Although overall credit conditions remain uncertain, particularly for SMBs (Small and Medium Businesses), finance is available to companies with the right management team, strategy, and processes. That said, these SMBs need to make some critical decisions about their business model if they want to thrive in a low-cash environment. One of these decisions is to hire a CFO. The role will ensure strong relationships with finance providers, improving working capital management and tax efficiencies. A seasoned CFO must identify sources for additional cash for these SMBs. In this video, we have identified 6 steps that a CFO can take for your business when money is tight.
Learn more about RadiusOne AR suiteThe HighRadius RadiusOne A/R Suite is a complete accounts receivables solution designed for mid-sized businesses to put their order-to-cash on auto-pilot with AI-powered solutions. It leverages automation to fast-track key accounts receivable functions including eInvoicing & Collections, Cash Reconciliation, and Credit Risk Management powered by RadiusOne A/R Apps to improve productivity, maximize working capital, and enable faster cash conversion. Affordable, quick to deploy, and functionality-rich: it is pre-loaded with industry-specific best-practices and ready-to-plug with popular ERPs such as NetSuite and Sage Intacct. The HighRadius RadiusOne A/R Suite is designed to automate labor-intensive processes while streamlining credit and collections activities for faster A/R processing, better cash flow and improved profitability.
Lightning-fast Remote Deployment | Minimal IT Dependency Prepackaged Modules with Industry-Specific Best Practices.
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We have seen financial services costs decline by $2.5M while the volume, quality, and productivity increase.
Colleen Zdrojewski
Trusted By 1100+ Global Businesses
