Cash flow forecasts can be time consuming and difficult to prepare, as a result many businesses will only look at it once every few weeks or sometimes even less frequently. That’s a risky approach, given the survival of a business is heavily dependent on its cash flow forecast. Whether you are looking to grow your business, invest in key areas or just simply want to know if you are in a good position to pay the salaries this month, a good cash flow forecast will give you the visibility you need.
The credit control process is key to a good cash flow management process, but many businesses are faced with the dilemma of needing to prioritise between business development and growth or chasing existing clients for payment. Given most businesses are judged by the growth of the business (revenue and profit) and less so by the amount of cash in the bank, you can see how it can be difficult for one to prioritise chasing payment over business development and growth.
Machine Ledger provides the answer to both of those predicaments, simply by offering an
automated, artificially intelligent process where cash flow forecasting and credit control
management is done at the click of a few buttons. The software has been designed to ensure the
users have an easy and pleasant experience, so let Machine Ledger focus on cash flow management
while you focus on growing your business.