Growth Street, an alternative business finance platform, is delighted to announce the launch of its free “How to Improve Cash Flow” tool.
Designed for small business owners, the tool aims to understand the ‘pain points’ for UK SMEs when cash flow becomes an issue, and provides insights developed by Growth Street’s Chief Financial Officer, Ciaran O’ Donnell, on how to tackle these cash flow challenges.
The launch signals a development of Greg Carter’s (Growth Street’s Founder and CEO) vision; to give businesses the tools they need to grow.
By answering a few simple questions ranging from business seasonality to main monthly costs, the free tool quickly assesses the company’s behaviour. Within minutes, an email is sent with analysis identifying specific areas for improvement.
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According to the C2FO Working Capital Outlook Survey, at a time when SMEs are looking to streamline their finances, 55 percent of businesses surveyed say that cash flow problems are their biggest obstacle to business growth.
Commenting on the launch, Greg Carter said: “We want to offer much-needed support to small businesses at times when they require it the most. The “How to Improve Cash Flow” tool aims to allow business owners to identify quick wins in their cash flow management and better position them to seize growth opportunities.”