U.S. Bank has launched a new online banking tool to help small business owners better see and understand their future cash flow.
The tool enables small business clients to see a 90-day forecast of their cash flow, with the ability to leverage their own external data in addition to their U.S. Bank accounts. The tool is now available to clients from their online dashboard.
Irv Henderson, chief digital officer for small business at U.S. Bank, commented: “Cash flow is a top concern for today’s business owners. Giving our clients the ability to forecast their cash flow outlook, including, in the future, the capability to consider various scenarios, will provide them with vital information to make smart decisions for today and the future.”
“This is just the newest example of how we are enhancing our leading banking and payments solutions by bringing together digital capabilities and the power of data in tools that are simple to use and provide valuable and actionable insights for our clients.”
U.S. Bank plans to continue developing the tool and expects to introduce functionality that will allow clients to create ‘what if’ scenarios and view the potential impact on their future cash flow.
This tool is the latest feature to be introduced as part of U.S. Bank’s Business Essentials, an integrated suite of banking and payments solutions for small businesses.