RALEIGH, N.C. -- Sageworks, a financial information company that specializes in the financial analysis of privately held companies, will make CashSage, its cash-flow solution for business owners, available for free to all U.S. small businesses, including convenience stores, bars and restaurants.
CashSage provides a dashboard in which business owners use sliders to immediately discern how changes in performance indicators can increase or decrease cash. These indicators include sales growth, overhead growth, net profit margin, accounts receivable days, accounts payable days and inventory days. CashSage also provides automated reports with industry-specific recommendations for improving each, including for c-stores.
“From the beginning, Sageworks’ mission has been to help businesses succeed by giving them information they can use and understand,” said Alex Pan, product manager for Sageworks. “For years, we have been achieving this goal through our relationships with accounting firms, who rely heavily on Sageworks’ ProfitCents solution to consult small businesses on their financial performance. Now, with the free release of CashSage for business owners, we’re fulfilling this mission directly by providing small businesses a solution that shows them how much additional cash they could generate by making small changes in their financial metrics and how to go about doing that in their specific industries.”
With CashSage, business owners can:
- Automatically sync monthly financials from QuickBooks online to quickly analyze cash flow.
- View and adjust six financial metrics to immediately see how possible changes in these business drivers can impact available cash.
- Benchmark the company’s performance against Sageworks’ industry database.
- Receive monthly industry-specific recommendations on how to improve each metric.
Raleigh, N.C.-based Sageworks is a financial information company that provides risk management, financial analysis and business valuation solutions to accounting firms, financial institutions and privately held companies.