Wednesday, October 22, 2014
iConnect POS to Provide First Fully Integrated Cloud-Based Point-of-Sale App Within QuickBooks Online
Real-time integration and data flows between leading apps provide innovative payments features and save users time
Today, iConnect POS announces the integration of its mobile point-of-sale app for iPad into the Intuit App Center. With this integration, iConnect POS becomes the first cloud-based point-of-sale system to be fully integrated with QuickBooks Online. The announcement was made at Intuit's inaugural QuickBooks Connect Conference in San Jose, CA, where iConnect POS is a featured partner. iConnect POS is now available in Intuits Apps.com app store or via the Apps tab within Quickbooks Online.
Once subscribed to by Quickbooks Online customers, the seamless integration between iConnect POS and Quickbooks Online provides real-time data synchronization of all payment and accounting information, including every transaction, inventory management, customer data, invoices, purchase orders and account balances.
With this real-time integration, Quickbooks and iConnect have created a better management experience, said Subodh Gupta, founder and president of iConnect. By automating the link between the point of sale and Quickbooks advanced accounting software, retail owners and managers can save countless hours of work.
The iConnect POS suite of payments apps, already downloaded by more than 10,000 businesses worldwide, simplifies the demands of running a business by optimizing the use of payments applications for iPad, iPhone and Web. The simple, intuitive application can be customized to handle any payments demand, from the simplest to the most complex, making it the first mPOS app that matches the power and features of traditional POS. With its recent release of an enhanced iConnectPOS app, it also became the first mPOS application to offer personalized themes and multi-language support. New register and inventory features include product attributes and modifier capabilities.
The Intuit integration will also help support iConnects rapidly growing franchise expansion. The addition of iConnect POS to the QuickBooks Online Ecosystem is great news for multi-location businesses and franchises that are looking to expand, said Jennifer Pataki, director of marketing for Intuit Developer Group. By helping them simplify and consolidate payments, marketing, sales - and now accounting automation via their connection to QuickBooks Online all in one customizable cloud-based application, iConnect provides the tools needed to get many stores up and running quickly.
iConnectPOS provides merchants with consolidated POS services, including integrated merchant services and payments processing, inventory tracking, employee management, and Customer Relationship Management (CRM). Customers can also use iConnect POS to book and manage appointments, send reminders and confirmations, and manage membership and loyalty programs.
Quickbooks Online customers can now subscribe to a free 15-day trial of iConnect POS through Apps.com. With iConnects simplified interfaces and quick set-up, new businesses can get started in as quick as a single day.
Intuit Targets Uber Drivers, Contractors With New Service
Jack Clark for Bloomberg writes: Intuit Inc. (INTU) is looking to benefit from the swelling ranks of people working part-time for companies and startups like Uber Technologies Inc. by targeting them with software to help with their taxes and finances.
The company announced new products and upgrades today, including QuickBooks software for the self-employed, to lure people who may work for multiple companies like drivers for Uber that also rent out their rooms or apartments with Airbnb Inc.
“I take UberX all the time and my new favorite thing is to ask the drivers how they’re managing their finances,” Dan Wernikoff, general manager of Intuit’s small business group, said in an interview, referring to one of the mobile car-booking company’s services. “They have no sense of what the tax obligation on that is. Nor do they have a sense of how consistent that payment is going to be.”
People who work as contractors for small, growing companies in new markets, like Uber, Lyft Inc., another car-sharing service, and housework service TaskRabbit Inc., or rent out their home on Airbnb, have a “fragmented income from lots of different sources,” and need help managing it, Wernikoff said.
There were 2.89 million temporary or contract workers in the U.S. in July, up from 2.66 million in 2013 and 2.52 million in 2012, according to data from the U.S. Bureau of Labor Statistics. That number may be much higher as people who do part-time work alongside their main jobs aren’t included in the data, Wernikoff said.[snip]. The article continues @ Bloomberg, click here to continue reading...
Intuit overhauls QuickBooks Online and inks new deals with Box and PayPal
Ruth Reader for VentureBeat.com writes: Intuit is giving some much-needed love to it’s online QuickBooks platform with a series of new updates, including a new developer-friendly app store, cloud storage through Box, and integration with PayPal.
QuickBooks Online hasn’t received much attention over the years. Launched in 2000, it only had 100,000 paid subscribers in 2009, compared to QuickBooks’ four million desktop subscribers. However, Intuit says at the end of last year they acquired a higher number of users online than on desktop — marking a shift in consumers.
Now the company is rolling out all sorts of features to their online product.
