Every organization believes cash is king, but only 33% use a business intelligence tool to manage their cash flows. For those who use accounting software, creating entries, sending invoices, and following up for payments is most often a manual process, which requires time to monitor cash flow and make a report. Additionally, according to a recent survey, 74 per cent…
Tag: Business Intelligence Platform
The Impact of Bad Debts on an SME
Businesses rely on income received from sales to pay off their expenses and other company operations. However, in every organization, there’s some uncertainty of debtors not paying dues because of an unexpected liquidity crunch. Especially during the pandemic when many businesses have faced losses, bad debts have become common across every industry. An increase in bad debts has various consequences. They…
How to manage cash flow issues in a wholesale business?
Cash flow is the lifeblood of any wholesale business. Positive cash flow enables you to run your business efficiently, pay your expenses, match client expectations, and reinvest in your company for growth. So, knowing that cash is king, how can you better manage it? While it is true that all businesses must maintain their cash flow…