Integrate with all leading accounting platforms with the Precise API: ForwardAI

ForwardAI was founded by three serial entrepreneurs with decades of experience working with accounting data and small businesses from startup to sales. Before ForwardAI, the founders built from scratch a popular online accounting software used by over 40,000 small businesses worldwide and founded and sold one of Canada’s largest accounting IT companies. During the pandemic, it became very clear how complicated the small business loan application process was. For some SMBs, it took many months to secure financing. These delays were confusing – and with the founder’s knowledge of accounting data, it seemed strange that lenders weren’t using technology to connect directly to the information they needed.

Determined to make a difference, ForwardAI was created to bridge the technology gap for financial institutions, lenders, and other fintechs.

Access, monitor, and manage business accounting data

ForwardAI is officially Service Organizational Control (SOC) 2 type II compliant for its partners’ peace of mind, but its security-first principles go beyond compliance standards. From rigorous employee training to strict protocols, ForwardAI is constantly testing and improving its security measures to achieve best-in-class security, so you can work confidently with us. The Precise API offers essential insights into the financial health of business clients, including historical, real-time, and forecasted performance. The Precise API supports all leading accounting platforms with real-time push and pull functionality and is ideal for financial institutions, lenders, and fintechs that work with small and medium-sized businesses.

A powerful add-on for the Precise API, Predict as a Service supports your business clients with a premium, white-label cash flow forecasting and scenario planning portal. Keep eyes on your products with a cash flow solution that will give your clients a reason to keep business data connected and engage with your brand for their financial needs. Enterprise solutions shouldn’t mean long and complicated implementation cycles – that’s why ForwardAI make it easy to integrate and deploy its API seamlessly into your workflows. Access our full-suite solutions tailored for enterprise needs to bring better insights and experience to life. Looking to expand? ForwardAI offers real-time access to market-leading small business software, including QuickBooks Online, Oracle Netsuite, Zoho Books, Sage Intacct, and many more. All financial data is normalized and offered in a streamlined API format with push and pull functionality and robust insights.

Forecast cash flow and predict upcoming cash flow gaps proactively

Forwardly connects with existing accounting software programs (like QuickBooks Online and Xero) and turns classic accounting statements into intuitive dashboards that give you quick financial insights. The cash flow module provides detailed cash flow forecasts and scenario planning tools, which can help a business figure out the affordability it needs to grow and thrive. Forwardly enables access to funds instantly, giving clients in the United States more control over critical cash flow as payments are deposited in seconds, 24/7. Accountants in the United States can use Forwardly to help their clients get paid three days faster than traditional payment methods and proactively identify cash flow gaps. Forget about manual tasks and spreadsheets; avoid labor-intensive manual reconciliation and forecasting and start spending more time directly supporting your clients.

With a quick one-way sync to existing accounting software, small business owners can do more with their financial data without worrying about compromising their books. Want to play around with your vendors or see what your financial situation would be like without a key client? ForwardAI’s scenario tools allow you to create custom forecasts, including planning out loan terms, comparing wage increases, or figuring out if you can afford to buy a piece of new equipment. Cash flow forecasting estimates a company’s future financial health and positioning by anticipating payments and receivables. Traditionally, this was done by accountants using complicated spreadsheets– some spreadsheets would take over an entire workday to fill in! With direct access to accounting software, ForwardAI automates the process by generating 12-month rolling cash flow forecasts with only the single click of a “sync” button.

Without cash flow forecasting, a business may not know when cash is expected to come in or leave, and how much capital they have left to work with in the meantime. Cash flow forecasting helps small and medium-sized businesses plan for cash flow gaps and sustain business operations, even during sudden financial setbacks. Small and medium-sized businesses need to understand when cash is expected to come in, what expenses are required, and how much money is available at any given time. Leveraging cash flow forecasting apps like Forwardly can help businesses deal with cash flow problems by ensuring there’s enough cash to sustain operations and stay afloat in the future. Forwardly securely connects with leading accounting apps, including QuickBooks Online and Xero.

Set up and compare cash flow projections based on different financial scenarios, including planning loans, purchases, asset sales, or hiring or releasing employees. Assessing which plan of action suits your business needs is simplified when utilizing tools designed to predict future gains and losses.

Nick Chandi, CEO & Co-founder

“We understand business data and what you need from it.”