“Where we really lagged was in developer experience,” Dan Wernikoff, head of Intuit’s Small Business Group, told VentureBeat. He said that while developers could always develop apps for QuickBooks Online, Intuit didn’t make it easy. [snip]. The article continues @ VentureBeat, click here to continue reading....
Zoho Bridges Gap Between Subscription Economy and Traditional Accounting
Zoho today announced the launch of Zoho Subscriptions, its online subscription management software for businesses that rely on recurring revenues. In an industry first for small and medium-size enterprises (SMEs), the new product bridges the gap between the subscription economy’s recurring revenue focus and traditional accounting requirements. Zoho Subscriptions lets users manage the entire subscriber lifecycle and run subscription-specific analytics while providing data-level integration with Zoho’s online accounting software, Zoho Books. Users can try a free Zoho Subscriptions test account at https://www.zoho.com/subscriptions/signup/.
While the subscription economy brings businesses the stability of recurring revenues, it introduces a new set of key performance indicators and performance metrics not found in traditional accounting applications. Meanwhile, subscription-based businesses still need to account for their financial activity, but those accounting functions simply are not addressed by subscription management solutions. As a result, these businesses have incomplete, delayed views of their business because strategic and tactical data is spread across multiple systems.
“You can’t guide a subscription-based business without a recurring revenue perspective,” said Raj Sabhlok, president, Zoho Corporation. “But you can’t ignore the demands of traditional accounting, either. We’ve been managing a subscription business at Zoho since 2005 and now handle more than 10 million users, so we know a thing or two about subscription management. Zoho Subscriptions leverages that experience, and it weaves subscription data into the Zoho Books accounting application. We’re integrated at the data level. And we’re the only company that can do that today.”
Zoho Subscriptions Highlights
Key Metrics on Business Performance – Zoho Subscriptions provides the forward-looking, revenue metrics users need to get the real picture of their subscription-based business performance. Monthly recurring revenue (MRR), average revenue per user (ARPU), life time value (LTV), churn rate, activation count and other key metrics are displayed on the Zoho Subscriptions dashboard.
Bridging the Gap Between Traditional Accounting and the Subscription Economy – As a result of its integration with Zoho Books, the new Zoho solution also delivers accurate information on cash flow, profit incurred and tax liabilities.
Simplified Customer Subscriptions – Zoho Subscriptions helps businesses lower the barriers for their customers to try their products or services by introducing multiple plans, add-ons, discounts and trials. Simple hosted pages with online payment options provide an excellent checkout experience for online subscribers. Zoho Subscriptions’ robust RESTful APIs are available for more complex needs.
Streamlined Subscription Management – Zoho Subscriptions manages multiple subscriptions, cancellations and renewals, and it even automates the dunning management for payment collection. It’s sophisticated enough to handle multiple currencies, one-time transactions and both offline and online payments.
Zoho Books has become the backbone of the back office, lying at the heart of Zoho finance solutions adopted by many SMEs. Complementary applications such as Zoho Invoice and now, Zoho Subscriptions leverage the Zoho Books database to provide a seamless experience that ensures data integrity, eliminates duplicate data entry and provides an integrated view of the business.
Pricing and Availability
Zoho Subscriptions is available immediately for businesses. For a limited time, Zoho Subscriptions is available at the launch price of $49 per month for unlimited transactions. Users who sign up during the limited-time offer will enjoy launch pricing for their first six months of service. The regular pricing plan for Zoho Subscriptions is $49 per month for 50 card transactions and $5 for every additional 50 card transactions. All Zoho Subscriptions users get unlimited access to Zoho Books, at no additional cost, to help them manage their finances on the cloud. Users can create a test account for free at https://www.zoho.com/subscriptions/signup/ and explore the features of Zoho Subscriptions.
For more information on Zoho Subscriptions, please visit http://www.zoho.com/subscriptions, and for more information on Zoho, visit http://www.zoho.com. To get breaking Zoho news, follow the company on Twitter at @zoho and on Facebook at http://www.facebook.com/zoho. The latest news about Zoho products is available on the company blog, http://blogs.zoho.com.
Pay Your QuickBooks 1099 Vendors Easily With Nexonia Timesheets
Nexonia announced extending its Timesheets automation with QuickBooks 1099 Vendors.
Nexonia Timesheets can now automatically create a bill, along with the associated timesheet in QuickBooks for 1099 vendors. Here's how it works: Nexonia pulls the costs that are setup in QuickBooks, takes the approved amount of hours from its Timesheets application and creates the 1099 Vendor bill in QuickBooks. This feature makes the whole payment process for 1099 vendors more accurate and fast.
