March 9, 2020
By: Caity Witucki
Contributing Editor, Main Street Monday
Main Street Monday – Kabbage Launches App Allowing Small Businesses to Take Control of Their Cash Flow
Kabbage, an online financial technology company, recently launched a new program that promises to help small- to medium-sized businesses calculate and predict cash flow and help them identify cash surpluses and deficits. The new app, Kabbage Insights, is the most recent addition to Kabbage’s suite of integrated products intended to help U.S. small businesses.
“As a small business owner for many years, I spent many sleepless nights trying to figure out whether I’d have the cash to pay my various expenses, including payroll at the end of the month and it’s been a mission of mine to solve this ubiquitous problem for all small business owners ever since,” says Kabbage CEO, Rob Frohwein. “Kabbage is pleased to launch Insights, taking on this burden for small business owners and providing them with cash flow analyses that large enterprises have at their fingertips. We will continue to level the playing field for the small business owner.”
Kabbage Insights looks at transaction activity to put together a dashboard of financial data. Using this information small businesses can better anticipate changes, allowing them to know when to cut expenses, invest further into the business or seek out appropriate financing for their individual business’ needs.
Paired with the Kabbage Small Business Revenue Index, Kabbage Insights is also the first product available that allows small businesses to compare their company’s performance to similarly-sized businesses operating in their state and industry. The result is an unparalleled cash-flow tool that’s free for small businesses, helping them to anticipate changes, benchmark their growth, plan ahead and make more confident business decisions like when to cut expenses, invest or borrow.
Kabbage Insights is a wonderful tool for main street entrepreneurs because it will give them the financial knowledge necessary to identify, act upon and prevent cash deficits before they occur.
Kabbage Press Release