Centime blogs

quickbooks-survey-indicates-wariness-toward-b2b-credit-card-use-coupled-with-cash-flow-concerns

megan@centime.com (Megan Mulligan) — Thu, 12 Jan 2023 12:25:22 GMT

QuickBooks and Wakefield Research surveyed 3,500 small businesses on their approach to payments, credit and cash flow. Learn about their key findings, and how they might impact your business

CFO Dive report: ‘Having real-time visibility into cash flow is becoming crucial for CFOs and other financial leaders’

sathish@centime.com (Sathish Kumar) — Wed, 11 Jan 2023 05:45:36 GMT

With an overwhelming 95% of CFOs expecting rising interest rates to pose threats to their businesses, their focus has turned to gaining visibility over cash flow to navigate difficult market conditions

Visibility over cash flow has become top of mind for finance and accounting leaders, according to CFO Dive. According to a recent survey, 62% of C-suite and F&A professionals said “real-time visibility into cash flow is a ‘must-have’ for their businesses during the coming next year” and 98% said “they could be more confident about their current level of visibility.”

PwC report: CFOs plan for growth despite market challenges

megan@centime.com (Megan Mulligan) — Wed, 11 Jan 2023 05:08:52 GMT

CFOs cite cash management, particularly cash flow forecasting and scenario modeling, as critical to achieving goals in ‘turbulent times’

SMB leaders discuss need for increased access to working capital to fuel growth

sathish@centime.com (Sathish Kumar) — Tue, 10 Jan 2023 11:20:37 GMT

In an episode of PYMNTS’ new TV series focused on small and mid-sized businesses, leaders discuss why it can be difficult to secure working capital credit, and the risks of relying on other types of funding

Entrepreneurs and small business leaders are known for their passion. Tasia and Paul Ford, co-owners of Big Red’s Hot Sauce personify the drive and persistence it takes to launch and run a successful operation — but the path forward has not always been smooth, and there were times when their business would have benefited from more straightforward access to working capital credit.

Despite demonstrable demand for their product, at launch their loan application was denied; instead they relied on personal savings, absorbing the risk doing so entailed.

‘It’s always cheaper to access your own money,’ than rely on external credit, WSJ reports

megan@centime.com (Megan Mulligan) — Tue, 10 Jan 2023 11:14:52 GMT

As cost of credit rises with higher interest rates, companies embrace vigilant working capital management to unlock cash, the Wall Street Journal reports