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Cashflow is king

Nicholas Gould, founder of omnigo, describes one of business’s biggest pain points and how his company has a series of solutions.

That doesn’t mean coins and notes, it means having the money in the bank to cover your costs.

Cashflow is king

Businesses usually fail because of a lack of cash rather than any other fundamental issue with the product or service they offer.

This is even more pertinent for smaller businesses and, therefore, getting money in the bank as quickly as possible is crucial.

I speak to so many companies all the time who find this a real pain point because they can take a card payment at the weekend and not see it hit their account well into the following week.

At the time of the Bank Holiday, businesses will have been stung by this further because they’ll have to wait one extra day for that money to hit their bank account.

At omnigo, we are a fulfilment partner of dojo - a trusted and well-known platform with one out of every eight UK high street transactions made through a dojo advice.

One of the reasons I like working with dojo is the fact that card payments taken on any given day are in our clients’ accounts the following day – it doesn’t matter if it’s a weekend or bank holiday, the money is there and ready for them to reinvest.

I know businesses who might have a really strong weekend of takings and they don’t want to wait until the following week to go out and buy more stock, they want to get to the wholesaler straight away.

Our platform allows them to do that and is something that clients often comment upon as being not just a useful feature, but a vital one in a very fast-moving world of business.

At omnigo, we do offer other forms of support when it comes to helping companies with finances with funding available from £1,000 to £1 million to help businesses invest in growth and move to the next level.

For more information go to https://omnigo.tech/ or drop me a line at [email protected]

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