How SMBs Can Mitigate Inflation Through Better Cash Flow Management

Fighting Inflation Through Better Cash Flow

Inflation, and the fallout from it, continues to bombard the economy. For small and medium businesses (SMBs), the effects can be profoundly challenging. That has many SMBs struggling to survive. 

Surviving — and even thriving — when times are tough requires you to maximize your cash position. That requires boosting your working capital by carefully managing both your accounts receivable and accounts payable. A holistic strategy involves getting paid by your customers as quickly as possible, while stretching your payables as much as you can without losing discounts or incurring late fees. Controlling that timing is everything.

IOFM partnered with BILL to explore the opportunities on both sides of the house to better control cash. A combined AP/AR solution can streamline both processes, offer enhanced insight into the financial health of an organization, and provide greater efficiencies leading to improved cash flow. To learn more, download the white paper, “How SMBs Can Mitigate Inflation Through Better Cash Flow Management.”