Here’s a thing: As business owners, it’s only natural to be optimistic in your entrepreneurial journey. However, it’s also imperative to note that you must be ready to face the harsh reality.
With the ever-present competition and risks, it’s a cruel world out there. And if you don’t have a plan in place for handling a cash flow shortage since you do not understand your ingoing and outgoing funds. In that case, you can quickly find your SME company in financial turmoil and, in the worst possible situation, permanent shutdown.
In fact, a study from Intuit states that 61% of SMEs worldwide still struggle with cash flow. Hence, nearly one-third of those surveyed are unable to pay loans, vendors, themselves or their staff due to cash flow issues.
But on the bright side—there’s a simple but powerful solution that will help you combat these struggles and save your business from an untimely demise. Enter the Moolamore cash flow app into the picture.
We will elucidate further in this blog post, so keep reading. Let’s start!
The Struggles Faced By SMEs
Below are some of the common financial management struggles that can hinder the success and growth of your company.
a) Lack of visibility: Without a clear overview of your financial situation, it becomes tough to understand your current cash flow position and prepare for cash flow fluctuations.
b) Inaccurate forecasting: Relying on guesswork or outdated data for your cash flow forecasts can lead to inaccuracies and damaging surprises down the line (e.g. difficulties in meeting your financial obligations)
c) Cumbersome manual processes: Manual financial management processes can be time-consuming, especially when dealing with multiple spreadsheets and complex calculations. Not to mention it’s also vulnerable to errors. Thus, it can also take your valuable time away from other critical business activities.
d) Lack of scenario planning: If you can’t assess the impact of different variables on your cash flow, developing effective strategies to address potential challenges or capitalise on opportunities becomes challenging.
Moolamore Cash Flow Forecasting Tool: Your Business’s Financial Lifeline
Every business has high and low seasons, but if you can accurately future-proof your finances and understand your numbers with the assistance of the right cash flow tool Moolamore, you can guarantee that your business will handle any bump in the road.
With fast, reliable and game-changing features, here’s how Moolamore can rescue your SME:
Automated and Streamlined Process
Moolamore simplifies the cash flow forecasting process by automating data collection and analysis. It integrates smoothly with popular accounting software (e.g. Xero, MYOB and QuickBooks), pulling real-time data to provide an up-to-date view of your cash flow.
Accurate Forecasting
This tool utilises advanced but easy-to-understand algorithms and predictive modelling to generate accurate forecasts, taking into account historical data, current trends, and future projections. This helps you anticipate potential cash flow gaps or surpluses and make informed decisions accordingly.
Real-time Visibility
Moolamore offers real-time visibility into your cash flow, providing a clear-cut picture of your financial health. This allows you to identify potential issues or opportunities early on and take proactive measures to optimise your cash position.
Brilliant Scenario Planning and What-if Analysis
With this tool, you can build multiple scenarios and perform what-if analysis to assess the impact of different variables on your cash flow. That way, you can evaluate different strategies, such as adjusting payment terms, securing additional funding, or optimising working capital.
User-Friendly Interface and World-Class Support
Moolamore boasts an intuitive and user-friendly interface, making it accessible even if you don’t have extensive financial expertise as an entrepreneur. Likewise, this tool also provides top-notch multichannel customer service that will guide you to make the most of its features.
The Bottom Line
Break free from the never-ending cycle of fighting fires and letting the business run you without an actionable plan to overcome financial management struggles and address the root or underlying cause. It starts with good cash flow management and forecasting using the Moolamore app. Thanks for reading!
Conquer financial challenges and steer your business in the right direction. Embrace Moolamore today—it’s a game-changer for your financial health and future success. Schedule a demo now!