"We added this functionality, like many others, at the request of one of our customers," says Neil Wainwright, CEO of Nexonia. "Before we used to create a timesheet in QuickBooks, and the customer would create the 1099 vendor bill themselves to pay the vendor for the time, but today we can automatically do both. We'll never stop evolving!"
About Nexonia:
Nexonia Inc. is a provider of leading web and mobile Expense Reports and Timesheets solutions. These simple-to-use and highly customizable applications are fully integrated with accounting and travel management systems. Nexonia solutions are designed to streamline the reporting and approval process, improve human resource management and enhance operational efficiency.
To receive more information, visit http://www.nexonia.com or call 800-291-4829.
NumberCruncher Launches Cloud-Based Reorder Point Alert System ReorderPoint.com at QuickBooks Connect
NumberCruncher is pleased to announce the release of its new cloud-based reorder point alert system called ReorderPoint.com.
One of the biggest pain points facing product-based businesses in retail, wholesale distribution and manufacturing is how best to forecast inventory needs. Having too much inventory drains cash flow, while having too little results in lost sales or production delays.
"Small business financial and e-commerce systems do not adequately address the problem," says Ian Benoliel, Founder and CEO of NumberCruncher. "Business owners and purchasing managers spend hours combining reports and running formulas using Excel. There has to be a better way and that's why we developed ReorderPoint.com."
ReorderPoint.com offers a systematic approach to purchasing, which, when applied consistently, will result in optimized inventory levels.
The theory behind the reorder point is that the optimal inventory level should be aligned with how much inventory will be used during the lead time. The purchase order date and quantity ordered should result in the replenishment of inventory just as the last of the on-hand quantity is used, with a margin for error called safety stock.
ReorderPoint.com lets the business owner and purchasing manager quickly determine when to order inventory and how much to order. QuickBooks users can leverage their historical data to make better purchasing decisions. By integrating with QuickBooks, ReorderPoint.com will read historical usage like invoices and sales receipts, as well as current inventory levels. QuickBooks users can access ReorderPoint.com from the Intuit App Center.
ReorderPoint.com then uses statistical methods to identify trends, seasonality and special orders. We call this process multiple 'model fit.' We use the models to forecast demand and the reorder point. We compare the reorder point to the inventory levels and determine the reorder status. An email is sent to alert our users that it's time to reorder. This process is automatic and runs continuously on a schedule defined by the user.
With ReorderPoint.com, business owners and purchasing managers no longer have to spend hours to get the information necessary to make informed purchasing decisions. Ordering late can be costly but our alert system will be a reminder that it's time to act.
We will be demonstrating ReorderPoint.com at the QuickBooks Connect Conference taking place October 22, 2014 at the San Jose Convention Center. The booth number is 335.
NumberCruncher plans to add integrations with other accounting, e-commerce, inventory and point of sales systems in the near future.
About NumberCruncher
NumberCruncher is a leading provider of inventory and order management software for the QuickBooks community. Founded in 1999, NumberCruncher was the first to develop an inventory add-on for QuickBooks. The NumberCruncher team draws from a wide range of manufacturing, supply-chain, statistics, technology and accounting expertise.
Thousands of product-based businesses rely on NumberCruncher solutions to manage their everyday business activities across the globe. From inventory control to production management to order processing and fulfillment, these solutions deliver big business functionality to small-to-medium sized businesses at an affordable price.
The First Entirely Cloud-Based Audit Software Continues to Revolutionize the Accounting Industry
AuditFile announces their upcoming integration with QuickBooks Online and Xero bookkeeping tools to save time on back office processes, providing higher value, higher impact services for CPAs.
AuditFile continues to transform the audit process by announcing its plans to integrate with industry leading bookkeeping tools, QuickBooks Online and Xero. As the first entirely cloud-based audit, review, and compilation solution for CPA firms, AuditFile will be the only software with the ability to connect with these tools on this level.
The unique integration will allow accountants to directly pull the trial balance or entire general ledger from their clients in a simple and user-friendly way when performing audits, reviews and compilations.
“We plan to be able to continually download updated versions of the general ledger so auditors can leverage their ability to perform interim work,” stated AuditFile Co-founder Gary Bong.
Created by CPAs for CPAs and a leader in cloud technology, AuditFile realizes the importance of streamlining the audit process and creating efficiencies that have never before been seen on this type of platform. Providing CPAs the ability to pull data from the client will automatically save time and improve accuracy, allowing less time to be spent gathering and organizing data and more time providing insight and value to clients.
