Xero's cloud accounting platform helps SMEs track their finances

Cash flow problems are the number one reason why SMEs fail. Having true visibility over cash flow data is hugely advantageous for businesses trying to determine their financial health. This is particularly so, for SMEs, which generally operate on much slimmer margins. However, obtaining this visibility without comprehensive information from multiple data sources, including banks, customer invoices, outgoing payments, payroll and more, in real time is next to impossible. So, how can SMEs track their cash flows efficiently?