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Automatically Predicting Cash Flows

Automatically Predicting Cash Flows

Say hello to the predictive cash flow module!

We have implemented the predictive cash flow model on our prebuilt accounting solution.

Cash is more KING than ever!

 

It is imperative to manage your cash flow no matter what type of business you are in. Predicting cash flows is never an easy thing which is why we decided to implement it! The model that represented real world cases the best is our behavior model which learns from the customer’s payment behaviors on different product types on an invoice line.

The cash flow prediction model interprets the behavior of income and expenses payments based on historical data and utilizes supplier payment date and the latest bank feed data to increase or decrease the bank balance, accordingly, providing you with a prediction of your cashflow for a three-month period.

Prediction Model Data Feeds:

  • Trade Receivables (predicted when 15+ invoices have been sent and paid by the customer)
  • Trade Payables (based on payment date)
  • Expenses (based on 3 months historical data)
  • Bank balance (based on latest bank feed refresh date)

You can analyze your prediction via company, customer and predicted month. We also provide a breakdown of the actual predicted receivables, payables and expenses with predicted dates.

Predictive Cash Flow Exceptions

The predictive model aims to change behavior and thus support you to better manage your cash flow based on behavioral patterns and the model will learn and adapt as these behaviors change. The model does not recreate the prediction on predicted events that did not occur as predicted but instead provides you with their exceptions so that you can affect change i.e. collect from a customer with the reason that they would generally have paid at this time.

The exception view provides you with a breakdown of #customer, # customer invoice, receivable amount, #suppliers, #supplier invoices and payable amounts that should have been paid based on historical behaviors.

You can sort any of the lists based on date or invoice amounts to support your analysis.

We hope you find the cashflow prediction model useful in changing your customer and perhaps your own behaviors.

Looking for some more prebuilt solutions?

Solutions Overview

Prebuilt Templated Accounting Solution

Prebuilt Templated Accounting Solution

As a Business Intelligence company that focuses on outcome engineering and supporting our customers to be more competitive with their data, we generally perform well during poor or slow economic times, such as the global recession we are experiencing due to the Covid-19 pandemic at present.

We perform well due to the fact that companies are forced to optimize during these times. This means they are investing in projects that drive improvements such as improved efficiencies and cost savings thus leveraging their data better for decision making and gaining more efficiencies through automation.

As accountants within business or in practice these are tough times requiring fingers on the working capital and cash flow pulse of the organizations as liquidity is king! Knowing where to leverage assets vs. cutting expenses that will not strategically set the organization back more than required is essential.

Various financial indicators such as the following ratio categories are essential to identify any leading or lagging financial challenges within the business: Liquidity, Efficiency, Solvency, Profitability, Cash flow Analysis, Financial Stability Ratios. The ability to explore your accounting data and assess the impact of certain decisions by putting them through a scenario planning session is essential. Being able to assess short term and longer term decisions through an integrated planning capability that enables planning across your income statement, cash flow statement and balance sheet is essential. Being able to identify customers “at risk” and the possible impact of such “at risk” customers short and long term is essential.

 → Saving You ~66% Of The Time & Costs 

Our prebuilt templated accounting solution can be implemented on any accounting system’s data. The solution saves on average 3/4 of the time it took to built, to subsequently implement for any organization. We can easily agree a critical list of requirements and a nice-to-have and focus on getting you that high impact outcome engineered solution that balances 100% within 1-3 months depending on your specific scope of requirements.

Solution Overview: 

Explore your financial data across any dimension down to transactional level

Answer WHY things happen questions, not only the WHAT happened

Create context based story snapshots and action plans

Multi company & currency consolidations

Codes (reporting/analysis code consolidations i.e. regions, projects etc.)

