In today’s business world, the speed of information is an asset, and nowhere is this truer than in cash management. For a VSE or SME, every euro counts, and each unanticipated delay in payment can have significant consequences.
If you’re still relying on manual bank statements and Excel spreadsheets updated once a week, you’re sailing blind. Monitoring payments in real time is no longer a luxury, it’s a necessity for the health and growth of your business.
1. Better management thanks to a clear vision
The main reason for adopting real-time monitoring is simple: to have instant visibility of the state of your finances.
Anticipating your actual account balance
Your real-time bank balance not only reflects the money ‘available’ at a given moment, it also includes the impact of payments that have just been issued or received. Thanks to solutions like Azopio, which connect directly to your banks and reconcile invoices and transactions almost automatically, you can obtain an ultra-precise forecast balance.
- The Azopio advantage: No need to wait for the accounting extraction! You’ll know instantly if a large supplier invoice has been received, or if an expected customer payment has been credited.
Avoid the stress of overdrafts
With a clear view, you can immediately identify the risks of pressure on your cash flow. Do you have a large payment due tomorrow that could put you in the red? Real-time monitoring gives you the time to act: postpone a less urgent disbursement, or release a line of credit.
2. Speed up and optimise receivables management
Time is money, especially when it comes to recovering what is owed to you.
Reduce DSO (Days Sales Outstanding)
Real-time monitoring is your best ally in the fight against late payment. The forecasting dashboard shows you which deadlines have been missed.
- Instant dunning: You can launch a customer dunning procedure as soon as you like, with just one click on all unpaid invoices. The faster you act, the faster you get paid.
- Identifying errors: A customer claims to have paid? You check immediately. In the event of non-payment, you have immediate proof to unblock the situation.
Optimising supplier relations
Having a real-time view of your outstanding invoices means you can :
- Take advantage of discounts: Take advantage of early payment discount opportunities when you know your cash flow allows it.
- Avoid penalties: Never pay late fees again by knowing exactly when to schedule your payments.
3. Security and greater control
Automation and real-time also offer an additional layer of security.
Rapid detection of fraud or errors
Every transaction is traced and visible. If an unusual payment or an incorrect amount occurs, you are the first to know. Real time means you can isolate and rectify the problem before it gets any worse.
Simplified bank reconciliation
Azopio’s near-automated bank reconciliation functionality ensures that every financial transaction corresponds to a supporting document (invoice, receipt) in your system. Real-time reconciliation transforms this often tedious task into a smooth, continuous check, freeing up valuable time for you and your accountant.
Real time is your dashboard
Imagine driving a car without a speedometer or fuel gauge. That’s what cash management without real-time payment tracking is all about.
By adopting an intelligent, connected solution, you’re not just modernising your accounting. You’re giving yourself a genuine financial dashboard that allows you to make informed decisions, secure your capital and focus your energy on what really matters: growing your business.
Ready to switch to real-time control?
