Your cash flow predictions for the year, much like anything else, are a bit like having a crystal ball. They help you to take a blurred look into the future and predict if or when you could run out of cash, or even better, have loads of money! Cash is the very thing that keeps your company going. It allows you to pay your staff, gives you the means to do great things for your clients, and for obvious reasons, you need to have enough cash flowing through your business to survive and thrive.
But, did you know, the average salon loses over £25,000 in revenue from no-shows and cancellations each year? Not only will this negatively impact your cash flow predictions, but you’ll also be kissing goodbye to so much cash when there’s something you can do about it!
We have a handy new feature that’s going to reduce your no-shows and cancellations, keeping your cash flow predictions on the right track. You’re going to love it!
Introducing Cancellation Fees
Cancellation Fees is here to save the day when your client bails at the last minute.
Work it Your Way & Stop losing £££
Cancellation Fees are super-flexible, so you can adapt it to work the way that is going to reap the rewards for your business. This feature provides you with the opportunity to charge guests who cancel at the last minute, or who don’t show up for their appointments. This fully configurable feature is easy to set up and gives you the flexibility to choose exactly when and how cancellation fees are charged.
This is a great way to reduce no-shows, as guests are more likely to show up for their appointment if they have already provided their credit card details and are aware of your cancellations policy. This is the perfect way to increase revenue and ensure your team is always working efficiently.
It’s as simple as that!
Now your cash flow predictions that you did at the beginning of the year will be much more accurate, and you don’t need to worry about big losses from cancellations and no-shows!