JAKARTA - Modalku together with Indonesian Young Entrepreneurs Association Jakarta - Raya (HIPMI Jaya) collaborated to conduct an education through an event entitled "Jaya Business Talk: Tips for Smoothing Out Business Cash Flow".
Cash flow statement is an important indicator in determining business health. According to a paper from Bank of America, a business that does monthly cash flow planning has a survival rate of 80% compared to 36% for businesses that plan on an annual basis. A smooth cash flows greatly affect the creditworthiness of a business. With a healthy financial report, it will be easier for entrepreneurs to apply for venture capital loans.
Reynold Wijaya, Co-Founder & CEO of Modalku, said, "Every entrepreneur certainly has a desire to continue to develop his business. With a smooth cash flow, the financial condition of the business can be recorded and controlled properly. However, maintaining smooth cash flow is not an easy job, especially when businesses are faced with late payments by consumers. One way to ensure cash flow remains healthy is to have venture capital. Education on this matter needs to be encouraged, not only for micro and small businesses, but also for medium businesses. Through today's activity, Modalku hopes to become a business capital solution for HIPMI Jaya members."
One of the solutions from Modalku to smooth cash flow is to present an Invoice Financing product where entrepreneurs can use invoices or unpaid bills as the main document in applying for loans, as well as being collateral. The fast invoice financing process makes this loan suitable for businesses that need to immediately smooth cash flow, especially businesses that depend on receivables paid by consumers / clients. (LM)