Accurate Cashflow Forecasting is difficult, time-consuming, and doing it daily is almost impossible without the right tools.
Forecast Live combines an automated approach to Forecasting that uses your Business System (Accounting) data with Machine Learning (ML) to provide more accurate information on when customers will pay, and when expenses are coming up.
Accounts information changes daily, rendering cash flow planned “out of date” within 24 hours.
Direct synchronisation between your accounting system and Forecast Live provides automatic updates of your cash flow forecasts.
Relying on invoice “Due Dates” makes cash flow scheduling unreliable because customers don’t always pay on time.
Machine Learning (ML) uses historic data to better estimate when payments reach your accounts. This gives you more accurate cash flow forecasting with less chance of negative balances.
Managing creditor invoice due dates may be straightforward, but determining when other expenses fall due is challenging.
Forecast Live uses your historic bank account transactions and deploys ML to populate cash flow expense suggestions. This helps build a more accurate cash outflow estimate.
It is difficult doing a “What If” analysis for monthly cash flow. Determining the long-term impact or ripple effect of varying income and expense amounts is not easy.
With Forecast Live’s multiple cash flow scenarios, existing forecasts can be copied and tweaked. You can add extra expenses or move accounts payable invoices and see the daily balances impact.
MS Excel cash flow forecasting can be complex and lacks real-time connectivity.
Forecast Live’s “Plug and Customise” synchronisation with your accounting software saves time. Better yet, there’s no need for in-depth Excel expertise. No formula building, conditional formatting or macro knowledge is required!
Traditional cash flow forecasting is time-consuming, complex and lacks real-time updates.
Automate complex account settings with Forecast Live. Automation means fewer mistakes and a real-time forecast available in 30 minutes.
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