There are dozens of cash flow forecasting and reporting tools available that offer easy and automated set-up, however, business owners and financial professionals working in multi-million dollar businesses are dealing with complex problems that require manual control to build accurate models.
Often, the only alternative they have is to dive back into a spreadsheet and deal once again with hours wasted, broken equations, and complicated conversations.
That’s bad news for business owners that need fast and accurate cash flow revenue forecasts, let alone modeling scenarios to deal with any number of challenges such as growth planning, expense reduction, maximizing profit etc.
If you use nearly any of the cloud-based forecasting tools on the market to model the future of your finances, you’re likely to run into issues that simply can’t be modeled in the platform, forcing you back into a spreadsheet.
While spreadsheets offer nearly complete control, they are incredibly laborious to build, time-consuming to maintain, inefficient to use with up-to-date accounting data and difficult to explain to stakeholders..
Existing cloud-based tools on the market tend to fall into two buckets: ‘fully automated’ and cloud-tools.
The first bucket, ‘fully automated’ systems, import accounting data, build ‘ballpark’ predictions and provide a graph of the mode. However, the customization and modeling controls are so limited that the forecasts are rendered inaccurate and useless for sophisticated businesses.
The second bucket, on the other hand, includes cloud-tools that sync with accounting data while providing spreadsheet-like control. The drawback is that they are nearly as inefficient and complicated as using a spreadsheet natively.
Dryrun, on the other hand, is like a brand new bucket. Not only does it offer simple, automated forecasts and integration with your accounting software, but it also offers the following benefits:
Easy and extensive manual control
Users can manually enter or modify various cash flow components such as receivables, payables, sales, and expenses. This includes manual control of imported items or forecasted ones.
For instance, if you expect a delay in a customer payment, you can manually adjust the invoice to reflect this change in your cash flow forecast.
Integration with your sales CRM
Dryrun integrates with popular accounting software like QuickBooks and Xero, as well as sales CRM Pipedrive. This allows users to import actual financial and sales data and then manually adjust it within the Dryrun platform.
These integrations ensure that your cash flow forecast begins with up-to-date, accurate financial and sales data. It's based on your real financial history and current standing sales deals.
Unlimited scenario modeling
Dryrun allows users to create multiple scenarios for their financial forecasts. This means you can model different business situations or strategies to see how they impact your cash flow.
For example, you can create scenarios for best-case, worst-case, and expected-case scenarios. Then, you can manually adjust variables like sales projections, expenses, and payment timelines to see how each scenario plays out.
Multi-location and multi-currency
Dryrun allows businesses to create separate scenarios for different locations. This means you can model the financials for each location individually, taking into account location-specific variables, including different currencies.
This segmentation helps in providing a clearer view of the financial performance of each location, as well as being useful for identifying trends, strengths, and areas that may require attention.
The consolidation feature in Dryrun enables you to aggregate financial data from different entities, which in turn allows you to get a holistic view of the overall financial health of your business.
The consolidated view allows for a high-level assessment of the overall financial health of the business, providing valuable insights for strategic decision-making.
Why Do So Few Platforms Offer Automation with Manual Control?
Simply put, it’s hard to offer both automation and manual control in an intuitive way.
It requires a different way of thinking. That mindset comes from neither an accounting approach that is based on tax and compliance needs (as valuable as those services are), nor does it come from an engineering perspective that bases control on the long-serving spreadsheet model.
Delivering a system that blends automation with manual control required the Dryrun team to approach the problem from the perspective of a business owner that deals with the messiness of complications of business every day. They need a system that thinks like they do. Cash is king. Today’s revenue is tomorrow’s cash. Careful planning and execution leads to solid profit.
So at Dryrun, we built a collaborative tool that equips business owners, management, their finance team and advisors with a crystal clear, highly efficient and ulta-customizable forecasting tool.
Forecast Your Cash Flow, Revenue and Profit in the Ultimate Scenario-Modelling Tool to gain confidence, clarity and insight into your business.
Dryrun ties automation with unmatched flexibility delivering clear, powerful and accurate forecasts in a fraction of the time spent in spreadsheets.
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