Adding Cash Flow Services to your Small Business …...Built on Microsoft Azure cloud platform...
Transcript of Adding Cash Flow Services to your Small Business …...Built on Microsoft Azure cloud platform...
Copyright © 2020 Finagraph – All Rights Reserved (Confidential)
Adding Cash Flow Services to your Small Business Offerings
Copyright © 2020 Finagraph – All Rights Reserved (Confidential)
Small Businesses Universally Struggle with Cash Flow
1 – Wakefield Research survey – Jan 20192 – Preferred CFO Study – March 2017
61%
of small businesses regularly struggle with
cash flow 1
of business failures are due to poor cash flow management skills /
poor understanding of cash flow 2
82%
of small business owners have been kept up at night by concerns
about cash flow 1
69%
of small business owners have been at risk of not paying
employees by payday 1
43%
Cash Flow matters in every business
Cash availability is surprising low
The median small business holds an average daily cash balance of $12,100
Poor Good
50% of small businesses have less than 30 days of cash on hand
Low Recommended3+ months
3
3
3 - Cash is King: Flows, Balances, and Buffer Days Study – September 2016
Very few businesses use a cash flow tool Many think cash flow management is hard
33% 74%use a tech platform, tool or app to manage their cash flow 4
of small businesses judge cash flow tasks as difficult 4
4 – Ipsos Public Affairs – Bank of America Small Business Owner Survey, Spring 2019
Small BusinessDefined
Employees
2-99Revenue
$100Kto $10M
only
Copyright © 2020 Finagraph – All Rights Reserved (Confidential)
Launched Business Advantage 360 Cash Flow App in March 2019
Free, valued added service for BoAsmall business clients
Offers them a competitive edge
Enables their business customers a deeper way to interact with BoA
“We want to create a full customer experience. We have small business specialists in many of financial centers, and we will be adding more, but we are also focused on digital transformation — giving our clients the ability to self-service on mobile or online, so they can choose how they want to interact with us.”
Sharon Miller, Managing Director, Head of Small Business at Bank of America
Cash Flow InsightBusiness Advantage 360
Multiple Banks adding Cash Flow Services for their SMB Customers
Value-added service for PNC small business clients
$10 Monthly fee which is waived with a Business Checking Plus account
Promoted as top tier offering for Small Businesses
Press Release
Demo
Visit PNC Cash Flow Insight
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We built CashFlowTool to drive every business to understand what actually matters and eliminate cash flow as a reason they fail.
Learn More CashFlowTool Lite Demo
KPI Dashboards
Interactive visual cash flow chart
6-month intelligent cash flow forecasting (see by month, week or day)
What-if scenarios to see cash flow impact
See anomalies with CashGuardian™
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in the QuickBooks Marketplace
#1 Rated Cash Flow App
Best CashFlow Tool for Small Businesses
Yasso, 10/25/2019
Real Value Added benefits for clients!
Melcomer 12/06/2019
Saves Me 20 hours a month!MichelleAlchemy, 11/01/2019
Wonderful Insights
Ignite, 12/4/2019
Great Cash Flow App
Accrew, 10/31/2019
Helping BusinessesFocus AheadLindaH, 10/23/2019
CashFlowTool Best App for Accountants
FischerCPA, 12/04/2019
My favorite QB app
Fidalgo Coffee , 12/19/2019
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Let’s bring the #1 rated cash flow service to your customers
✓ CashFlowTool is the #1 rated cash flow app on the QuickBooks Marketplace
✓ Proven & mature product: In the market for 3 years
✓ Cloud-based service offering a complete cash flow view of business vs bank-only view offered in Bank of America’s solution
✓ Works on virtually any device
✓ Multiple options for implementation and ready to be in production in weeks
Why it’s good for BREX
✓ Offer value-added services to your Small Business Customers
✓ Potential upsell to higher SKUs that you offer your SMB customers
✓ Gives you a competitive edge
✓ Provides a deeper connection with Small Businesses and know when businesses need you well ahead of time.
