Do you have a perfect grasp on your cashflow? If the answer’s no, don’t worry – you’re not alone. Most small businesses are too busy with the day-to-day to fully concentrate on the finances.
If this sounds like you, you’ll also know that when you do finally sit down to take a look, it can often be tricky to figure out where the business is headed.
That’s why we’ve chosen Futrli’s Flow as our app of the month. Flow empowers you to make better business choices by making your data easy to understand.
Futrli is as easy to use as social media and presents everything as an ‘actionfeed’ – a bit like a newsfeed, but with helpful advice and actions for you to follow. You get all the information you could ever want or need on your business, automatically sorted, prioritised and ready for you to action.
So, how does the Flow part of Futrli work?
Map your path to victory
Flow gives you up-to-date predictions on where your cash is today, where it will be tomorrow, and where you’re at compared to this time last year.
Armed with an accurate, data-driven track of where your business is heading, you can prepare for upcoming obstacles, make the most of periods that look stronger, and ensure you’re always working at maximum potential.
Who? What? Where?
Customers and suppliers are two sides of the same coin. In Flow, you can jump into Flow In and Flow Out, where you can dive into the details of any of your customers and suppliers to track their trends.
Do you have a customer that always pays late? With insight into their behaviour, you’ll be able to mitigate or completely remove the risk of them affecting your future. Similarly, you can take a look at who you’re paying and ask yourself those important questions – do you pay on time and are you overly dependent on one supplier?
Start your day off right
Flow ensures that the most important actions you need to take are, of course, at the top of your actionfeed. You can get paid faster, knowing exactly what’s owed to you and exactly when you need it paid. You can also see the wider effect – knowing you have overdue invoices is one thing, but seeing how they affect your business, in practice, is another.
For every invoice you create, Flow will predict when you’ll actually get paid, based on your customer’s behaviour. With this knowledge, you won’t be taken by surprise, and you can take action on potential problems before they happen.
We know that Flow can make a difference to any business, but if you’d like to find out more about management accounts and Flow, get in touch with our team today.