New Cashflow Management Software Company Harmonic Financials Begins Operations, Promises to Decrease Impact of Economic Crisis on Manufacturing Companies

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New startup Harmonic Financials innovates on the subject of cashflow management that has gained new prominence in the wake of the financial crisis.

Harmonic Financials, a new startup company based in Toronto, Ontario has launched its new website today, announcing the features of the first release (Model 2009 Type A) - scenario planning, receivables management and historic analysis capability. This marks the birth of the first company to explictly focus on the problems of cashflow and working capital management, created in the wake of the global financial crisis.

"It has become increasingly more difficult for manufacturing firms to obtain loans due to the financial crisis. " said Dmitri Artamonov, CEO of Harmonic Financials. "This, coupled with decreasing sales and competitive pressures from abroad force a revamp of the way that working capital and cashflow management has been done in the past. For the majority of the firms the crisis will truly hit in 2011, when a large proportion of loans will mature and the question of how to continue operations without having the slack afforded by credit will become very important."

Harmonic Financials ( creates software combining cashflow information from existing enterprise systems into a single unified cashflow and working capital management software product. Financial managers in manufacturing firms will have the capability to automatically forecast the cashflow of their operations, whereas in the past it was done manually via spreadsheets. "Because all information is brought together, it's easy to automate the forecasts and reports necessary for the financial manager to run their company at the peak of financial efficiency. Our goal is a full set of updated financial statements ready at a single click, before the financial manager even drinks their morning coffee." comments Artamonov.

For more information, contact the press office of Harmonic Financials.


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