Cash Flow Gets Easier For Small Businesses Thanks To A Partnership With Moody’s Corporation and the Foundation for Small Business Development
The Foundation for Small Business Development (FFSBD) announced last week that it has partnered with the Moodys Corporation, a global provider of credit ratings, research, tools and analysis to collectively provide education, certifications, and cash flow management and forecasting tools to the nation’s largest small business assistance network, America’s Small Business Development Centers (SBDCs).
According to a January 2019 Wakefield Research survey, 61% of small businesses regularly struggle to manage cash flow. Additionally, 82% of business failures are due to poor cash flow management skills or poor understanding of cash flow, according to the March 2017 Preferred CFO study.
By delivering cash flow management and forecasting education combined with cutting-edge software to the SBDC Network, this partnership will enhance the impact of SBDCs to stimulate entrepreneurship and help small businesses grow.
The three year grant will provide a program of training and certification in partnership with cash flow expert Finagraph™, the makers of CashFlowTool.com.The program will be available online for SBDC Advisors as well in-person which will be delivered at national, regional and state SBDC events. Once SBDC Advisors complete the training courses, they will be able to empower their small business clients with in-depth cash flow expertise.
In addition, SBDC’s small business clients will receive a 6-month free subscription to CashFlowTool to help manage and forecast their business’s cash flow. The first online training course will roll-out to all SBDC Advisors beginning Monday June 24, 2019 and the in-person training will be offered at various SBDC All Hands Conferences throughout 2019. A CashFlowTool certification program will roll out to SBDC advisors on July 15th, 2019. To learn more, click here.