LivePlan, a
cloud-based business planning and small business management tool created
by Palo Alto Software, launched an update today that includes a design
revamp aimed to help small businesses better track and manage their
financials.
The updates primarily impact the tool's Scoreboard feature, which is a
dashboard that gives business owners a better way to monitor their
business and understand quickly where they are on track, and where they
need to improve. The Scoreboard's update includes additional KPI
tracking options and better graphs and charts that make finding and
visualizing your key numbers easier.
"It is proven that business owners who plan and track their
financials regularly grow thirty percent faster," said Sabrina Parsons,
CEO of Palo Alto Software. "But, sometimes it can be difficult to
understand key insights into your business when you're searching through
endless spreadsheets exported from your accounting system. The
Scoreboard connects to your accounting system and automatically
highlights the most important information you need in the form of a
simple, instant, visual presentation."
Integrated with QuickBooks (both Desktop and Online) and Xero,
LivePlan's Scoreboard feature instantly and automatically makes sense of
your accounting data and tracks key metrics like revenue, expenses, net
profit and cash on hand. With this new update, the Scoreboard now
tracks eighteen key numbers that are critical to understanding your
business' health and digs deeper into each KPI, breaking them down on a
much more granular level.
"While it is important to track crucial data points like revenue and
expenses, digging deeper into your business' financial health can make
or break your future," said Parsons. "Tracking key financial data points
is the best way to ensure that your business is on track and stays cash
healthy. The LivePlan Scoreboard monitors all important metrics and
allows you to spot problem areas before they become big cash problems."
The update also allows users to customize the type of charts they
prefer to view and which period of time from which they would like to
see data.
The update is now available for all LivePlan users. The tool
currently has over 250,000 users worldwide, comprised of both
early-stage startups and well-established businesses. Additionally,
accountants are increasingly turning to LivePlan as a way to advise
small business clients and help guide them to healthy financial growth,
while maintaining a good cash cushion.
For more information, please visit http://www.liveplan.com.
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