Money is the ultimate yardstick of every business and if handled with care, it can take you to places you have never imagined. However, maintaining a positive cash flow is still a big struggle for many businesses.
No matter if your business is earning a profit, that doesn’t necessarily mean it has a healthy cash flow. Thus, maintaining a positive cash flow should not be overlooked and must be planned way ahead of time.
Maintaining a positive cash flow means that the amount of money coming is greater than the amount of money going. As a result, your business with healthy cash flow can handle unprecedented situations effectively which are bound to come no matter what you do.
To manage a proper cash flow, you need cash flow management software that comes in handy. It not only provides you with cash flow forecasting but also with insights based on your business to help you to keep up with your finances.
Business Finance Manager is one ultimate cash flow management software that can help you make informed decisions, plan strategies, and help your business grow at an accelerated speed. Keep on reading to find out the perks of using Business Finance Manager for your business.
Get informative insights for your business
This cash flow management software offers you 360-degree visibility of your business finances. That includes all your receipts, payments, purchases, sales, expenses, receivables, and payables to help you:
- Get real-time financial insights from sales trends to assist you to grow your sales
- Make quick and informed decisions
- Handle daily operations efficiently with business calendars
Create Tally entries using the mobile app
Gone are those days when using Tally was only possible with a desktop. But not anymore. With the business Finance manager, you can get Tally data on mobile where you can
- Create Tally entries on the go
- Get visibility of other entries like sales orders, quotations, invoices, etc
- Can keep track of your business finances anytime and anywhere
- Send vouchers via WhatsApp or email directly from the mobile app
Manage And Collect money from your client’s
Many businesses suffer due to late payments from clients and thus face cash flow problems. To avoid it, our cash flow management software can help you prioritize your clients according to their past transaction history. Meaning, you can tighten credit norms for clients who do not pay you on time despite multiple reminders, or at least you will be well aware of your payment receivables so that you can plan your finances accordingly. In addition to this, you can:
- Automate payment reminders via email, SMS, and WhatsApp
- Share invoices and ledger with your follow-up reminder
- Limit your credit by allocating credit limit and period to your customers
Data Security
These days data security is essential since hacking and cyber crimes have increased drastically. Business Finance Manager takes care of your data by keeping it completely encrypted. Besides, there is two-factor authentication and secure cloud storage to keep your data more secure.
Final Words
Having cash flow management software by your side can really help you smoothen your business operations. Moreover, you can work on your risk management funds by getting visibility of your finances, reducing the possibility of a lack of funds, and planning for the future. Furthermore, you can even track your business on the go with Tally data on mobile. Download the BFM app on your mobile today and manage your business wherever and whenever you want.