Lynsay Montour
Cash flow is often the most pressing challenge small businesses face. More than a third of small businesses sought funding in 2024, and four in five businesses that started last year used either personal or external financing, with more than half relying on personal contributions. But Gusto’s research shows that most owners don’t need huge loans, they just need a way to handle situations where customer payments are delayed but expenses need to be paid out, or times when there are unexpected expenses.
That’s why we’re introducing new solutions to help small businesses manage their cash flow and speed of payroll, seamlessly integrated within Gusto’s platform.
Simplify Cash Flow Management with Gusto Money
Meet Gusto Money, a new way to help smooth cash flow and make day-to-day financial decisions easier, including:
- Payroll Bridge, powered by Parafin, provides quick access to a payroll line of credit when timing is tight.
- Bill Pay allows you to schedule vendor payments on your terms.
- Invoicing enables you to send invoices, track them, and get paid faster.
“My business needed to pay cash for inventory to prepare for the holiday season, which meant I was going to have to run payroll late in order to keep our production schedule on track. With Payroll Bridge, I was able to get quick and easy access to a payroll line of credit to pay my employees on time. It was a great parachute to be able to easily cover expenses during a time of cash flow stress,” said Aaron Oppenheimer, founder of Color + Light.
Pay Your Team Faster
We’re excited to offer new flexible payroll timing options so you can keep cash longer, and always pay your team on time.
Instant Pay and Same-Day Pay
With our new Instant Pay feature, eligible businesses can pay employees with confidence even when running behind. We help identify when an employer might be late to issue payroll, and they can then use Instant Pay to deliver payroll on time. Our technology sets a new benchmark for instant payroll by determining the fastest way to pay employees regardless of where they bank. For those that have more time, the Same-Day Pay option processes payments within hours instead of days.
Faster Global Payouts with Stablecoins
In the coming weeks, we will introduce a new option for international contractor payments using stablecoins — a faster, lower cost and more flexible way to get paid via our partners.
Here’s how it works:
- Employers pay in cash (just like they do today).
- Gusto will enable contractors to receive stablecoins in a secure crypto wallet of their choice.
This means faster payments and more control for international contractors; they can decide how and when to convert their stablecoins into local currency based on what works best for them.
Learn more about all of our new product releases from Gusto Showcase.
