,"template":"elementor_theme","format":"standard","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footnotes":""},"categories":[76,372],"tags":[],"class_list":["post-999976378","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-goc-nhin-cfo","category-thanh-toan"],"acf":[],"_links":{"self":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts\/999976378","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/comments?post=999976378"}],"version-history":[{"count":6,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts\/999976378\/revisions"}],"predecessor-version":[{"id":999980892,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts\/999976378\/revisions\/999980892"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/media\/999980822"}],"wp:attachment":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/media?parent=999976378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/categories?post=999976378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/tags?post=999976378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}