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Expex Solves Cash Flow Problems

Expex Solves Cash Flow Problems

Expex is excited to be highlighted in this month’s 518 Report published by Innovate 518.

Innovate 518 is associated with the State University at Albany. Innovate 518 is a collaborative effort of incubators, accelerators, and entrepreneurial service providers from New York’s Capital Region including Albany, Columbia, Greene, Rensselaer, Saratoga, Schenectady, Warren, and Washington counties. Their mission is “to drive commercialization within New York State’s Capital Region by leading the development of a supportive innovation infrastructure and connecting entrepreneurs to the start-up ecosystem.”

The article voices the issue of small business and the impact poor cash flow has on a business’ success or failure:

Poor cash management causes 4 out of 5 business failures, yet most small business owners dislike bookkeeping and lack time for financial management.

Expex, Inc. solves this problem with a web-based app that provides five services to automate accounting tasks, improve cash flows and save time and expenses. It integrates with QuickBooks and 11,000 financial institutions.

“I am a small business owner, and I saw first-hand the issues that small businesses face with cash management,” said founder Anthony Lombardo. “There were a few products out there, but either they were for larger businesses or they dealt with only one aspect of financial management. I thought there’s got to be a better way.” Read more…

If this article speaks to you and your business environment, ask us how we can help.

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