New platform to help keep cash flowing
Cash is the beating heart of any small business. The proper management of funds in any business is vital. The EU-funded SCF project aims to make professional cash flow management accessible to small enterprises. It will develop a Smart Cash Flow platform – fully embedded in the user’s online banking services – to advise companies on how to best manage cash flow on a daily, weekly and monthly basis. To make this available to SMEs, the project proposes the linking of accounting software packages to corporate banking accounts, using artificial intelligence to register patterns, develop forecasts, and streamline cash flow planning. The natural interface of this solution is the online banking account.
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