Launch Liquidity Planning

News: finway launches tool for automated liquidity planning

Eva Harmeling Content Creator
  • Eva Harmeling
  • 07.03.22
  • 4 min read

We proudly present: Our finway tool for liquidity planning is now available! Test the free standalone version or use the liquidity management integrated in the finway financial operating system to always keep an eye on cash flow and co.

Always know the status quo of your finances – with the finway liquidity planning tool

Via simple connection to up to 4.500 banks, you can (most likely) get started right away. Try out real-time insight into your income and expenses, set planning budgets, and more.

This is what the first version of the liquidity planning tool, currently available in beta, offers:

  • Cashflow planning: With the help of scenario-based cashflow planning, you can create different scenarios and sub-scenarios in no time, allowing you to run through different developments, e.g. a growth scenario, a conservative scenario, an acquisition and much more. Fill the scenario with your planning data, either manually (as you may still know from Excel), or via rules with which you schedule one-time and recurring transactions in the future. This way, you are prepared for all eventualities, can anticipate liquidity bottlenecks, seize exciting opportunities and develop suitable strategies at an early stage – thus always staying one step ahead of the competition.
  • You can still make manual additions in the liquidity planning tool. Your planned figures are always retained – this allows you to easily compare the different values and developments at any time
  • Transactions are displayed on a daily basis via the linked bank accounts. This way, you can map your cashflow automatically and, through the interaction with other metrics, always know the status of your liquidity. In addition, you can access a consolidated and a solitary overview of the cash balances of your linked bank accounts at any time. Say goodbye to several logins into different banking websites!
  • By categorizing your transactions, you can summarize and organize different cost items to draw meaningful conclusions and insights. Incoming and outgoing payments are automatically pre-categorized via the bank interface, but can also be ordered within a categorization you define individually, thanks to our self-learning algorithm. Accounts and cash balances as well as transactions are visible individually, but are also consolidated within graphs. For example, you can see the top 10 spending categories mapped graphically
  • Get a quick view of your finances in the dashboard. Graphs illustrate your data such as your income and expenses, your actual/forecast comparison, a statement of accounts as well as the cash balance on your accounts over time (individually as well as cumulatively)
Compare your forecast with different scenarios

Liquidity planning is particularly important for SMEs

Did you know that according to an economic survey conducted by the Association of German Chambers of Industry and Commerce (DIHK) in June 2021, about 43 percent of organizations see their liquidity situation as problematic? According to the survey, one in five companies experiences liquidity bottlenecks, especially during the recent pandemic. The smaller the company, the greater the financial difficulties.

Interestingly enough, according to a study by the Fachhochschule des Mittelstands (University of Applied Sciences for SMEs), only 36 percent of the SMEs surveyed use a professional liquidity planning tool. Unpredictable crises such as the pandemic have shown how important it is for companies to map their cashflow as up to date as possible and to be able to show the development of liquid funds via forecasts.

The relevance of good liquidity management is therefore unbroken – in this blogpost we have already explained why liquidity planning is especially important for SMEs.

With our tool (with the upcoming version v.2 you can look forward to even more functions) we want to give you the right tool to keep an eye on your income and expenses and to automate your cashflow planning as best as possible, far away from Excel. This way, you will always know exactly about the liquidity of your company, minimize errors in documentation and save valuable time.

According to a recent Innofact study commissioned by Agicap, 50 percent of the companies surveyed still use Excel as a statistical tool for liquidity planning. This means that 35 percent of those responsible spend more than ten hours per month on liquidity management, and for ten percent of the companies it is even up to 20 hours – this significant time and therefore also cost expense can be minimized by an automated tool for liquidity planning.

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Get access to the free liquidity management software now

Register here and get your login to finway’s liquidity planning tool.