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Financial Executives at Mid-Sized Companies Focus on Maintaining Cash Levels

Financial Executives at Mid-Sized Companies Focus on Maintaining Cash Levels

Though the economy appears to be on track for recovery, financial executives at mid-sized companies remain focused on maintaining sufficient cash reserves and overall financial discipline, according to a new report from American Express/

Though the economy appears to be on track for recovery, financial executives at mid-sized companies remain focused on maintaining sufficient cash reserves and overall financial discipline, according to a new report from American Express/CFO Research.

The study, which surveyed 323 CFOs and other senior finance executives at mid-sized companies across the country, noted that these individuals understand holding onto cash will become more difficult as growth opportunities present themselves.

"Mid-size companies have additional challenges, as they frequently negotiate for better payment terms with companies larger than they are, putting them at an obvious disadvantage," Darryl Brown, president of global corporate payments for American Express' Americas operations, said in a release. "These companies need to be even smarter and more disciplined when it comes to cash flow management, and find new ways to maximize their working capital."

Key highlights of the study included that 85 percent of the executives said they were more financially disciplined following the recession, while 41 percent acknowledged this will become more difficult in the coming year.

As growth picks up, financial executives in the U.S. are also anticipating hiring more workers for finance jobs, according to recent surveys from Robert Half and Manpower.