Tech Tools to Grow By

Sponsored: Cash Flow Tips

June 23, 2015 Tech4BusinessNow Resource

One key component of a successful business is the ability to maintain healthy cash flow – especially for small companies that have fewer financial resources. Poor cash flow can hurt your business’s relationships with vendors, damage its credit rating, and leave you without the cash you need to take advantage of new business opportunities when they arise. But what can you do to help improve your business’ cash flow? For starters, you should monitor your cash flow statement regularly, send invoices immediately, follow up on late payments promptly, and use technology to speed payments. If you’re already using these methods and still suffering from cash flow problems, consider these more creative ways of accelerating income and reducing expenses.