Manage your cash flow like a pro

Many businesses—and finance professionals—use a combination of bank feeds, treasury, accounting software and spreadsheets that require manual or daily updates for a consolidated cash flow view. With today’s real-time options available to finance professionals, there’s no need to rely on disparate, manual solutions when integrated services exist. 

Optimizing your cash flow can give you an advantage over your competitors in several ways.

1. Real-time spend visibility

Quarterly budget changes are common as businesses need to make adjustments based on actual revenues vs forecasts. Having 24x7 visibility into business expenses, without having to integrate bank feeds, is critical for making the right budget adjustments dynamically.

With Aspire’s finance platform, budget adjustments can be made at the organization and/or department levels with immediate effect, propagating through the company. If you need to tighten the belt on marketing spend or freeze travel expenses, it can be done immediately with full finance control and visibility. 

2. Real-time payments

As interest rates rise, managing cash flow down to the minute is important for finance teams to drive cash flow efficiency.

Real-time payments allow invoice payments at the last minute, which in turn allows companies to hold on to their cash longer while minimizing manual tracking of bill payments.  Compared to SWIFT, ACH and other traditional options, real-time payments are available 24x7, which speeds up cash flow, reduces errors and simplifies the payment process.

3. Real-time analytics (forecasting)

It’s one thing to do budget forecasts, it’s another to get data for real-time actuals vs forecasts to make adjustments if and when the business requires.  Traditionally, finance teams generate daily and weekly reports through daily syncs with bank feeds and a manual consolidation of reports.

With fintech platforms like Aspire, real-time forecasting analytics is available 24x7. Any payment is updated immediately in the reporting interface, allowing finance teams to avoid their worst nightmare – running out of cash. 

Up your game with real-time cash flow visibility

In today’s high interest rate environment, optimizing cash flow gives you an edge over your competitors.

Real-time spend, payment, and forecasting will help you manage your cash flow like a pro with Aspire’s all-in-one finance platform. Learn how you can enjoy real-time visibility into your spend here.

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