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The first thought some entrepreneurs have when they review their company’s financial information is: I am making a profit, but have no money in my account!
This is usually because they don’t know how to use the accounting statements to manage their business on a day-to-day basis, and there is often a tendency to only use these statements to meet tax obligations.
However, this should not be the way but to use this financial information to support the management of the business and to plan the cash flow. In this way, the manager can assess the ability of the company to generate and use cash to meet its obligations.
To help you manage your company’s financial resources, VISEEON has developed a practical tool for all Viseeon clients and non-client entrepreneurs. VISEEON.CASH!
This tool allows you to:
- Access constantly updated information about your company’s payments and revenue, without spending hours on spreadsheets;
- Integrate your software data with VISEEON.CASH application;
- Automatically anticipate cash flow availability and predict potential shortages,
- Forecast the future with peace of mind.
The main benefit of financial planning with VISEEON.CASH application is to ensure the short-term liquidity of your business by answering questions such as: what to pay and what to claim, i.e., being able to “create cash” and respond to possible delays in receipts or payments through an easy-to-use tool, without the limitations caused by traditional spreadsheets.