Business Cash Flow Management + Financial Forecasting Tools

SAP Concur blog discusses cash flow management and financial forecasting strategies, emphasizing data visibility and spend management software. It notes that 82% of small business shutdowns are attributed to poor cash flow. Centralized spend management software improves visibility, decision-making, and captures all expenses. Steps include sending invoices promptly, offering early payment discounts, negotiating supplier rates, scrutinizing inventory, instituting payment plans, and leveraging VAT refunds. 59% of finance leaders cite lack of data visibility in cost control software.