We’ve all heard the saying ‘cash is king’ – probably more times than we’d care to remember. And yet, it’s a saying that remains utterly indisputable when it comes to business, irrespective of business size.
Cash flow difficulties can occur in any business, of any size. It could be that your suppliers are delayed in delivering your goods or services. Or, collecting cash from your customers could be taking more time than you anticipated. Whatever your needs, cash flow finance may be a great choice for your business.
Cash flow finance is short-term business lending, designed to cover your business’s immediate cash needs – allowing you to fund ongoing business operations and cover large cash outflows, such as tax payments. Typical forms are: bank overdraft, short-term bank loans and trade credit.
While many things change in the world of business, there are some constants – the biggest of which, perhaps, is the fundamental importance of good cash flow management to keeping a business up and running.
Business supply chains, with their associated invoice and payment flows, play a key role in good cash flow management.
In recent years, though, we’ve seen supply chains become increasingly complex and diverse – with multinational buyers and suppliers dotted all over the world.