Find out: How healthy is your current cashflow?

1

Grab a pen and paper. Write down the number of "A", 'B" and "C" answers you have.

Results will be available at the end!

Let's start analysing your cash outflow process.

2

How do you pay most invoices?* This field is required.

A. By cash or cheque

B. By bank transfer

C. By credit card

3

💡 Did you know?

Paying invoices by credit card allows you to...

1) Maximise your available credit

2) Delay cash outflow by up to 2 months (till your card bill is due)

4

How do you process your invoices?* This field is required.

A. Mostly manually

B. Manual and automated mix

C. Fully automated

5

🌟 Opportunity:

High-performing businesses process invoices automatically (without manual intervention). Usage of digital account payable tools can help automate processes.

This will save you a lot of time and money.

6

How many days do you typically take to pay an invoice from its issued date?* This field is required.

A. 25+ days

B. 11-24 days

C. 1-10 days

7

🌟 Opportunity:

An average business usually takes 17.9 days to process an invoice but high-performing businesses only take 3.4 days.

How? By leveraging tools that automate payables process.

8

How well equipped is your business to handle unexpected expenses?* This field is required.

A. Not well, we have less than 1 month of operating cash reserves

B. So-so, we have 1-3 months of cash reserve

C. Well, we have 3+ months of cash reserves

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Now, let's have a look at your cash inflow process.

10

How many hours do you spend per week on administrative tasks collecting payments?* This field is required.

A. 10+ hours

B. 3 to 9 hours

C. 2 hours or less

11

💡 Did you know?

Automating your collections could help you save up to 25 days a year chasing payments.

That equals a cost saving similar to a month's worth of employee salary.

12

How do you mainly receive payments from customers?* This field is required.

A. Cash and cheque

B. Bank transfers

C. Card payments

13

On average, how long do customers take to pay you?* This field is required.

A. 60 days or more

B. Less than 60 days

C. Less than 30 days

14

🌟 Opportunity:

One smart way to get paid faster is by allowing customers to defer their payments without affecting your cash flow.

Platforms like Elevate allows you to accept credit card payments digitally, with great convenience and no integration. Just send a payment request link. The payment gets reconciled automatically with your Elevate Account.

15

Do you incentivise customers with early payment discounts?* This field is required.

A. Mostly overdue

B. Some overdue

C. Mostly on time or within payment terms

16

🌟 Opportunity:
By offering early payment discounts, you could increase customer retention rates by 5%, and thereby increasing profits by 25% to 95%*.

Such discounts incentivises quicker payments, boosts your cash inflow, builds customer loyalty and improves retention.

*Based on a study conducted here.

17

How often do you face a cash flow gap?* This field is required.

A. Most of the time

B. Sometimes

C. Rarely

18

You're almost there!

Lastly, here's how to spot potential cashflow gaps.

19

How many months of cash reserves do you have set aside (especially for unexpected expenses)?* This field is required.

A. None, I operate month to month

B. Less than 3 months

C. 3+ months

20

💡 Did you know?

It is important to save at least 3-6 months of operating expenses in case of challenging times.

21

Do you have access to a line of credit?* This field is required.

A. No, I don’t

B. Yes, a personal credit line

C. Yes, a corporate credit line

22

Do you find it fast and easy to access financing?* This field is required.E.g. a bank loan

A. No, it’s difficult or complicated

B. Sometimes but it is possible

C. It’s easy - I can always get financing

23

Do you leverage alternative financing (funding outside of banks) to fund your business?* This field is required.

A. No, I don’t

B. No, but I’m considering it

C. Yes, I do

24

🌟 Opportunity:

Consider joining the 74% of SMEs who were unable to secure financing from banks, to opt for alternative financing options from digital financing providers such as Funding Societies.

25

Hooray, you've completed the cash flow health check!* This field is required.Click "Submit" and you will be redirected to view the results! Your cashflow health check responses will be sent to you via email.

First name

Last name

Your company's name

Work email address

Mobile phone number

26

Click here to view the analysis of your results!

A copy of your responses has been sent to your email.