Every decision you make relies on a clear understanding of your business’s financial health. That’s why having real-time cash flow insights at your fingertips is essential. With the latest update to Dashboards, you can now track Cash Manager data alongside other key metrics, giving you a more complete picture of your financial position.
Let’s explore how this can help you stay in control and make smarter decisions with this new functionality.
What does this mean? 🧐
If you're unfamiliar with Cash Manager, this is Syft's AI-powered tool for short-term cash flow projections. Cash Manager provides you with a detailed, real-time overview of your short-term cash flow position and financial performance based on data pulling through from your accounting software.
Now, you can connect data from Cash Manager to your dashboard to keep track of this information alongside other key metrics.
How does it work? 🔎
Navigate to Visualize > Dashboard and click "Add card." You can then select the relevant entity and choose Cash Manager. Lastly, you can select which card to show, choosing between the following:
Cash in vs. cash out
Cash Balance
Net cash movement
Cash Overview: the cash you can expect today, in the next week, over the next 8-30 days, and your current balance
Cash accounts overview: the cash in and out in the next 7 days
Then click "Create" and voilà - you have a new dashboard card!
Pro tips 💡
Now that we've covered the basics of this new feature, let's look at some of the powerful functionality you have:
Finding the source: If you click the cog icon and select "Go to source", this will take you to the relevant section of Cash Manager.
Choosing the graph type: If you've added a graph to your dashboard, you can also change between a bar and line graph by clicking on the cog icon and selecting "Format card".
Choosing colors and card size: You can also choose the graph colors and the card size in the "Format card" pop-up.
And, as with other Dashboard cards, you can hover over the graph to magnify the details.
Note 📝: Regardless of the date and period selected for the dashboard, the Cash Manager cards will always show the date for 30 days from the current day.
Closing thoughts 💭
By incorporating cash management information into your daily dashboards, you gain a clear and immediate view of your financial health, allowing you to make proactive, data-driven decisions. This real-time visibility helps you anticipate cash flow challenges, seize growth opportunities, and maintain financial stability.
Keeping these vital metrics front and center ensures that you can swiftly respond to changes, optimize working capital, and safeguard the long-term success of your business. In today’s fast-paced business environment, integrating cash management into your daily routine isn’t just beneficial—it’s essential.