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Time Management

Time Management

Time is literally money and if you are selling time then we have the solution for you!

Our prebuilt templated time management solution ensures you are always on top of your time based sales such as your consultation and training services. We have prebuilt the solution with a lot of options for various dimensions on data based on the analysis requirements.

Our prebuilt solution ensure you balance 100%

  • Measures
  • Dimensions
  • Rules
  • Calculations
  • Standartisation (Governed Library)
  • Visualizations

Our time management solution provides for the following dimensions on your data:

  • Captured Time
  • Written Off Time
  • Billable Time
  • Billed Time
  • Billed Amount
  • Unbilled Time
  • Unbilled Amount
  • Customer
  • Employee
  • Project Name
  • Task Name

You can perform various analysis such as who earns the best margin per which project and what type of tasks are mostly executed and do we need training on such capabilities?

So you can explore your time management data from any dimension and we have brough in all the calculations to manage various KPI’s such as Total Time Captured vs. Previous YTD etc. on all these dimensions.

We can also define your time according to your work week i.e. whether you are working on weekends or not including holidays.

We provide some dedicated views to support your rapid month end processes including some exception and variation analysis ensuring your teams have booked and invoiced all the time required.

You can book a demo of the solution from our solution page: Time Management Solution

We look forward to spending some time with you!

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