Why Clover merchants should monitor their financial health with Nav

Clover merchants can add apps like Nav to help track and manage their business financing, cash flow, and more. When you add the Nav app to Clover, you can easily access everything Nav has to offer in the system that handles payments and transaction history for your business. You can even use Nav to find financing to help your business grow. 

Why business financial insights are important to your company’s health

You already know how to run your business on a day-to-day basis, and you know monitoring your business’s financial health can make all the difference between just getting by and thriving. But crunching the numbers on your own can be time-consuming or expensive when you hire outside consultants. 

Cash flow — the difference between the money coming into your business and the money you spend as a business — is a big indicator of how well your business is doing. But beyond giving you a picture of how your business is doing right now, the right data from your cash flow trends can help you know how you could handle a financial emergency or how you’ll pay your employees during a slow period. It can also help predict when you may need more help than usual based on previous trends. 

Add Nav to your Clover homescreen to get a better view of your financial health

Nav includes tools to help you get a full picture of your business’s financial health. It also provides merchants with exclusive, actionable insights into where you can improve, and the specific steps you can take to put your business in a better position.  

From your business and personal credit scores to your annual revenue and even how you compare to competitors, Nav provides tools to give you the best picture of your financial health and what to do to keep getting better. 

Why getting financing is important for small businesses

Extra financing can help merchants fund their growth by buying new equipment, hiring more employees, or expanding inventory. Many small business owners get money from loans or lines of credit to help give them breathing room during dry periods or to help with working capital during emergencies. 

Securing funding is one of the biggest challenges you’ll face as a business owner. Not only is it time-consuming to do the research to find out what kind of financing you can get, it’s hard to figure out what you qualify for. You don’t have time to apply and get rejected, possibly months after applying, and forcing you to start the process all over again. If you need money for your business, you need it now, and you need to be able to find it with confidence. 

Use Nav in Clover to find better financing opportunities

Nav helps small businesses like yours find the right financing for you, right now. By using your business details and our data analysis tools, Nav can determine which financing is not just ideal for your business needs, but what you’re likely to qualify for when you apply. By helping you track your business and personal credit scores, your annual revenue, your business’s cash flow, and more, Nav’s secure data management system helps small businesses find loans and credit opportunities fast. 

And now you can use Nav right from your Clover dashboard. Simply download the app to start using Nav to get a better view of your company’s finances, plus curated financing options and actionable tips on how to get to the next level. Once you connect your business details, we can start giving you options for making your next business move with confidence. 

Important Disclaimer: Nav is the sole and exclusive provider of services described in this article. Clover does not make any representations or guarantees as to these products / services.  Please see Nav Terms & Conditions for more information.

This information is provided for informational purposes only and should not be construed as legal, financial, or tax advice. Readers should contact their attorneys, financial advisors, or tax professionals to obtain advice with respect to any particular matter.

Editorial Team

Accounting, Clover app partners, Money management

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