(BOSTON, MA) — 512Financial, a strategic finance partner to growing businesses, has partnered with Centime to bring leading cash management solutions to its clients.
Working with high-growth businesses, 512Financial supports an array of back-office needs, from accounting to HR to compliance.
“We’re always looking to deliver value to our clients. Centime is a well-priced solution that gives CEOs and CFOs insights into cash, whether it’s regarding payment options for AP or tracking down AR,” 512Financial co-founder and CEO Bart Davis said. “Clients love it, and they love us for bringing it to them.”
Centime offers a suite of cash management solutions that can be used individually or in any combination. Centime Cash Management includes the following:
- Cash Forecasting: Businesses can use the Cash Forecasting application to automatically create a rolling 13-week cash flow forecast.
- Manage AP and AR: With these applications, businesses can unlock valuable working capital by stretching Days Payable Outstanding (DPO) and shrinking Days Sales Outstanding (DSO).
- Working Capital Line of Credit: Businesses can qualify for CentimeCredit — a working capital credit line of up $250,000 — and can draw from the line as and when cash is needed.
- Cash Reporting and KPIs: Cash Reporting and KPIs can be used by businesses to gain insights and answer questions relating to their use of cash. Some examples include: “What was my cash flow and cash burn in the last quarter, and how does it compare to the prior quarter? How is my AR team performing on collections?”
"We depend on 512 to identify strategic opportunities for us to run a better financial operation, and they’ve done that with Centime. We are excited about what the solution can do for us,” said John Eckman, CFO at Lean DNA, a provider of cloud-based inventory management systems.
Contact either 512Financial or Centime to learn more about the partnership and their respective solutions.
512Financial’s team of experienced accounting, finance and HR professionals exists to streamline the back-office needs of high-growth companies. While its clients focus on their businesses, 512Financial is supporting their accounting, reporting, compliance, payroll and sales tax needs.
With its cash management applications, Centime helps small and mid-sized businesses thrive.
Centime provides comprehensive SaaS solutions that integrate with the customer’s accounting system and feature applications that address key aspects of the cash flow life cycle.
With Centime Cash Management, businesses can monitor cash balances, forecast cash flows, automate AP and AR, access a range of cost-effective credit and liquidity solutions, and track key indicators of cash flow and business performance.
Centime was awarded 2022 Commercial Banking Fintech of the Year by Aite-Novarica.
For media queries, email email@example.com For detailed product information, email firstname.lastname@example.org. Learn more at Centime.com, and connect with us on Twitter, Facebook and LinkedIn.