Quattro Smartens Up Small Biz Finance

The extremely high rate of startup failures can be daunting for any small business owner, but understanding where these failures come from is key to success. Most small businesses cite cash flow management problems as the cause for their demise, making it all the more crucial that SMEs have the necessary tools and resources to manage their finances.

Quattro’s new service aims to arm SMEs with the tool of Big Data to get their finances in order and survive the struggle of growing a small business.

The company announced its new business intelligence tool on Friday (July 10) as a service that helps small businesses gain a hold of the massive amounts of data at their disposal and turn it into useful information. Its BI Tool provides financial dashboards, reporting tools and alerts to help business owners gain new insight into their cash flow.

According to reports, the BI Tool provides SMEs with financial planning and cash flow analysis services while offering an array of other features all geared towards making it easier for small businesses to ensure their finances are in order. From inventory planning to expense management to financial forecasting and planning, the BI Tool places the benefits of Big Data — often complicated for small businesses to handle — in the hands of SME owners.

Additionally, the tool provides ways for SMEs to manage risks and compliance by integrating Big Data analytics into governance models, meaning greater transparency for small businesses.

A report published last month by Wasp Barcode Technologies revealed just how important it is for small businesses to have access to the capabilities of managing cash flow in efficient and robust ways. In its “State of Small Business Report,” Wasp found that the smaller the business, the greater cash flow becomes a concern. And while business owners were largely found unable to adequately manage their finances on their own, the majority do not outsource their financial planning and cash management practices to an expert — making access to financial management tools even more critical.

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