Efficient invoicing and payment collection is without a doubt one of the single-most important aspects of astute business management. The resultant liquidity crisis from the current Covid-19 pandemic has underscored the importance of a robust cash flow position in surviving any unexpected crisis. In this blog post, we explore how small business owners can get paid faster by using cloud accounting to automate and streamline their workflow.

The Covid-19 pandemic has completely transformed the global economic landscape since the first case was discovered late last year. It has brought many economies to a near-standstill with governments imposing all manners of lock down in a desperate bid to contain the spread of the virus. Under such an uncertain business climate, it is more important than ever for small business owners to tighten their purse strings and manage their cash flows to survive this unprecedented crisis. In this post, we explore what cash flow management is, and how small business owners can use cloud accounting to better improve their cash flow position.