Finagraph Offers CashFlowTool For Visa Business Cards

CashFlowTool has become available as a benefit for domestic Visa Business cardholders, according to a Monday (March 22) press release from financial software company Finagraph, which described the technology as a “powerful Software as a Service to enable simple, powerful and predictive cash flow for businesses and accountants.”

“We are proud to expand our relationship with Visa,” Finagraph Chief Marketing Officer Dave Fester said in the release. “By offering this as a cardholder benefit, small businesses will have a simple automated tool to help them understand their cash flow situation.”

The Finagraph CashFlowTool links to every version of QuickBooks. As a result, small companies can quickly view their future outlooks with the cash flow calendar, interactive charts, dashboard for key performance indicators (KPIs) and what-if scenarios. Moreover, the technology finds unusual occurrences and provides notifications regarding overdue payments and unanticipated bills or if they are running low on funds.

“Now more than ever, it is critical for small businesses to easily manage their cash flow,” Gloria Colgan, global head of card products and platforms for Visa Business Solutions, said in the release. “Our partnership with Finagraph adds to Visa’s continued efforts to help small businesses across the U.S. grow and thrive.”

Cash flow is king, particularly for small- to medium-sized businesses (SMBs). Companies of this size often have less funding than their bigger counterparts, and this makes it essential that they operate as effectively as they can and receive visibility into their working capital and costs. These smaller companies have to find out the precise amount of cash they have available and how much they can afford on expenses while working to satisfy future obligations.

The onset of the pandemic worsened matters — some SMBs watched their savings evaporate as consumer purchasing dropped off or completely stopped. Individuals have been tightening their belts, and the service models of businesses simply couldn’t acclimate to public health concerns and stay-at-home orders.