So, accountancy software such as Xero and Quickbooks look at the here and now but what about the future?
Understanding the numbers and the financial health of your business is about more than looking at the past and present but also looking forward. Here, I consider the features of Fluidly and why I believe digital software is an essential tool to enable businesses to see the complete picture and plan for the future.
Having looked at various software on the market, Fluidly stood out for me as an all-in-one cashflow management platform and I have taken the step to add it to my clients’ Xero accounts, so that they can use it for their business.
So what’s it about?
Fluidly is a cloud-based software that links to your accounting software, like Xero or Quickbooks and enables you to consider a 3-month cashflow for your business.
The software is AI based, looking at the patterns in your business financials to determine what may reoccur in the future and brings those patterns through. However, you can also make changes to consider different scenarios too.
Reasons to use digital software to plan for the future
1. Instant Cashflow Forecasting
Fluidly connects to your Xero or QuickBooks to create a cashflow forecast in minutes, saving you spending hours in spreadsheets or backs of envelopes!
2. Access to Funding
Access fast, hassle-free business funding. Get a quote in seconds and see options across the market. Fluidly has an in-house funding team who work with a large panel of lenders across different products. They provide access to a host of funding products, from the Recovery Loans Scheme (RLS) to more traditional forms of finance. If you are looking to raise funds, then it may be worth having a look at what they can offer.
3. Scenario Planning
From taking out a loan to hiring new staff, the software allows you to see the impact of different financial scenarios and make important business decisions. You can save scenarios and consider the impact of each of your decisions and potential outcomes. This lets you consider where there may be new areas of income or costs and understand their impact.
4. Chasing Debtors
With Fluidly you can identify late payers, prioritise debt and collect what you’re owed. By having a clear way of identifying and prioritising you can focus your efforts to ensure you actually get paid.
5. Free Training
If you want to get a better understanding of Fluidly and how to use it, then they offer weekly webinars giving an introduction to the software and also have lots of training videos. On the weekly webinar you can follow along and be ready to prepare your cashflow forecast after the session. And if you prefer to work at your own pace, you can always work through their training videos.
Need some help to get organised?
If you want to start using Fluidly and need a bit of help to get started or if you are already all connected but know you could be utilising it more, please get in touch.