Officials of Commercial Bank and College of North Atlantic-Qatar during the workshop.
DOHA: Enterprise Banking, Commercial Bank’s dedicated unit for Small and Medium Enterprises (SMEs) in Qatar, recently collaborated with the College of North Atlantic- Qatar (CNA-Q) to host a customer workshop titled ‘Project Cash Flow Forecasting for Construction Projects’ for its customers, a press statement said yesterday.
Topics addressed in the workshop were focused mainly around project cash flow forecasting techniques and steps that businesses can take to manage cash flow more effectively.
Through a sample case study, emphasis was made on resolving common problems of cash receipts, material costs, labour costs, and seasonality in order to facilitate a positive operational cash flow throughout the year.
In addition, and in light of the 2022 FIFA World Cup and National Vision 2030 plans, opportunities and challenges facing SMEs and their preparedness to grow and sustain their business within the framework of the high levels of investments currently witnessed in Qatar, were also addressed.
The fourth in the series, the workshop was attended by a select group of SME business accountants, analysts, owners and key decision makers from Commercial Bank’s ‘Enterprise Banking’ customers. At the end of the workshop, participants commended the ongoing efforts of both Commercial Bank and CNA-Q, which are aimed at developing such cooperative initiatives to support the growth of SMEs through hosting educational workshops and seminars for customers.
“Commercial Bank’s commitment to SMEs through a dedicated unit providing value added services and tailored solutions, including workshops such as this one, is a clear testament of our interest to support the growth and success of SMEs in the country. We will continue to host such workshops in the future, based on our customers’ needs and as part of our commitment to contribute to the overall Qatar growth story,” said Kenneth John Clark, Head of Enterprise Banking at Commercial Bank.
The workshop was conducted by Neal Mannas, Accounting Instructor at CNA-Q’s School of Business Studies, who has over 20 years’ of experience in marketing and communications, public relations and fund raising management for education, health care and charity sectors.
Curtis Avery, CNA-Q’s Entrepreneurial Mentor in the Entrepreneurship Centre said that the efforts of Commercial Bank’s Enterprise Banking division for the support it gives to SME customers.
He said: “The College of North Atlantic, Qatar is proud to support small and medium sized businesses in the country through its valuable partnership with Commercial Bank. It is our endeavour to increase knowledge and strengthen skills of entrepreneurs, and contribute towards the Qatar 2030 Vision’s goal of achieving economic diversification.”
The Peninsula