“This is a feature that many CPAs have expressed a strong interest in and AuditFile is excited to meet this demand” said Co-founder, Kevin Bong. “Cloud-based tools like QuickBooks Online and Xero are opening the doors for incredible advances in efficiency. AuditFile integrating with these tools and expanding to others in the future will revolutionize the audit process.”
About AuditFile
A secure, cloud-based solution, AuditFile specializes in helping CPA firms perform dramatically more efficient engagements. Created for CPAs by CPAs, AuditFile solves real-world challenges faced every day with technology that meets the highest standards for security and accuracy. Based in San Francisco, California, AuditFile serves CPA firms across the country.
GoDaddy & Avalara Partner to Solve Sales Tax Challenges for Small Businesses and Online Stores, Helping Small Businesses with Sales Tax Management
GoDaddy Online Store provides a simple way for small businesses to get started selling online, and this partnership with Avalara will help Online Store users with quick, accurate sales tax calculations for every purchase. GoDaddy Online Store customers will further benefit from reporting and easy sales tax filing for small businesses.
Avalara, Inc., a leading provider of cloud-based software for compliance solutions related to sales tax and other transactional taxes, today announced a partnership with GoDaddy, the world’s largest technology provider dedicated to small businesses. Together, GoDaddy and Avalara will bring simple, affordable sales tax management solutions to small businesses selling online.
For online stores, calculating and collecting the correct sales tax on each shopping cart transaction is challenging because tax rates and taxability rules vary by state and within each state. Avalara’s service allows businesses of all sizes to stay current with constantly changing rates and rules across more than 12,000 tax jurisdictions in the US and instantaneously delivers the right rate during the checkout process.
GoDaddy Online Store provides a simple way for small businesses to get started selling online, and this partnership with Avalara will help Online Store users with quick, accurate sales tax calculations for every purchase. GoDaddy Online Store customers will further benefit from reporting and easy sales tax filing for small businesses. By eliminating the complexities of calculating taxes, tax filing, and tax reporting, small businesses and ecommerce entrepreneurs can focus on growing their ventures and servicing customers.
“Tracking and calculating taxes can be one of the more tedious aspects to deal with while running an online store,” said Sandeep Grover, head of product, Presence and Commerce at GoDaddy. “Our partnership with Avalara will allow GoDaddy Online Store customers to easily manage and remain up-to-date on increasingly complicated tax regulations, saving time and helping them focus on growing their business.”
“This partnership allows Avalara to provide its comprehensive solutions to GoDaddy Online Store customers in a fast, easy and cost effective way. In today’s electronic world it doesn’t make sense to manually manage sales tax,” said Marshal Kushniruk, EVP of Global Business Development at Avalara. “We’re pleased to join GoDaddy in delivering an industry-leading solution to small businesses and entrepreneurs.”
About GoDaddy
GoDaddy's mission is to radically shift the global economy toward small businesses by empowering people to easily start, confidently grow and successfully run their own ventures. With over 12 million customers worldwide and 58 million domain names under management, GoDaddy gives small business owners the tools to name their idea, build a beautiful online presence, attract customers and manage their business. To learn more about the company, visit http://www.GoDaddy.com.
About Avalara
Avalara helps businesses of all sizes achieve compliance with sales tax, excise tax, and other transactional tax requirements by delivering comprehensive, automated, cloud-based solutions that are fast, accurate, and easy to use. Avalara’s end-to-end suite of solutions are designed to effectively manage complicated and burdensome tax compliance obligations imposed by state, local, and other taxing authorities in the United States and internationally.
Avalara offers hundreds of pre-built connectors into leading accounting, ERP, ecommerce and other business applications. The company processes millions of tax transactions for customers and free users every day, files hundreds of thousands of transactional tax returns per year, and manages millions of exemption certificates and other compliance related documents. Founded in 2004 and privately-held, Avalara’s venture capital investors include Battery Ventures, Sageview Capital, Arthur Ventures, and other institutional and individual investors. Avalara employs more than 700 people at its headquarters on Bainbridge Island, WA and in offices across the U.S. and in London, England and Pune, India. More information at: http://www.avalara.com
MobiWork® Announces Seamless Integration with Intuit QuickBooks
MobiWork and Intuit Simplify Field Services Management and Accounting for Small and Medium-Sized Business.