Mobile: Online / Offline

Selling time? Time Tracking consolidations for companies that bill on time

Analyze your finances from any perspective:

 

  • Cash flow Prediction & Exception Handling (AI)
  • Budgeting, Forecasting, Scenario Planning, What if, Benchmarking
  • Gross Profit Analysis (Customer, Item, Invoice)
  • Cash flow Statement Analysis
  • Expense Analysis & Benchmarking
  • Inventory Analysis & Forecasting
  • Sales Recommendations (AI)
  • Debtor & Creditor Analysis
  • Debt & Capital Analysis (Working Capital & Ratios)
  • Pricing & Terms Analysis
  • Comparative Analysis
  • Basket Analysis
  • Smart Alerts (Optional Product)
  • Data exports

Scheduled, automated, white labelled reporting (Optional Product)

 

  • Income Statement
  • Balance Sheet
  • Trial Balance
  • Daily Performance Snapshot
  • Management Insights Report
  • Management Accounts per company/account/cost center)
  • On-Demand Reporting

Advanced Analytics Insight Bot (Optional Product)

 

  • Ask any questions and access any data or generate predictions from the system data
Inform-Write! Partnership

Inform-Write! Partnership

We are very excited to announce our partnership with Inform-Write!

Inform-Write! Is a Qlik approved manual data entry solution which enables users to update data directly within the Qlik Sense application. Inform-Write! Provides two products:

 

  • Write! Edit – write back and automatically saves data to any database
  • Write! Planner – prepare any detailed budget or cost plans directly within Qlik Sense

“We are extremely happy to announce our Partnership with Modernising Management. Modernising Management is our first South African Partner and we are very much impressed by their innovative way of thinking and their expertise in several industries.”

~ John Henry Mee (Inform-Software) ~

Modernising Management has been on-boarded onto the products and able to implement them immediately.

    “Write! Is a very useful product for companies that wish to move away from web input views and other manual data entry products such as excel that lives outside your BI environment. This way you have full control on the data entry and changes instantly within the Qlik Sense interface. We look forward to a very successful partnership with Inform-Write!”

    ~ JP Kirton, MD (Modernising Management (Pty) Ltd) ~

    Anybody interested in a demo of the product please contact us

      About Us

      Modernising Management is a data engineering and advanced analytics company supporting our customers to better compete on data. We work with our customers to build their data literacy and BI maturity providing decision support systems across their enterprise processes to compete better.

      The Team & The Pregnancy

      The Team & The Pregnancy

      It was really great to have the whole team at the office again for a change. As a consulting company we seldom get the opportunity to spend some quality time together as a team so we arrange a morning session every month to get together, have a monthly update session and on the occasion celebrate something special as we had the opportunity to do this month.

      The Team

      We have a great team of varied levels from learners, juniors, intermediates and seniors.We have our business intelligence analyst teams and data science teams.

      We arranged for our learners to come visit us at the office for the first time this month. They are currently going through their training program at Velisa Africa and will join us in December for a six month practical experience work placement.

      We are fortunate that the group learners that will join our team this December consist of 5 data scientist candidates and two BIA candidates.

      Our pregnant one

      We took the opportunity to wish UK well on her maternity leave which is about to start soon. It was great that the whole team contributed to some gifts for the little one that will soon join our family.

      We wish you all the best during your maternity leave!!

      Analytics2Insights Service Launch

      Analytics2Insights Service Launch

      We are very excited to announce the launch of our new Analytics2Insights service today!

      Modernising Management (Pty) Ltd today launched Analytics2Insights which is a cloud based platform that provides prebuilt analytical solutions that automatically integrates to your cloud based solutions.

      We have built solutions on the following platforms:

      “We have reached a major milestone in MM’s life. This has been a massive development and collaboration effort from various teams (Marketing, Sales, Technology & Innovation, Solution Architecture, Solution Development, System Architecture) within the company and I truly respect and appreciate the team’s contribution to what I believe are world class quality analytical solutions. We have built a self service platform that enables any user to subscribe, configure their solution, assign their licenses and access their licenses. As a small company that has grown successfully over the last 8 years through good decisions making from good decision support analytics and customer centricity, we want to share the decision support capability with other likeminded business owners, managers and analysts that wish to improve their own work. We look forward to continuously improve the current solutions and roll out new solutions on two week cycles so stay tuned!” says John Paul Kirton, CEO, Modernising Management (Pty) Ltd

      See the Analytics2Insights Launch News Release

      Have a GREAT DIDA DAY!

      MM Marketing Team

      For support on Analytics2Insights please use the links below:

      Support: