A digital wallet can do more than complete transactions. It can also store gift cards, loyalty cards, identification, boarding passes, tickets, and anything else you would keep in a physical wallet.
If your cash flow analysis shows you are running low on cash, a business can make quicker and more informed decisions. It can adapt by cutting costs, obtaining financing, or increasing income. This is what makes examining cash inflows and outflows one of the most important aspects of maintaining a proactive accounting strategy.