If you're like most businesses, your processes and procedures developed overtime. It is a rare company that starts out with everything in place. If you've been around for a while, you probably even have some throwbacks to the bad old days before things were computerized.
Which means your internal systems and processes are probably a patchwork of software, spreadsheets documents and more. It's not ideal, but it works, and there's no time to overhaul everything. That is why we build LiveFlow. It’s an easy way to bridge the gap, and use spreadsheet like integration for finance automation, to close the books faster, and to manage multiple internal processes.
We’ve even got a Google Sheets add-on that lets you connect your QuickBooks Online and Google Sheets. So, the change is quicker, easier, and more streamlined. Here’s how some of our customers are using our Google Sheets Add-on to improve finance automation and eliminate manual month-end reporting.
Defining Runway and Future Spend for Startups
For an early-stage startup, analyzing and forecasting using financial data is critical to business survival.
The ability to quickly and easily import data from multiple platforms, and then manipulate it using various tools and scenarios, makes it easier to plan for the future. This is the true power of finance automation. Being able to see not only when you have been, but where you need to go and how to get there, is one of the most powerful tools you have. With LiveFlow Google Sheets Add-on, you can import your spend from QuickBooks and project your Runway in real time.
More about Runway and how to make it last longer: 4 Ways to Nail Your Startup Runway
Investor Updates with Most Recent Numbers
If you’re a startup, your investors wants to see numbers regularly. Preparing investor reports from various systems can be tricky and time consuming. But when you can use a bridge like LiveFlow to combine information from your accounting software, bank accounts and spreadsheets, it’s a lot easier. In fact, with LiveFlow, it’s never been easier to present your numbers in the right way.
Report Automaton for Accountants
When you're an accountant, you're not just worried about day-to-day revenue, expenses, profits, and losses of your clients. You’re also trying to keep up with reporting requirements, and often, that means manual month-end reporting. There are probably several people and organisations, which want to see numerous reports in various formats that are easy to understand.
Gathering and checking all the data and then creating those reports in the required format, can be very time-consuming. The LiveFlow Google Sheets Add-on Is designed to simplify and speed up that process. With the ability to pull information from your accounting software, you can create detailed reports and update them automatically in minutes. It might be the biggest timesaver you have. Check out more details here.
Month-End Reporting for CFOs and Finance Managers
The ability to pull and push information from QuickBooks to Google Sheets eliminates the need to rinse and organize raw data in dashboards twice.
The LiveFlow integration with Google Sheets not only speeds up the process 10 times, but it also reduces the likelihood of human errors. That means you close the books faster and get more accurate reports in real time. The time saved on manual tasks empowers you to help more small business thrive.
Data Consolidation for International Subsidiaries
It's hard enough tracking financial information for a single entity. When you add additional organisations and international subsidiaries it becomes even more complicated. Once you reach this kind of complexity, financial automation becomes a must.
Tools like LiveFlow’s Google Sheets add-on make it easier to consolidate data for all the entities in your organization, including international subsidiaries. The ability to pull information from various platforms means you can put everything on one sheet for easy reporting. Check out our Google Sheets template that helps you to simplify the consolidation process in a few clicks.
Built to Simplify
The technologies that have become available to financial management and accounting over the past few years is truly astounding. But very often, it's not the capabilities of individual tools that are in question. Most modern-day accounting and finance tools can do things that we never could have imagined a decade or two ago.
However, most of those tools are built for specific purposes. As they should be.
LiveFlow is designed to help you to take all the information from all those platforms that collect your data to combine and simplify it, and manipulate it as needed. It's the future of FP&A automation that you can experience already now.
So, if you're looking for finance automation tools, for a startup or an established business, why not give it a try? There's a free trial so you can see what it can do.