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 another customer workshop titled ‘Project Cash Flow Forecasting for Construction Projects’ for its customers.
Topics addressed in the workshop, which was held at the Commercial Bank Majlis at the Doha Golf Club, 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 well 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 regularly hosts customer workshops on topics relevant to the growth of SMEs in Qatar. These workshops provide a platform for Enterprise Banking customers, to meet and discuss with their peers on various matters and generate new ideas to benefit their business. The Bank is committed to comply with Qatar’s National Vision 2030, which places emphasis on supporting the growth of SMEs as being the key constituent of the country’s economic future and diversification.
“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, supported the workshop by welcoming the participants and advising them of the various offerings and facilities available to SMEs at CNA-Q.
He also commended the efforts of Commercial Bank’s Enterprise Banking division for the support it gives to SME customers and 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 workshop delivered today is one way in which we seek to accomplish this, and we would like to thank Commercial Bank for collaborating with us on this opportunity.”
