A week goes by and your client still hasn’t paid your invoice. A month goes by and it’s still the same. Two months become six months and you’ve now lost out on opportunities to expand your business because money you’re owed remains elsewhere.
Managing cash flow is one of the most difficult financial balancing acts that any business faces. From our perspective, having helped more than 20,000 small and medium sized businesses address cash-related challenges, we see three important areas where true mastery of cash flow management is achieved by the best businesses:
It’s no secret that automation is creating a big change in how financial operations are handled. With work becoming increasingly digitally enabled, there are now so many different tasks that can now be automated. As we’re focused on automating billing and collections, and having processed more than $40 billion in receivables on behalf of clients, we take a lot of pride and satisfaction in seeing.