02-06-2024, 06:48 AM
Yes, it's possible to have cash flow management in place without software. Manual methods such as spreadsheets, paper ledgers, or even simple handwritten records can suffice. However, software offers advantages like automation, real-time updates, and sophisticated analysis tools, streamlining the process and providing deeper insights. Nevertheless, the key is effective planning, tracking, and decision-making, regardless of the tools used. The choice depends on the business's size, complexity, and preferences regarding technology adoption.