MEG Analytics’ Post

Having a finance dashboard offers several benefits: - Performance Monitoring - Track metrics regularly against goals. - Data Visualisation - Understand data easily through charts. - Trend Analysis - Spot patterns for forecasting and planning. - Efficiency - Automate processes for streamlined reporting. - Transparency - Provide clear visibility into financial performance. - Decision-Making - Helps make informed decisions for business growth. What else would you add? #business #finance #growth #dashboard _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Follow to see more content Josephine Ferguson 🔔 - for business, strategy, and finance insights. 📮 If you would like discuss any support requirements please DM me. #sme #startups #interimfd #fractionalfd

A key issue I see in startup financial forecasting is….. lack of well-categorized data 🧮 The perfect cost structure consists of: 1. Issue date → to assign costs by month and week 2. Payment date → to monitor cashflow 3. Contractor → to monitor cost per contractor and contactors share of total costs 4. Business Unit → to monitor business unit profitability 5. Cost Center → to monitor costs by type 6. Project (optional) → to assign costs to a project (mainly for service companies) 7. Type (fixed / variable) → to know whether it is a fixed cost or it depends on the revenue structure 8. Net value → to better understand the impact on net profit 9. Gross value → to better understand cash outflows The perfect revenue structure consists of: 1. Issue date → to assign revenue by month and week 2. Payment date → to monitor cashflow 3. Client name → to monitor revenue per client and client’s share of total revenues 4. Business Unit → to monitor business unit profitability 5. Project (optional) → to assign revenue to a project (mainly for service companies) 6. Net value → to better understand the impact on net profit 7. Gross value → to better understand cash inflows To have a better perspective, you should categorize your data in such a way that you can monitor and forecast every aspect of the costs and revenues' future values. With that, your forecasting will be much easier and more accurate. It might sound overwhelming to set up and build such a database. But trust me - it's worth it and it’s not that hard, at least if we help you 😉 #costs #category #controlling #startup #VC

We have ready built CI/CD Platform for you to plug and play and immediately simplify your Front Arena development projects, which will save on time spent and costs. Reach out to us at [email protected] if you want to learn more #experience #analytics #experience #analytics #innovation #management #digitalmarketing #technology #creativity #startups #personaldevelopment #consulting #quantitativeconsulting #riskmanagement #trading #software #customsoftware #frontarena #frontarenaconsulting #quantitative #pricing #financialderivatives #valuation #artificialintelligence #AI #naturallanguageprocessing

🚀 finally, a #Miami-based AI-powered #bookkeeping, accounting, and finance startup, has raised $50 million in a Series B equity round and a $150 million #credit facility, bringing total #funding to $305 million since 2018. 📈 This funding will help expand sales, marketing, and platform #features, including a global hiring module and enhanced #payment support. With 300% annual #revenue growth and over 1,500 businesses served, finally continues to #revolutionize financial management for SMBs. 💡 #Founded by Felix Rodriguez, Glennys Rodriguez, and Edwin Mejia, #finally offers AI-powered bookkeeping, corporate cards with spending insights, and banking functions to streamline SMB finance operations. 💼 The equity was led by PeakSpan Capital, while ENCINA provided the credit facility. This #investment highlights the rising demand for innovative, AI-driven solutions in #finance automation. 🌟 As more #startups in the space, like AccountsIQ and Pennylane, gain traction, finally stands out with its comprehensive "all-in-one" platform vision for SMBs. Source: TechCrunch #StartupFunding #FinTech #AI #Bookkeeping #Accounting #SMB #FinanceAutomation #BusinessGrowth #Innovation #MiamiTech #FutureTechly

Budgeting is generally a pain in the 🍑 but #FPA startup Runway has launched to be the "finance platform you don't hate." More excellent information in the comments via SiliconANGLE & theCUBE and Mike Wheatley: ▶ Runway is now generally available, you just signup to be contacted on their website: runway.com ▶ Integrations are not "on the roadmap"...Runway boasts over 650 platforms including all the popular accounting, crm, hr and data lake major players. ▶ Pain points it aims to solve include financial modeling (driver based), headcount planning, and departmental budgeting. ▶ By incorporating #AI, they claim to remove the time and effort in building financial models and budgets, allowing complex scenrios in seconds. Off the jump, I know FPA is a major pain point for enterprises and advisory firms alike. I have requested contact to dig deeper in Runway's target market and pricing (not public yet) and I'm crossing fingers it has packages friendly to SMBs as well as Enterprise. Co-founder and CEO Siqi Chen says it well in the PR: "financial executives and managers are under pressure to create more value and be more strategic and collaborative. “They are not only expected to understand the whole business, but they’re also bogged down by the administrative work of backward-looking reporting and controls,” he said. “With Ambient Intelligence, they can save time and focus on driving strategic impact.”" I'm optimistic! What do you think?

