The IMF predicts the world economy will contract by 4.9 percent during 2020, and global economies are not expected to recover from the effects of the pandemic until late 2022 (ING).
In these times of economic uncertainty, cash flow management is one of your business' most valuable tools. Effective cash flow management will help your business withstand the impacts of the economic recession and ensure you are in the best possible position for growth when global economies begin to recover.
During this webinar, you'll hear advice from a panel of cash flow management experts.
Learn how you can recession-proof your business with better cash flow management including:
- Accurate cash flow forecasting
- Comprehensive spending and expense management
- Optimised accounts receivable processes
Watch the recorded session: https://hubs.li/H0LlNQ00
22. Visit us online at cact.us
SUMMARY
â Forecast Armageddon
â Positive Mindset
â Reforecast Reality
â Landlords Are Human
â Take The Funding
â Review VAT Position
â Pay On Your Terms
â Beware The False Dawn
â Double Marketing Spend
â Turn Losses & R&D Into Cash
30. Do you ever ask yourself things like...
âCan I aïŹord to hire a new employee?â
âWhen should we pay this bill?â
âWhat if this invoice is paid late?â
âDo I need to get a loan to cover payroll?â
âWhat if we lost those customers?â
âDid I overspend last month?â
âWhat is the impact of COVID on our business?â
âWhen will our cash run out?â
51. Lack of control over
spending
No way to delegate execution
of payments
Inefficient and costly manual
processes
Poor visibility and no
real-time tracking
52. Soldo provides end-to-end spend management
Manage budget
and authorise
spend
Proactively manage
spend and budgeting
decisions
â Control
Define and
control access
to money
Control access to
funds based on user,
team, or activity
â Delegation
Delegate
execution of
payments
Empower employees
to make payments
within the defined
rules
â Delegation
Capture context
and enrich
transaction data
Retain documentation
and transaction data
at the point of
purchase
â Efficiency
Validate expense
data
Verify transaction
compliance against
business policies
â Control
Integrate with
accounting for
reconciliation
Efficiently automate
manual tasks and
stream data into
accounting
â Efficiency
Real-time spend analytics and reporting
Keep on top of spend activities as they happen and perform current and historical analysis
â Visibility
53. Budget controls &
automatic transfers
âą Limits can be set monthly,
weekly and daily
âą Automatic transfers can be set
to happen periodically
âą Configure low balance top-ups
54. Advanced
spending controls
âą Set bespoke rules per card
âą Manage ability to withdraw
cash, spend online or abroad
âą Granular control of where the
card can be used and types of
categories
55. Allocate money
& budgets
âą Transfer money between the
company wallet and cards
instantly, for free
âą Wallets are available in GBP,
EUR and USD
âą Low FX fees for moving money
between currencies
56. Track spending
in real-time
âą Capture receipts at time of purchase
âą Employees tag transactions in line
with your policies
âą Access transaction data in real-time
57. âą Custom reports for statements,
balances and transactions
âą Spend analytics by user,
department, category
Reporting
59. Market leading accounts receivable
automation softwareâš
We help businesses to automatically and intelligently
chase customer invoices, to get paid sooner
61. The late payment problemâš
48%
â Of all invoices are paid late (Xero & Paypal, 2019)
ÂŁ225 billion +
â Or $290 billion owed to UK SMEs (Zurich Insider, 2016)
62. The late payment problemâš
â DiïŹculty forecasting
â StiïŹe business growth
â Slow job creation
â Create a dependency on debt and equity ïŹnancing
63. The late payment problemâš
336
â Hours spent per year on manual, ineffective accounts receivables tasks
64. The late payment problemâš
50,000
â SMEs close each year due to late payments in the UK (FSB, 2016)
70%
â Of large business CFOs view late and non-payments as a threat to their
business (Euler Hermes Americas, 2019)
66. The recessionâš
209%âš
â Increase in late payments since WHO declared pandemic
The reality for many SMEs:âš
â Reduced headcount, remaining staff stretched for time with more responsibilities
â Maintaining a healthy cash ïŹow is more important than ever, to withstand the
recession
67. Your situationâš
â Are your customers paying you on time?
â Are you chasing up and dealing with late payments?
â Do you have time to be doing this as effectively as you could be?
68. Support is availableâš
Businesses are turning to Chaser to automate their accounts receivable
processes due to these current diïŹculties
Weâve supported businesses in chasing over $3bn in overdue invoices
âWe at Wolfgang Digital really care about our customers and
Chaserâs personalised emails help us show just thatâ
- Tommy Gough, Wolfgang Digital
69. How does Chaser helpâš
Automates the accounts receivable process and speeds up debt collections, to
help you get paid on time, in less time.
70. What Chaser doesâš
Integrates with your accounting software to automatically and
intelligently chase all overdue payments you want it to
73. Flexible to your businessâ needs: set up payment plans and chase installmentsâš
74. CRM view of all communications: chasers sent, customer responses, remindersâš
75. Outcomesâš
â Get paid 16 days sooner
â $22,000 cash ïŹow boost for every $500,000 of turnover
â Save 15 hours per week on accounts receivables
76. What our users sayâš
I love how ïŹexible Chaser is. It is easy to use, has great results and Iâve been really
impressed by how easy it is to adapt the settings to our continually changing needs.
We have saved at least 15 hours per week, and thatâs me being stingy.
- Rossana Vittorielli, Love Brands
Had an impact on our business from day one. I wouldn't hesitate to recommend to
anyone looking to improve revenue collection. If you are reading this and wondering
whether or not you need Chaser I would just go for it
- Tony Harris, Hub Property Care
77. What our users sayâš
400
â Reviews, at a perfect 5.0 star rating
Highest rated accounts receivable app
â On Xeroâs app marketplace & 4th highest rated in the entire marketplace
Xero app partner of the year 2016
78. How you can use Chaserâš
(no obligation, no card details)
Run a more eïŹcient and effective accounts receivable process from just $35 per month
Go to: chaserhq.com/signup for 14 day free trial
80. Where to find out more about us:âš
chaserhq.com/signup
chaserhq.com/resources
ïŹoatapp.com/sign_up
ïŹoatapp.com/covid-19
cact.us
soldo.com/pricing
soldo.com/resources
community.agencynomics.com