How Late Payments Can Sink Businesses

A cash flow forecasting solution can help

Centime’s strategic partner, First National Bank of Omaha (FNBO), will host a webinar in October on cash flow management.

Ahead of the event, FNBO Director of Product Management, Matt Carrico wrote about the damage late payments can cause businesses.

“Companies rely on the cash flow from incoming payments to meet liabilities and cover operating expenses. Yet for 47% of businesses, the number of late payments is increasing, interrupting the flow of cash and impeding the organization’s ability to meet its own financial obligations.

The good news is that technology is making it easier than ever to manage the impact of late payments. A well-rounded forecasting solution can identify gaps in cash flow, offering better financial management and liquidity,” Carrico wrote.

Read his full post, titled, “Late payments can sink businesses — a cash flow forecasting solution can help,” here.

Visit FNBO’s website to get started today.

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*Centime is not a bank and is not authorized by any federal or state agency to engage directly in core banking activities.
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*All banking products and services available through Centime are provided by FNBO and are governed by the applicable agreements and related disclosures provided to you by FNBO. Member FDIC.
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‍*While Centime facilitates traditional banking activities (such as the acceptance of deposits or extensions of credit), these services are actually provided by our banking partner, FNBO.
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*Centime may provide support services to FNBO, as permitted by applicable law, to facilitate the delivery of its bank products and services.

**Deposit placement through ICS is subject to the terms, conditions, and disclosures in the applicable agreements. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one destination bank, a depositor’s balances at the institution that places deposits may exceed the SMDIA (e.g., before settlement for deposits or after settlement for withdrawals) or be uninsured (if the placing institution is not an insured bank). The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through ICS satisfies any restrictions on its deposits. A list identifying IntraFi network bank

Late Payments Can Sink Businesses

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