As an agency, managing your cash flow can be a complex and stressful task. However, with Float cash flow forecasting, you can take control of your finances and plan for the future.
What is cash flow forecasting and how can it benefit my agency?
Cash flow forecasting is a process that allows you to estimate the amount of cash coming in and going out of your agency over a specific period of time. By forecasting your cash flow, you can predict any potential cash shortfalls and make informed decisions to avoid financial difficulties. You will be able to use Float to forecast for both your overall company and your individual projects. Company wide and project level cash flow forecasting can benefit your agency in several ways, such as:
Providing greater visibility of your cash position
Improving your financial management
Enhancing your decision-making
Planning for growth and expansion
And even reducing your financial stress
Cash flow forecasting is a critical tool for agencies looking to improve their financial management and plan for the future. By following the next three easy steps, you will be well on your way to using Float successfully: