We hear often:
- Increase sales with incentives and promotions
- Keep a close eye on cash flow
- Plan everything ahead
But if those who tell this were businessmen, they would know how things really work: academically you should have planned everything long ago, but in real life, things are much more dynamic and unpredictable.
Being a businessman you always know how much money you approximately have in a month or three. Most of our clients tell us that before using Puls they either just remembered everything, use Excel for some parts of information, keep some invoices on their tables to have them as a reminder, or being informed by their assistants and accountants regularly or sporadically by bringing reports or packs of invoices.
Some of them say they use an accounting system to track this, but can this system tell you how much money you will have on your bank account on that specific day in a month or two when you must pay that important invoice that you cannot afford to miss?
Yes, accounting systems are not designed for this – their main purpose is financial and tax reporting, and they are mostly concentrating on documenting what has already happened rather than what may or may not happen in the future.
When we created our tool, we thought about these constant concerns – so that you could see on any given day in the future how much money you will have in your account and if it's not enough take a loan within one day.
To see every day how much money is available to you if a cash gap suddenly happens gives a feeling of security. To feel this, you just need to register and connect your corporate bank account – already tomorrow you will find out your credit limit and always see it in the Puls system.
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Subcontractors face long and unpredictable gaps between invoicing and payment. While awaiting payment, they still have to pay for materials, labor, and other project expenses. Therefore they offer early payment discounts to their contractors.
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We’re often told businesses that embrace new technology and adopt innovative ways of working benefit from more flexibility, efficiency — and ultimately increase profitability. So…simple decision, right? Not quite. While the benefits of implementing new technology in your business are well known, there is still a reluctance to do so.