Cash flow is the most important survival skill for a small/medium sized business. Automate it !

Cash flow is the most important survival skill for a small/medium sized business. Automate it !

 

The truth is businesses all over the world are automating most of the repetitive activities they do

 

According to a US bank study 82% of businesses die not because of lack of profits but cashflows!

 

Rules to live by

 

  • Profits are an accounting entry and doesn’t mean much if your cash flows are in bad shape
  • Cashflow isnt intutive . Watch your numbers especially DSO
  • B2B sales sucks up cash .Thanks to sales on credit
  • Growth sucks up cash. More Growth =More people = More inventories = More things to spend on
  • More inventories = More cash tied up !
  • Profits are good but Working capital keeps you afloat
  • Receivables needs to be tracked , Automated !

 

 

Learn how your business can improve cash flow using Automation. Reach out to solutions@payorcrm.com


Also published on Medium.


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