Online accounting company Saasu has introduced Forecaster, a new tool which predicts future cash flow for businesses from within Saasu.
“It’s the first time an accounting app provides built-in forward looking cash flow forecasts. This challenges traditional ineffective tools business owners have been stuck with for years. We wanted to create something instantly useful that doesn’t require data entry, plugins or spreadsheets,” said Marc Lehmann, CEO of Saasu, in a press release. “Businesses can now see the future instead of looking in a rear-view mirror.”
Forecaster uses live data to predict how much income is coming in and what expenses are coming up within 30 days. The software uses app intelligence to display the most impactful transactions on cash flow at the top of each column so business owners can see what changes they can make to improve their cash flow position.
For businesses trading in foreign currency, all values get converted to base currency.
Saasu has put together a short (1.20″) video that shows how the forecaster tool works.
Users can drag and drop transactions to different dates in response to requests for extended payment or early payments. This can eliminate blind spots such as customers paying late, knowing how the next pay run will affect your cash position, and delaying payment to a supplier because cash flow is too tight.
Forecaster is available with all Saasu plans at no additional cost. In the video (1.34″) below, Lehmann explains why Saasu introduced the forecaster tool.