Seven ways a Stand-Alone Forecasting Tool Works Best for Business Owners and Finance Professionals

 

In today’s fast-paced business world, the ability to quickly and accurately forecast financial performance is crucial. With smaller businesses spending up to 15 hours a week on accountancy tasks, using Business finance software such as Xero or QuickBooks is an excellent way to speed things up. The variety of integrated apps to assist with every day accounting is vast, and they all have their place and benefits.

But when it comes to forecasting, sometimes the best option is to use a stand-alone forecasting tool, like Clearview. Here, we explore seven scenarios where a stand-alone forecasting tool offers distinct advantages over integrated options.

 

1. Simplified Setup: No Software Integration Needed

 

One of the most significant benefits of a stand-alone forecasting tool is the absence of complex software integrations. Unlike apps which integrate with accounting platforms such as Xero or QuickBooks, requiring more involved setups and data syncing processes, Clearview operates independently. Integrating and maintaining new software takes time, and this can add spiralling costs to many businesses, often unnecessarily. Using stand-alone software means you can bypass the often frustrating and time-consuming task of ensuring compatibility and seamless operation between different software systems.

By eliminating the need for software integration, Clearview offers a streamlined solution that allows users to focus on what truly matters – analysing and forecasting financial data without the technical headaches.

 

2. Hassle-Free: No Installation or Downloading Required

 

In a world where convenience is key, the ability to access powerful tools without the hassle of installation or downloading is a significant advantage. Clearview is a cloud-based platform, meaning it’s ready to go whenever you are. There’s no need to worry about system compatibility, disk space, or installation errors.

This accessibility ensures that you and your team can use financial statement forecasting software from any location at any time. Whether you’re working from the office, at home, or on the go, your forecasts are always within reach.

 

3. Quick and Easy Setup: Up and Running in 5 Minutes

 

How many accounting software providers can boast a set up time of 5 minutes?! Time is a precious commodity, especially for busy entrepreneurs and finance managers. Clearview understands this, offering a setup process so simple that if you have the numbers to hand, you can be up and running in just five minutes! This is a stark contrast to integrated financial forecasting apps that can take a while to configure correctly.

With Clearview, you can quickly input your financial data and start generating forecasts immediately. This speed and ease of use allows you to focus more on strategic decision-making rather than getting bogged down in software setup.

 

4. Cost-Effective: No Need for additional cost

 

For small businesses or those looking to manage costs effectively, the additional cost of financial forecasting software can be a barrier So, for businesses looking for financial forecasting software, Clearview currently provides a free alternative without sacrificing the critical features needed for effective financial forecasting.

Instead of investing in costly financial forecasting and cashflow software packages, a standalone integrated three-way forecast tool like Clearview is a great choice for businesses. By producing integrated cash flows, profit and loss statements, and balance sheets from one set of data, Clearview enables you to generate accurate financial projections with just a few clicks. This approach ensures that all financial data is interconnected, providing a holistic view that is crucial for strategic planning, decision making and funding applications.

This makes it an excellent choice for businesses that need powerful forecasting capabilities without the hefty price tag.

 

5. Discretion and Flexibility: Useful for Sensitive Financial Scenarios

 

There are times when discretion is paramount in financial forecasting. Whether you’re calculating the viability of new ventures, planning potential restructures, or considering redundancies, having stand-alone financial forecasting software can provide the privacy and flexibility you need.

Clearview allows you to conduct sensitive financial analysis without the need for full integration with your main accounting software, so access can be limited to crucial members only. This separation ensures that your projections remain confidential, enabling you to make well-informed decisions before implementing any changes – perfect for finance professionals and business owners.

 

6. Always Accessible: Online Availability 24/7

 

The ability to access your financial forecasting tool online means you’re never far from critical data and insights. Clearview’s cloud-based platform ensures that you can log in from any pc or laptop, providing real-time access to your forecasts and financial models.

This constant availability is particularly beneficial in today’s world, where business decisions often need to be made with teams collaborating remotely.  With Clearview, you can ensure you’re always equipped with the latest financial data, no matter where you are.

 

7. Share your forecast without sharing your data

With Clearview you can share your forecast with others, without needing to set them up within your accounting software. Simply invite your accountant, your funder, even your Mum if you want, without the need to share access to your day to day accounting information.

This ensures that the integrity of your financial forecast is maintained whilst being able to collaborate with selected others and gain their input.

So, there you have it. Seven reasons to choose standalone forecasting software.

Embrace the future of financial forecasting with Clearview’s free standalone forecast software and streamline your business finances like never before.