Insights

Top 7 AR Challenges (And How to Fix Them)

Centime — Thu, 08 Jun 2023 15:18:48 GMT

Strategically managing accounts receivable is crucial to maintaining your company's overall financial health. Time-consuming manual data entry and traditional AR processes can quickly wrack up unnecessary costs and mistakes for businesses of all sizes. But there's hope: automating your accounts receivable processes takes the guesswork out of managing AR operations efficiently. Read on to learn more about the most common AR challenges and how automating your AR processes can help.

Why Securing a Working Line of Credit Now is Crucial for Small to Midsize Businesses

Centime — Thu, 01 Jun 2023 17:29:58 GMT

Small to midsize businesses (SMBs) are the backbone of the economy, but they often face more financial challenges that impact their overall growth and success. One of the biggest challenges businesses face today ismanaging their cash flow. Even profitable businesses can experience cash flow gaps that make it difficult to pay bills, invest in growth opportunities, or handle unexpected expenses. That's wherea working line of credit comes in.

10 Best Practices to Optimize Your Accounts Payable Department

Centime — Thu, 25 May 2023 19:30:21 GMT

Accounts Payable is an essential part of running a successful business. It involves the processing and paying of all invoices, bills, and other expenses that keep your business operations running smoothly. Poorly managed accounts payable can lead to missed payments or late payment fees, which ultimately damage relationships with vendors and hurt your cash flow.

Experts Predict an Upcoming Credit Crunch: Here's How Finance Leaders Should Prepare

Centime — Thu, 18 May 2023 18:48:29 GMT

In light of recent turmoil in the banking industry, financial experts warn that a credit crunch may be on the horizon. The recent series of bank failures has sounded alarm bells for most financial institutions, especially as new research shows that 186 more banks will fail if even half of their uninsured depositors decide to withdraw their funds. Market experts are now predicting that most small-and-medium-sized banks will soon tighten their credit conditions, prompting a credit crunch across the country.

How to Select an AR Payment Provider for Long-Term Success

Centime — Fri, 12 May 2023 16:39:56 GMT

When it comes to any small business' success, selecting an accounts receivable (AR) payment provider is critical. From providing flexible payment options and streamlining the accounts receivable process, to increasing cash flow and driving customer loyalty, the right AR payment solution can be a powerful ally for small to midsize businesses (SMBs). But how does an SMB choose the best provider?

7 Benefits of Cash Flow Forecasting for SMBs

Centime — Mon, 01 May 2023 19:46:19 GMT

For small and medium-sized businesses (SMBs), managing cash flow can often feel like a never-ending juggling act. On one hand, it's important to ensure that there's enough money to cover expenses and keep the business running smoothly. On the other hand, there's an ongoing need to invest in growth and expansion. That's where cash flow forecasting comes in. In this post, we'll take a closer look at cash flow forecasting and why it's so important for SMBs. We'll also explore the benefits of cash forecasting for organizations, along with some of the pain points that finance leaders may encounter. Finally, we'll discuss the importance of cash flow forecasting automation and why businesses should invest in cash flow forecasting software to streamline their processes.

Top Cash Management & Diversification Strategies in the Wake of SVB

Centime — Thu, 27 Apr 2023 14:57:50 GMT

What Happened with Silicon Valley Bank (SVB)?

What is Cash Diversification?

Why Should SMBs Diversify their Cash?

Setbacks of Manual Cash Diversification

CFOs are Planning to Diversify Accounts

How to Diversify the Right Way with CentimeSecure

CentimeSecure Early Access Program

In the wake of Silicon Valley Bank's collapse, CFOs at small-to-mid-size businesses (SMBs) are now reevaluating their strategies for managing cash. Diversifying cash accounts is a great idea in theory, but can be complex and inconvenient to manage without the right strategies and solutions in place.

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

megan@centime.com (Megan Mulligan) — Thu, 08 Dec 2022 05:00:00 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

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

megan@centime.com (Megan Mulligan) — Thu, 01 Dec 2022 05:00:00 GMT

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

PwC report: CFOs plan for growth despite market challenges

megan@centime.com (Megan Mulligan) — Wed, 30 Nov 2022 05:00:00 GMT

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