Ensuring your cash flow is strong can be a challenge for any business, especially when you don’t have integrated systems that give you a real-time view of your finances. Spenda’s seamless integration for MYOB provides real-time transaction updates, reduces manual data entry burdens, and delivers more efficient reconciliation and reporting processes, so you can keep track of your business’s finances anywhere, anytime.
In this article, we outline how integrating Spenda with your MYOB account can enable businesses to strengthen their systems and cash flow.
Make tight cash flow a thing of the past
If your business is still using manual spreadsheets to manage orders and payments, and dealing with the challenges of tight cash flow, Spenda’s solutions provide business owners with a range of approaches to help you address problem areas across your business. Some of these solutions include:
- Implementing better payment options that make it easier for customers to pay and enable you to collect payments instantly
- Investing in smarter digital tools that allow your team to work smarter and remove inefficiencies from across your business
- Say goodbye to accounting headaches by automating your accounts receivable and payables processes
With Spenda’s quick and easy MYOB integration, you can feed your sales, expenses, invoices and payment information directly from our solutions to your accounting system. By syncing all of this information in real time, you’ll be able to see exactly how your business’s finances are tracking to meet your regular expenses and plan bigger investments to achieve continual growth.
Other integrations such as our point of sale, inventory management and payment infrastructure provide business owners with the tools to transform other aspects of their business too. These tools each feed into your MYOB account and Spenda’s integrated payment solution to help you see exactly what’s impacting your cash flow, so you can always make the right adjustments.
Enjoy the convenience of real-time updates and data integration
The option to have real-time data feeds or push transactions daily or in periodic syncs to MYOB means you’ll always have the information you need at your fingertips. Use the automated systems to enjoy increased efficiency in your business or take it a step further to analyse your finances and see what you can change to strengthen your cash flow.
Some of the changes you could make through analysing your business’s data include:
- Aligning expenses with future cash inflows
- Completing long-term cash flow forecasting to identify where and when financial challenges may arise and address these accordingly
Spend less time buried in spreadsheets and and more time growing your business
Spenda’s payment infrastructure and seamless integrations make it easy for MYOB users to enjoy real-time data feeds, making account reconciliation, cash flow forecasting and financial reporting a breeze. Further, with a real-time view of your business’s finances, you’ll know exactly what levers to adjust to ensure your cash flow is strong at all times.
Download the App to try Spenda for yourself. Alternatively, you can book a free demo with one of our payment experts who can show you how Spenda works with MYOB and answer any questions you might have.
*This article is for general information purposes only. Consult a qualified financial advisor regarding any changes to or decisions about your business’s finances.