Working capital efficiency.
Manage working capital
Stop wasting your team's time chasing after past due invoices.
Automate your tedious receivables process. Improve cash flow.
Working capital efficiency.
Stop wasting your team's time chasing after past due invoices.
Automate your tedious receivables process. Improve cash flow.
A/R automation can lead to a reduction in DSO by expediting the payment process and minimizing delays.
By automating routine tasks like payment reminders and invoice follow-ups, Extend frees up human resources from manual collection efforts.
Gain real-time visibility into outstanding invoices and expected payments for accurate cash flow forecasting.
Automation minimizes the chances of manual errors that can occur during data entry and calculations. This reduces the likelihood of disputes and payment delays due to incorrect billing.
Extend integrates with online payment gateway. This speeds up the payment process and reduces the friction associated with traditional payment methods.
Extend can be set up to send automated payment reminders to help in proactive communication and encourages timely payments, reducing the risk of overdue invoices.
Extend streamline and optimize various aspects of managing outstanding invoices
and accounts receivables collection process
Efficient working capital management can lead to a reduced need for external financing. This can lower the overall cost of capital for the business, as it relies less on expensive short-term loans or lines of credit.
Adequate working capital serves as a cushion against unexpected financial setbacks. Businesses with insufficient working capital might struggle to meet their obligations and are more vulnerable to bankruptcy or insolvency.
Efficient management of working capital ensures that there's enough liquidity to cover these expenses, reducing the risk of disruptions due to cash shortages.
Having adequate working capital allows a business to continue its operations smoothly even during periods of unexpected expenses, slow sales, or economic downturns. It provides a buffer to maintain business operations without interruption.
Maintaining the right balance of working capital can reduce the need for short-term borrowing to cover operational needs. This lowers interest expenses and reduces reliance on debt to meet day-to-day obligations.
Businesses with a clear understanding of their working capital needs can plan strategically for the future. They can allocate resources effectively, set growth targets, and make informed decisions to achieve their long-term goals.
Improve your workflow and gain insights into your business by tapping into an ecosystem of third-party tools.
Browse integrations
Keep your existing invoicing and accounting tools that you're using. Extend syncs directly with your accounting software so everything’s always in one place.
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Business Details:
Please contact support@tryextend.com to update your business details such as legal name, business type, and email address. Only users with the role Admin can submit these changes on behalf of your business.
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