Transform a chore taking your clients hours into something beautifully simple taking minutes. Build a cash balance forecast based on categorised payables and receivables.
Clever use of machine learning highlights likely upcoming payments adding to the data the bank already has plus corporate data. The forecast becomes an important insight, making the bank a more used and more trusted resource.
Detect patterns in previous movements to predict upcoming items
Let the system highlight repeated payments or receipts
Visualise the amounts, dates and see the periodicity, average, highest and lowest amounts
What is needed to enable a good BaaS solution?
Or refine the forecast by adjusting the automatic predictions based on the treasurer’s superior knowledge
At-a-glance view of near future cash
Graphical view of past, current and future
Shows daily incomings, outgoings as well as resultant balance
Summary highlighting movement totals and opening and closing position during the period
Shortfalls and surpluses are handled clearly and simply
All the Detail at your Fingertips
Scrolldown tabular view to provide full information
Incomings and outgoings listed by date
Outgoings categorised as desired by the corporate, for example investments, loan repayments, purchases, salaries, tax