Payhawk, a rapidly expanding spend management platform, headquartered in London, is renowned for its ability to blend company cards, reimbursable expenses, and accounts payable into a seamless solution.
In response to the alarming statistic that nearly 50% of startups fail due to inadequate cash flow management, Payhawk has launched a comprehensive money management handbook. The guide, crafted for Founders and CFOs of startups, specifically those with venture capital (VC) backing, aims to provide crucial support to navigate cash flow complexities and foster business longevity.
Payhawk, at the cutting edge of spend management solutions, helps businesses optimise their finances by integrating company cards, reimbursable expenses, and accounts payable into one user-friendly platform. With a diverse customer base across 32 countries, including multinational corporations like LuxAir, Gtmhub, and Wagestream, Payhawk’s technology enables finance teams to effectively control and automate company spending on a large scale.
The newly launched handbook, titled ‘How to demonstrate robust cash flow control post VC funding: A guide for CFOs and Founders,’ acts as a beacon for startup Founders and CFOs seeking to improve their cash flow management. The handbook covers a broad range of critical topics such as cash flow management priorities and effective utilisation of spend management solutions post-VC funding, supporting startups in their quest for long-term success and resilience.
Payhawk’s handbook offers valuable advice to startup Founders and CFOs, enabling them to make the most of their spend management software, a prevalent tool amongst early stage companies. The guide ensures businesses effectively leverage these tools to support day-to-day operations, demonstrate strong cash flow control, and project a roadmap for profitability to their investors.
Contributors to the handbook include esteemed VC firms such as QED Investors and Early Bird Digital East Investors, investment analytics specialists Essentia Analytics, and startups including Heroes, VICIO, Rentals United, and Hypoport.
Payhawk CEO and co-founder Hristo Borisov said, “We’re pleased to launch our handbook, ‘How to demonstrate robust cash flow control post VC funding: A guide for CFOs and Founders.’
“We’ve collated research and insight from a variety of VC firms and startups that gives Founders and CFOs the inside scoop on spend management in both the early stages of their business, and once they’ve secured VC funding. At Payhawk, we ourselves used these same tools to beat the statistics and become Bulgaria’s first unicorn, so we have confidence in our findings.”
Renowned investors such as Lightspeed Venture Partners, Greenoaks, QED Investors, Earlybird Digital East, and Eleven Ventures support Payhawk.
Keep up with all the latest FinTech news here
Copyright © 2023 FinTech Global
