Originally published on LendIt Fintech News Access to capital has always been a challenge for small businesses. Lenders need to assess a business’s credit as part of the loan origination process. Yet, research shows that 47% of lenders still use a manual process that relies on borrowers sharing their data Read more…
Originally shared on Forbes.com By Nick Chandi – Forbes Councils Member Nick Chandi is the CEO of ForwardAI, a market-leading provider of historical & forward-looking accounting data for small business lenders. While there’s a growing demand for technology within almost every business sector, many fintech companies have been under more strain than Read more…
If you’re looking to grow and diversify your accounting business, adding cash flow advisory service to your financial toolkit can be a game-changing alternative. Cash flow is the lifeblood of a business. That is pretty well-establish in the entrepreneurial scene, but there are still many gaps in understanding and managing cash flow. Read more…
According to the 2019 Small Business Finance and HR report , 86% of the small business owners agreed that their accountant is “a trusted advisor they can turn to for a wide range of business advice.” Because accountants are one of the most trusted business professionals, this places them in a positive Read more…
The average small business owner might not be as familiar with cash flow as they should. However, if you’ve got an awesome accountant and/or bookkeeper on your side, they can wax poetic on the virtues of a good cash flow projection. Once a business starts forecasting cash flow, they’re quickly Read more…
You’ve probably considered business financing to help fund a new project or fulfill large orders. However, you might not know how important cash flow forecasting is in the approval process. The fact is: Cash flow forecasting makes a huge difference to lenders. The more stable your business appears in the present and future, Read more…
You may have cut your teeth working for a firm, or even a boutique shop or partnership. Now, however, you’re considering striking out on your own to offer consulting services in your area of expertise. Parts of consulting can be precarious, sure – but the satisfaction of working for yourself Read more…
Cash flow mistakes are nothing short of a killer for small businesses. As a financial professional, you know cash flow rules everything, and determines whether your clients are able to pay their vendors and loans. It determines whether they can invest in more inventory or better equipment, make payroll, and more. At Read more…
Small business accountants are becoming more tech savvy. So are the clients they serve. It’s not a perfect transition, but it’s happening. What’s next? As technology solutions have become a must-have instead of a nice-to-have, more small to medium-sized accounting firms and businesses are utilizing the cleverly named SMAC system Read more…
Did you know that the average CEO reads a book a week? That’s 52 books a year. If you want to know more about cash flow, put some or all of these titles on your reading list. The following books focus on the basics of cash flow monitoring, as well as Read more…