Cash is the most important element of any business, but a cashflow forecast can never be accurate if the cash inflow is based on payment terms or average days to pay.
Up to 60%* of invoices are paid late, so it doesn’t make any sense to assume that 100% of invoices will be paid by the due date and then put this data in a cashflow forecast.
WOWinflow uses Machine Learning to analyse the payment patterns and behaviour of a businesses’ customers and automatically produces accurate and reliable cash inflow data to add to your existing forecasts.
AN ADD-ON FOR Xero, QuickbookS & Sage ONE / Business cloud
The WOWinflow add-on app:
Produces incredibly accurate short or long-term cash inflow data to use in spreadsheets or any cashflow software.
Accurately predicts and plots when outstanding invoices will be paid, by day, over the next 90 days.
Categorises invoices in order of priority and payment risk, highlighting threats to help avoid bad debt.
Protects your business with warnings and insights on customers who might be having cashflow issues.
Creates a Watchlist of customers whose payment patterns have become erratic.
Allows you to share data with internal departments, Accountants and Bookkeepers for better decision making.
Watch the WOWinflow video
Accountants & Bookkeepers click here
Automated set up & there's no training required (but we're here to help if you need us!)
* Sources: Xero / Zurich Research
All features & unlimited users for £10 GBP ($14 USD / €14 Euro) per company per month.