![]() What we love about Fluidly is that it also gives you the tools to improve your cashflow by analysing typical customer payment behaviour and outstanding debts, allowing customised collection reminders and scheduled calls. Changes to the forecast are reflected in real time as debts are collected and invoices raised or paid. It makes planning effortless and allows business owners to save time, sleep better and worry less.Ī basic cashflow forecast can be run automatically in a matter of seconds and then tailored as necessary. What is Fluidly?įluidly is a game changer in that it uses real time data and artificial intelligence to analyse patterns in historic (Xero) accounting data and forecast future cashflows. We believe every business should monitor and have an understanding of their cash flow and the first app we’re going to look at, Fluidly allows businesses of all sizes to do this with minimal effort. An area that has been brought into sharp focus by the COVID crisis and which historically many business owners have neglected as they found it time-consuming and the figures rapidly became obsolete. In this regular feature, we aim to help make sense of the bewildering choice and highlight those apps that can make a real difference. There are over 800 add-on apps and counting on the Xero app marketplace. ![]() ![]() Why is three-way forecasting important for a business?Ī three-way forecast is important for a business as it highlights future financial situations enabling you to ensure that the business can afford to pay suppliers and employees.Xero and its ecosystem of integrated apps give business owners unprecedented access to real-time data and provide a range of tools to help better understand their business and inform decision making. In addition to providing granular financial forecasts that explain the future prospects of your business model, three-way forecasts are accurate, robust and provide the best possible insights for your future financial position. For this reason, a three-way forecast is also beneficial for banks and investors. ![]() It links your Profit & Loss (income statement), balance sheet and cashflow projections together so you can forecast your future cash position and financial health.īecause your cashflow forecast is driven by the real-time data in your balance sheet and profit and loss statements, the report has accounting integrity. What is a three-way forecast?Ī three-way forecast, also known as the 3 financial statements is a financial model combining three key reports into one consolidated forecast. When you want to bring financial stability to your company, now and in the future. When you want your business to be attractive to potential investors and lenders. When you and your management want to be confident about your cash position. ![]()
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