Everyone has heard that “cash is king”or “money talks.” It may sound cliché, but cash and cash flow are vital components of operational success in any business.
For many businesses, maintaining a consistent cash flow is a difficult task. According to Meta’s October 2022 report, 25% of SMBs reported cash flow issues as a challenge to their business - one of the most often selected challenges for SMBs.
Luckily, with the right tools and savvy strategy, businesses can extend their cash flow and keep operations running smoothly.
One of those tools? A comprehensive spend management platform.
A spend management platform that automates bill pay can help businesses reduce manual work and create better internal processes- both of which can affect the bottom line and cash flow statements.
Let’s dive into the basics of cash flow and learn a few ways that reduce manual work and create better internal processes with this guide.
Luckily, with the right tools and savvy strategy, businesses can extend their cash flow and keep operations running smoothly.
One of those tools? A comprehensive spend management platform.
A spend management platform that automates bill pay can help businesses reduce manual work and create better internal processes- both of which can affect the bottom line and cash flow statements.
Let’s dive into the basics of cash flow and learn a few ways that reduce manual work and create better internal processes with this guide.
Feeling inspired? Share these insights on social.
Gain Access
Feeling inspired? Share these insights on social.