✓ Can be in the market in weeks, not months (or years) – Let’s discuss how!
Why it’s good for your customers
✓ They immediately know their business cash flow
✓ See BREX as a helpful business partner vs just a bank
✓ Provide added services to help them in times of cash flow need
✓ Running out of cash: Get a loan
✓ What-if scenarios (expansion, new capital equip): Get a BREX loan
Copyright © 2020 Finagraph – All Rights Reserved (Confidential)
Simple. Powerful. Predictive.
in the QuickBooks Marketplace#1 Rated Cash Flow App
James [email protected]
Dave [email protected]
Let’s start on this today!
Copyright © 2020 Finagraph – All Rights Reserved (Confidential)
Appendix
Copyright © 2020 Finagraph – All Rights Reserved (Confidential)
So, what is Finagraph?
We are a 100%
US-based software
company building cutting
edge financial technology
for lenders and small &
medium businesses
…with the goal of
helping all small
businesses with
powerful financial
intelligence
Our flagship product
Founded in 2011 by
ex-Microsoft and Bank
of America leaders
Copyright © 2020 Finagraph – All Rights Reserved (Confidential)
James WalterCEOEx Microsoft ExecWindows & Xbox
Dave FesterChief Marketing OfficerEx Microsoft ExecRan WW Consumer Marketing
Cheryl AbrahamsonVP, Corp Ops & LegalEx BBI Financial ExecAttorney
Justin PulgranoVP, Sales & Partner SuccessEx Ernst & Young Sr. ManagerCPA
Steve KellyDirector of EngineeringVP Engineering IntegoEx Microsoft: Group PM Visio
Experienced management team
Proven track record of building & shipping software
Experts in financial management & cash flow
Expertise in AI & Cloud
Multiple patents held
Finagraph Leadership
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Working with the best partners delivering expertise and intelligence
Courses & Certification
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Expose the #1 Cash Flow service as part of the Solutions Offerings
Cash flow management
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Fully Branded BREX Cash Flow Service, Easily Integrated
Brought to you by
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A premium reward to help your business customers
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Easily Integrate Cash Flow Management & Forecasting into Existing Resources
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CashFlowTool Technology Stack built on MSFT
Built on Microsoft Azure cloud platform Highly scalable and reliable
Bank grade security and end-to-end encryption
Azure App Services, SQL, Storage, Functions, AppInsights
Leverages Microsoft Web Service ArchitectureMicroservice architecture with full REST API support
Azure functions written in C#
Modern UX framework built using React & TypeScriptMaterial design and responsive UI
Fully componentized and easy to maintain
High performance and reliable
Strong adherence to Agile development methodsFully utilize Visual Studio Team Services
Continuous integration and deployment infrastructure
Amplifies the power of Microsoft ExcelAutomatic generation of fully formatted worksheets
Inline hosted Excel for online viewing and editing of cash flow predictions
in the QuickBooks Marketplace#1 Rated Cash Flow App
Copyright © 2020 Finagraph – All Rights Reserved (Confidential)
CashFlowTool Secure Platform
• CashFlowTool uses bank-level 256-bit SSL and TLS cryptographic protocols to provide communication security over the Internet. This includes authentication and data encryption to ensure customer data is private and always protected.
• CashFlowTool customer data is stored on Microsoft Azure which has the industry-leading security built-in
• Each Business data has an added level of unique encryption above and beyond Azure’s security
• CashFlowTool only reads from and never writes back to QuickBooks
• We do annual security reviews in conjunction with Intuit to ensure our system is safe and secure
• The customer is always in control of their data and can opt-out at any time
Copyright © 2020 Finagraph – All Rights Reserved (Confidential)
CashFlowTool Mobile Solution
Access on any device via Browser
Consistent with other cloud-based services, CashFlowTool supports a fully responsive design across devices, including PCs, Macs, iPads and phones.
Companion Mobile App
CashFlowTool is the only solution with a companion mobile app, offering instant, ready-only access to both iOS and Android users.
in the QuickBooks Marketplace#1 Rated Cash Flow App