English
HOW SMBS ARE LEVERAGING TECHNOLOGY FOR BETTER LIQUIDITY MANAGEMENT

How SMBs are Leveraging Technology for Better Liquidity Management

August 16, 2023

Download the latest Embedded Finance Tracker®, a Galileo and PYMNTS collaboration. 

Economic uncertainties and inflation are giving rise to cash flow complications and capital access difficulties for many small and midsize businesses, laying bare underlying vulnerabilities in some companies’ liquidity management operations. 

As they seek to navigate this tumultuous environment, an increasing number of SMBs are turning to technological solutions to shore up their capabilities in that area.

By leveraging automation and digitization, these tech-based tools are driving efficiencies that can help SMBs stay afloat amid the current turmoil–and realize significant operational savings over the long term. 

Learn more about how SMBs are utilizing embedded finance to reduce pain points.

Liquidity management: a growing priority for SMBs.

The lingering economic effects of the Covid pandemic have exacerbated the cash flow and working capital issues that long have plagued many SMBs. 

Fifty seven percent of SMBs surveyed in a poll by Caary Capital reported having cash flow management difficulties in the wake of the pandemic, compared to just 41 percent citing such issues pre-Covid. Meanwhile, about half of executives polled in a recent Deloitte study said their organization planned to focus on improving liquidity management over the next year. 

Turning to technology for solutions.

As more companies seek to optimize cash flow and working capital management, advanced technologies are offering powerful benefits such as reduced procurement costs, faster payments and automated workflows–all of which can pay dividends in terms of both cost and time savings. 

And SMBs are taking note of the potential benefits these tools offer; the Deloitte study found that the percentage of companies planning to implement new technology for liquidity management increased by 12 percent between 2020 and 2023. 

For SMBs seeking to ride out the currently stormy business climate–and position themselves for success in the long run–it’s clear the time is now to take advantage of the powerful liquidity management tools that next-generation technology has made available.

“Companies have long been aware of the financial benefits of increasing efficiencies around B2B payments and improving cash flow management–though actually accomplishing those goals has been quite difficult, historically,” said Aaron Bright, head of B2B for Galileo Financial Technologies.

“But now, firms of all sizes have access to an unprecedented array of tools that leverage digitization and automation to help them optimize those processes–thereby reaping direct financial savings and more valuable time to devote to managing and growing their business.”
Aaron Bright
Head of B2B for Galileo Financial Technologies

Want to Learn More?

For more insights on the growing SMB demand for tech-driven liquidity management tools, download the latest Embedded Finance Tracker®, a Galileo and PYMNTS collaboration.

October 2, 2025

The Future of LatAm Financial Inclusion: Education as a Growth Driver

Financial literacy education drives Latin America’s next inclusion phase, transforming account access into customer engagement.

See More
September 30, 2025

Why Do Banking Chatbots Have Such Low Customer Satisfaction Rates?

Traditional banking chatbots achieve only 29% satisfaction versus 72% for modern conversational AI. Discover why legacy systems fail and how intelligent digital assistants reduce response times by 65% while cutting abandonment rates in half.

See More
September 29, 2025

The Evolution of Fleet Financial Management

Revolutionize fleet operations with Galileo’s comprehensive fleet card program featuring advanced spending controls, extensive merchant networks, and real-time decision making.

See More
September 25, 2025

Bridging the Financial Literacy Gap with Galileo’s Parent/Teen Program

Close financial literacy gaps with Galileo's parent/teen platform to differentiate your institution while building customer loyalty.

See More
September 24, 2025

Why Co-Branded Debit Cards Are Revolutionizing Loyalty Programs for the Credit-Wary Generation

Co-branded debit cards target 90% of US adults who own debit cards, reaching debt-averse consumers through turnkey loyalty platforms. Learn how Wyndham achieved 60% direct deposit rates and why brands are choosing debit over credit for customer engagement.

See More