L Ashok, CEO, Futurenet Technologies shares some of the best practices that help a channel organization have a cake-walk when it comes to maintaining the financial health of the organization.
Finance management discipline: Having a finance discipline both in payment and collection increases the credibility. Some financial companies reject for bounces in cheques. Spend within your earnings: This is the other factor which many miss today. A channel partner should know what is the RoI on every single penny spent. Invest early: Investing early will help them plan and execute their finance in the right path Healthy cash balance: Having healthy cash balance between income and expenditure even in terms of the human resource of the organization to be right. Strong balance sheet: Needless to stay the first thing any funding agencies or venture capitalists company look for.