Starling Bank has announced a new tool to help SMEs with budgeting.
Bills Manager will help small businesses manage their budgets.
460,000 small businesses currently use Starling’s suite of services.
The tool will place money into “saving spaces” for outstanding payments so businesses do not have to use their main “pot”.
What does this mean?
As the pressure mounts yet again on SMEs, the feature aims to help them budget, forecast and control costs. So far, Starling says uptake of its small business support tools has been “strong”.