👉Starting with a plan is the half done job but you need to follow through…

Day 2 of our 10days deep dive into #FundsAudit 🚀 Today, we're unveiling the Analysis Page for the very first time. Dive in & discover how this powerful tool can transform your financial insights & help you make smarter investment decisions. Let's decode your data together! 💡 #fundsaudit #startup #audit #newreel #finance #tech #analysis #audit #finance #financemanager #moneymanagement #business #uiux #design #marketing

Many of the C-level executives I encounter may not fully grasp how to transform their Finance department into a Self-Service Finance Department. Here are some recommendations I typically offer: - Self-service Finance isn't about giving more reports. It's about smart technology that knows what you need and tools that simplify complex data. - Finance teams will need to work closely with the business to fix differences between self-service tools and official records. - Self-service can cut down on busy work, but it can also lead to issues with data accuracy, making Finance cautious about sharing unchecked data. - For self-service to succeed, CFOs must decide where strict data rules are necessary and learn to trust some financial data that doesn't meet all validation standards. #Automation #FutureofFinance #cfo #finance #financeandaccounting #fintech #startup #enterpreneurship #enterpreneur #startupecosystem #startupindia #startupcommunity #startupfunding #startupadvice #startupjourney #startupbusiness #financetransformation #digitaltransformation #CAPriya

Day 2 of our 10days deep dive into #FundsAudit 🚀 Today, we're unveiling the Analysis Page for the very first time. Dive in & discover how this powerful tool can transform your financial insights & help you make smarter investment decisions. Let's decode your data together! 💡 #fundsaudit #startup #audit #finance #tech #analysis #audit #financemanager #moneymanagement #business ##uiux #design #marketing Fundsresearch

🚀 𝐓𝐡𝐞 𝐂𝐫𝐮𝐜𝐢𝐚𝐥 𝐑𝐨𝐥𝐞 𝐨𝐟 𝐑𝐮𝐧𝐰𝐚𝐲 𝐚𝐧𝐝 𝐂𝐚𝐬𝐡 𝐅𝐥𝐨𝐰 𝐂𝐨𝐧𝐭𝐫𝐨𝐥 📈 In the dynamic world of startups, where innovation meets uncertainty, mastering financial strategy is make-or-break. Discover the pillars of success: Runway and Cash Flow Control 🌐💰 👉 𝐓𝐡𝐞 𝐒𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐜𝐞 𝐨𝐟 𝐑𝐮𝐧𝐰𝐚𝐲: Defining Runway, facing the challenges, and why it matters. Strategic planning, investor confidence, operational flexibility, talent retention, and negotiating power. 👉 𝐂𝐚𝐬𝐡 𝐅𝐥𝐨𝐰 𝐂𝐨𝐧𝐭𝐫𝐨𝐥 𝐃𝐞𝐟𝐢𝐧𝐞𝐝: Managing the cash puzzle—irregular revenue, delayed payments, and unexpected expenses. Learn why it's crucial for day-to-day operations, debt management, investment in growth, emergency preparedness, and building financial resilience. 💡 In the intricate dance of startup entrepreneurship, extending the runway and mastering cash flow control are non-negotiable🕺 It's the strategic dance that positions startups not just for survival but for sustained growth and success 📊✨ At Encircle Business Solutions, we take pride in providing external CFO and corporate services. We help startups & SMEs develop accurate financial reporting and reliable systems for informed financial decisions 💡💼 Ready to elevate your financial game? 🚀 Contact us to learn more about our services 📩 #FinancialSuccess #StartupStrategy #RunwayManagement #CashFlowControl #Qatar