This Financial Collaboration Platform Helps Small
Businesses Manage Cash Flow
Do you find yourself constantly running out of cash reserves?
This could be a sign of mismanagement.
Simplex Financials has updated its Path software with
Business Impact Center, an automated accounts
receivables and payables feature.
The company aims to provide you with a solution
that can visualize your accounts receivables and
payables.
It can show you where customers
are concentrated, an insight that
can support your expansion plans.
Business Impact Center shows
how much your customers owe
you, as well as the amount your
business owes.
It also displays the frequency in which you pay your creditors
and how often you receive payment.
This feature is part of Path's
Expert subscription plan, which is
priced at $59.
Mismanaging the money going in and out
of the business is one of the top reasons
why most small businesses fail.
Businesses with unstable cash flows are particularly
vulnerable amid the current pandemic.
Simplex Financials's research
showed that automation is one of
the most effective ways of
addressing this issue.
Accounts payable automation can
save a business $16 per invoice,
so imagine how much you can save
annually.
Find out more at
pathbysimplex.com