Cash flow is an essential financial metric to measure a business’s performance and
As global commerce evolves, countries have searched for a safe and secure means to get money from one bank account to the other. International transactions often require a network or intermediary institutions to ensure everything goes smoothly. In Europe, it’s called the Society for Worldwide Interbank Financial Telecommunications, (SWIFT)
A SWIFT payment is a type of transfer that allows you to make a payment in any currency to any bank and country around the world.
It is often used to transfer money to countries outside the European Union, but that does not mean that you cannot use it to send funds between EU member states.
If you run an e-commerce business that has operations all over the world, chances are that you would most likely send payments via SWIFT to your suppliers and your customers.
An international boarding school in Europe that has students from all over the world, would have to receive some payments via SWIFT.
Many SaaS B2B/B2C payment solutions, including Fincra, have incorporated SWIFT payments into their payments infrastructure, to facilitate payments for merchants and customers all over the world.
health. Typical of any business, cash constantly moves in (inflow) and out through sales, paying suppliers or salaries (outflow). Keeping your cash flow positive; a business with more inflow than outflow is essential to its health.
To increase positive cash flow for your business, you need to be flexible and willing to try out new things. These are five ideas that can help you.