BDC Advisory Services — Financial Management
Canada
Guidance to better manage your cash flow
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Expert Advice
grant_single|eligibleIndustries
- Manufacturing
- Retail trade
grant_single|grantors
- Business Development Bank of Canada (BDC)
- Government of Canada
grant_single|status
grant_card_status|open
grant_single_labels|preview
Get advice on helping you and your team master the principles of financial management through practical tools, plans, coaching and support.
grant_single_labels|projects
- Business Strategy
- Leadership and Management
- Sales and Marketing
- Financial Management
- Operational Efficiency
- HR Management
- E-commerce
- Digital Technology
grant_single|admissibleProjectsExample
$30,000
Toronto
Implementing a comprehensive financial management system for a small business
$25,000
Halifax
Optimizing cash flow management for an NPO with dedicated tools and training
$35,000
Calgary
Creating an operational efficiency plan for a social enterprise
$45,000
Montreal
Developing a leadership training program for financial managers
$32,000
Ottawa
Developing a digital technology training program for small businesses
$20,000
Vancouver
Enhancing e-commerce capabilities for a cooperative with financial management tools
grant_single_labels|admissibility
- Businesses must be based in Canada
- Businesses must be looking to improve their financial management practices
- Businesses must be interested in maximizing profits and strengthening their company's value
grant_eligibility_criteria|who_can_apply
There are eligible types of companies for this grant. Businesses that can benefit from this grant include startups, small and medium-sized enterprises, and growing businesses looking to enhance their financial management practices.
- Startups
- Small and medium-sized enterprises
- Growing businesses
grant_eligibility_criteria|who_cannot_apply
Some types of companies may not be eligible for this grant. The eligibility criteria are not explicitly mentioned in the grant context provided.
Therefore, it is best to contact the relevant authorities or consult the official grant guidelines for detailed information on eligibility.
grant_eligibility_criteria|eligible_expenses
Eligible expenses for this grant include:
- Implementing sound financial practices
- Managing cash flow effectively
- Improving financial performance
grant_single_labels|criteria
There are evaluation and selection criteria for this grant. The criteria focus on financial management practices, cash flow control, and financial performance improvement.
- Establish solid financial practices
- Control your cash flow
- Improve your financial performance
grant_single_labels|register
- Step 1: Establish solid financial practices
- Better understand and manage various facets of the company's finances including planning, costing, reporting, and controls.
- Step 2: Control cash flow
- Better plan and manage cash flow to avoid running out of money and take advantage of opportunities.
- Step 3: Improve financial performance
- Make better use of accounting software and implement tools, processes, and capabilities to monitor and improve performance and profits.
Apply to this program
Financial Management and Cash Flow Control Grant
Financial management and control of cash flow are crucial for the success of businesses. This grant offers support in establishing solid financial practices, effective cash flow management, and improved financial performance through strategic planning, costing, reporting, and controls.
Sound financial management practices enable businesses to make informed decisions, control costs, and effectively manage their cash flow. The Financial Management and Cash Flow Control Grant aims to empower businesses by helping them master every aspect of their finances, maximize profits, and enhance their overall value. With a structured approach and practical tools provided by financial experts, businesses can gain a competitive edge and achieve sustainable growth.
Establishing and maintaining solid financial practices is essential for long-term success. Through this grant, businesses can better understand and manage various facets of their financial landscape, including planning, costing, reporting, and internal controls. By implementing best practices and leveraging financial management tools and dashboards, companies can optimize their performance and make informed decisions to drive profitability.
Effective cash flow management is a key component of financial sustainability. This grant equips businesses with the knowledge and tools to plan and manage their cash flow efficiently, ensuring they can capitalize on opportunities and avoid liquidity challenges. By improving cash flow management, businesses can mitigate financial risks, enhance operational efficiency, and position themselves for long-term success.
Improving financial performance is a continuous process that requires ongoing evaluation and adjustment. The grant offers coaching and support from experienced consultants who can provide guidance on implementing financial strategies, optimizing accounting software, and enhancing performance monitoring capabilities. By enhancing financial performance, businesses can drive growth, increase profitability, and strengthen their market competitiveness.
Overall, the Financial Management and Cash Flow Control Grant provides businesses with the resources and expertise needed to optimize their financial management practices, control their cash flow effectively, and enhance their financial performance. By leveraging these resources, companies can navigate economic uncertainties, capitalize on growth opportunities, and build a resilient financial foundation for sustainable success.
