For small businesses, cash-flow is the ultimate indicator of financial health.
San Francisco, CA (PRWEB) July 22, 2011
billFLO, a Taulia company, today announced newly-added support for three popular small business finance tools - Blinksale, Less Accounting and Harvest. billFLO is a web-based cash-flow management system that gives small businesses a real-time, forward-looking view of their financial health. billFLO aggregates data from accounts payable, accounts receivable and expense reporting processes to generate a real-time view of cash flow. billFLO was recently acquired by Taulia Inc.
“For small businesses, cash-flow is the ultimate indicator of financial health,” said Ian Sweeney, VP of Partner Integrations at Taulia. “Most small businesses are still manually updating spread sheets in an attempt to manage cash-flow. billFLO provides an automated, easy way to aggregate the information they need to respond to cash flow issues before they happen. We’re delighted to be adding support for great tools like Blinksale, Less Accounting and Harvest so our customers can track all their cash flow in billFLO while not having to change the way they operate.”
“At Blinksale we strive to save our customers time and present their income in a clear, concise way,” said CEO of Blinksale, Brandon Cotter. “We’re excited to be partnering with billFLO to bring that transparency to a new level for Blinksale customers.”
Most businesses conduct a day-long cash-flow analysis every month, suggesting that small U.S. businesses lose 300 million days of productivity annually to cash flow management. Combining a simple user interface with sophisticated automation technology, billFLO helps small businesses eliminate time-consuming processes needed to both satisfy accounting requirements and get an insight into the cash standing of the business. BillFLO automates the gathering of income and expense data, which eliminates paper, saves time, reduces manual entry errors, and provides realistic estimates of future cash-flow.
Headquartered in San Francisco, California, Taulia is a solution provider specializing in Software-as-a-Service (SaaS) solutions that help large organizations reduce their total spend and achieve double-digit returns on their cash positions by optimizing their financial supply chain and payment terms with their suppliers. The company recently acquired billFLO, which provides a web-based cash-flow management system that gives small businesses a real-time, dashboard view of their finances. billFLO streamlines the accounts payable and accounts receivable process by delivering a single electronic platform for managing invoices, tracking expense reports, and integrating with various financial systems (QuickBooks, Paypal, FreshBooks, etc.). For more information, visit http://www.taulia.com.
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