Why Mid-Market Finance Teams Outgrow Single-Bank Operating Accounts
Most software companies cross $15M in annual recurring revenue with the same banking setup they opened after incorporation: a single checking account, a corporate card program, and a spreadsheet updated every second Tuesday. That structure works when monthly burn is predictable and idle cash sits below $500,000.
Once operating balances exceed $3M across payroll, vendor obligations, and deferred annual subscriptions, two friction points surface immediately: uncompensated yield drag and manual multi-currency reconciliation at month-end close.