ForwardAI and C2FO Partner to Provide Powerful Accounting Data and Cash Flow Forecasting Technology to Small Business Clients
Leveraging ForwardAI’s technology, C2FO customers now have access to cash flow forecasting and interactive financial modeling
Originally published on Accesswire.
NEW YORK, NY / ACCESSWIRE / June 23, 2022 / ForwardAI, a fintech providing aggregated access to accounting and business data and analysis, today announced its partnership with C2FO, the largest global platform for working capital. Through the collaboration, C2FO’s small business customers will gain access to ForwardAI’s premium cash flow forecasting and planning portal, Predict as a Service™.
ForwardAI’s API technology is designed to help fintechs, lenders, and banks integrate small business cash flow forecasts with existing online portals and assist business clients in staying up to date on upcoming, due, or past-due customer payments. This partnership enables C2FO to integrate cash flow forecasts within its existing online platform, creating a single application for clients to streamline their day-to-day cash flow management and operations.
“Our partnership with ForwardAI bolsters the features that the C2FO platform offers to our customers with a new cash flow forecasting module,” said Ragui Selwanes, chief product and technology officer for C2FO. “The ability to make educated predictions about the future state of cash flow will be priceless for our customers daily, but in particular as they continue to navigate the many challenges all businesses are currently facing due to supply chain woes and inflation.”
“We’re thrilled to announce our partnership with C2FO, the world’s largest platform for working capital,” said Nick Chandi, CEO and co-founder of ForwardAI. “Cash flow forecasting remains difficult for many business owners and historically meant spending hours diving into complicated spreadsheets. Direct accounting data-based cash flow forecasting allows for deep business insights and will help C2FO’s customers manage their working capital even more efficiently.”
By providing daily, weekly, and monthly cash flow forecasts, a ForwardAI-enabled online platform allows business owners to try new business pivot scenarios and visualize the impact on their cash flow, including adding or releasing employees, planning loans, selling/buying equipment, temporarily adding or changing transactions, reviewing outstanding bills and invoices, and many other factors that impact a business’s bottom line. With more than 82% of failed businesses citing cash flow problems as a factor, ForwardAI’s technology can help predict and prevent cash flow problems before they happen.
ForwardAI – which has a large leadership presence in Vancouver, Canada – was recently selected as a finalist for the Excellence in Technology Innovation category in the BC Tech Association’s Technology Impact Awards.
ForwardAI has also completed the System and Organization Controls (SOC) 2 Type 1 certification, which was developed by the American Institute of Certified Public Accountants (AICPA). Becoming SOC 2-certified is a rigorous, self-imposed process that underscores ForwardAI’s commitment to upholding strict IT security protocols that protect its systems and customer data from unauthorized access, and minimize incident impacts when needed.SOC 2 is the gold standard in the financial services industry and – given its voluntary nature – a key differentiator for fintechs that collaborate with financial institutions.
About ForwardAI
ForwardAI is improving access to aggregated accounting, financial, and business data for banks, lenders, and fintechs. With leading small business software integrations available, the intelligent PreciseMatch™ tech, deep client analysis, unparalleled forward-looking data insights, and a complete suite of calculated KPIs and ratios, ForwardAI customers can turn client intake and assessment into only three quick steps. Solutions available include an API, a partner portal, and a client-facing cash flow management and planning tool. To get started or learn more, visit ForwardAI.com
About C2FO
C2FO is the world’s largest platform for working capital. We serve over 1 million businesses representing $10.5 trillion in annual sales across more than 160 countries. Our online platform connects more than $110 billion of daily accounts payable and accounts receivable. Whether you need working capital or have excess working capital, Name Your Rate®, and the C2FO platform will match your request in seconds. You can accelerate AP or AR on demand, providing you, your customers and your suppliers greater control over cash flow. You can also utilize AR financing and other data-driven funding options.
C2FO is working capital, working for everyone. Our mission is to deliver a future where every company in the world has the capital needed to thrive. To learn more, visit C2FO.com.
Originally published on Accesswire.
