Small businesses can easily forecast cash flow with help from US Bank
US Bank has introduced a creative new solution to address small business owners’ desire for a better view of their future cash flow. A new online banking tool will allow the bank’s small business customers to see a 90-day cash flow forecast, as well as the ability to leverage customers’ external data in addition to their US bank accounts. Customers can now use the tool through their web dashboard.
The cash flow tool forecasts account balances up to 90 days in advance, as well as a 90-day historical view, providing clients with essential information to help them prepare their business. Clients can use the tool to gain more comprehensive cash flow insights by combining internal and external data sources. US Bank will also continue to invest in the tool, with the goal of adding future capability that would allow customers to design “what if” scenarios and see how they might affect their future cash flow.
“For today’s business owners, cash flow is a top priority. Giving our clients the ability to forecast their cash flow outlook, including the ability to consider various scenarios in the future, will provide them with essential information to make smart decisions for today and tomorrow,” said Irv Henderson, US Bank’s Chief Digital Officer for Small Business. “This is just the latest example of how we’re upgrading our core banking and payment products by combining digital capabilities and the power of data in tools that are easy to use and deliver useful, actionable insights. to our customers.”
This tool is the newest addition to US Bank’s Business Essentials, an integrated “all-in-one” suite of banking and payments solutions designed to make it easier for businesses to manage and administer their finances.
Summary of news:
- Small businesses can easily forecast cash flow with help from US Bank
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