Best Practices for Cash Flow Management with Solutions360
March 25, 2021
In this video and blog, Solutions360, a PSA Business Solution Provider, lists three steps to help integrators accurately forecast cash flow in their business. Solutions360 CEO Brad Dempsey expands on these steps and shares his best practices for standardizing inputs and outputs and putting a tool in place that allows integrators to see their cash position at any given time.
Step 1: Understand all the processes that lead to invoicing.
Step 2: Clear the path to get paid before the project starts.
Step 3: Make it easy for your customer to pay you.
Imagine having the ability to accurately forecast cash flow for your integration business! None of the information we want to forecast should be outside of what we need to properly run our business on a day-to-day basis. Data collection should not be a burden, it should be part of your standard processes.
Watch Solutions360’s video or read more on their blog to learn what tool gives you the ability to immediately see the impact of a deal change, which gives you time to react with forethought and the time to do something about it. Learn more on Solutions360.com! >>
