Meet Bill. He runs a good business which is growing nicely. He does a budget every
period but that does not help him manage cash day to day.
Bill invoices his customer by email, snail mail and in one case, through the customer’s
portal. He then spends time following up to make sure his invoice was received,
and confirming there are no problems. Until he gets confirmation of when he will
be paid, Bill’s worried. He has his own business expenses to pay, and wants to make
sure he has enough cash in the bank.
If there’s a day that his cash balance could go negative, he’d want to delay paying
his bills until his receivables are in and the business account has enough cash.
He also wants to focus on customers that are holding on to his money longer than
they should be. Bill’s finance team uses a spreadsheet to work out his cash flow.
Manually following up invoices and updating cash forecasts, Bill’s finance team
find it tough to stay on top with the tools they have - there is never enough time…
Bill’s business needs smart tools to save time managing his cash flow. A Cashflow
Hub that intelligently combines cash forecasting with receivables management. He