Florida based MobiWork® today announced that its global smartphone and cloud based solutions are now seamlessly integrated with Intuit QuickBooks Online. The MobiWork® solutions are also available on the Intuit App Center to the millions of Small and Mid-Sized Businesses that are already using QuickBooks Online. In addition, MobiWork current user base can securely and easily incorporate their QuickBooks Online account without entering any duplicate data.
The integration between the two complementary solutions provides the best of both worlds and a totally seamless process. Users directly access their MobiWork solution from their QuickBooks solution or they can even sign in directly on their MobiWork solution with their QuickBooks credentials. Customer and invoicing information is automatically shared and updated between the two solutions providing a complete end-to-end solution. Field Services organizations can now use their MobiWork solution to manage their mobile workforce and have any critical information captured in the field automatically pushed to their QuickBooks account. Customers even have access to their entire work orders (including images, geo-locations and signature) as an attachment to their QuickBooks invoice.
“Our vision has always been to help small business thrive in an Internet and Mobile economy,” said Jennifer Pataki, Marketing Director of Intuit. “The MobiWork solutions are a perfect complement to our solutions and it is a clear demonstration of the value of our Intuit Partner ecosystem”.
Hervé Rivère, founder and CEO of MobiWork® stated: “Integrating our solutions with QuickBooks enables us to combine our respective strengths and to provide an end-to-end solution. It’s an extremely compelling offering and a clear win for any Field Services organization.”
Fundbox - One Of The Fastest Growing Apps In Intuit App Center - Surges 321% In Last 6 Months
Fundbox, the data-driven cash flow tool for small businesses, announced today that it will exhibit at the QuickBooks Connect Conference on October 21 – 23, 2014 in San Jose. Fundbox addresses one of the biggest pain points for small businesses, how to bridge the gap between issued invoices and working capital.
Fundbox is currently one of the fastest growing apps in the Intuit app center and has seen 321 percent growth since its public launch six months ago. Fundbox customers on average see a 40 percent increase in available capital and 92 percent of its customers return after their first use.
"The QuickBooks Connect Conference is the ideal venue for us to reach small businesses and share our innovative cash flow solution," said Jordan MacAvoy, vice president, marketing, Fundbox. "Before we introduced Fundbox, many small businesses had to rely on old economy and high friction solutions such as credit card debt and cash advances. We provide a quick, easy and cost effective tool that allows businesses to secure critical capital during tight cash flow periods."
"Access to working capital is one of the biggest pain points for small businesses," said Jennifer Pataki, marketing director, Intuit. "By having an open platform and app developers, like Fundbox, Intuit has been able to address this need for our small business customers."
Fundbox will be located at Booth # 308.
About Fundbox Fundbox leverages deep data analytics to accelerate cash flow and clear invoices for small business. The Fundbox risk engine taps into numerous data signals within its network to assess customers and invoices for risk automatically and instantly, allowing small businesses to choose which invoices to clear with a single click.
Acumatica Raises Over $13 Million in New Funding Round, Led By Bain Capital-Owned MYOB / looks to battle NetSuite
Acumatica, provider of cloud accounting software, today announced that the company has raised $13.3 million in a new funding round, led by investment from Australian accounting software powerhouse MYOB, an Acumatica strategic OEM partner.
This new funding, together with previous amounts raised in rounds led by Runa Capital and Almaz Capital, and Oslo-based Visma, another Acumatica OEM partner, brings total funding well in excess of $30 million.
“This investment validates the market acceptance of the Acumatica solution,” said CEO Jon Roskill. “The investment will allow us to implement aggressive growth plans in three areas: Broadening our product line; accelerating the expansion and enablement of our partner ecosystem; and upsizing our brand in a big way.”
“It’s an exciting time for businesses,” Roskill added. “Customers can now unlock their potential with Acumatica’s cost-effective, modern alternative to the NetSuite blackmail.”
MYOB, Australia’s leading business software provider, announced plans to invest in Acumatica and take a board seat with the fast-growing Cloud ERP provider at Acumatica’s Partner Summit in August this year.
MYOB CEO Tim Reed said: “We believe in the innovation of the Acumatica technology and are investing in our mutual success. Last year, we announced our multi-million-dollar deal to OEM Acumatica’s ERP solution platform. One year later, we are in final phase of piloting the Advanced product, and have customers live on MYOB Advanced, powered by Acumatica technology.”
Acumatica, which sells exclusively through its worldwide ecosystem of over 350 partners, announced its 1,000th customer and launched beta of its latest version 5.0 at its annual Partner Summit this August. Its customer base ranges from small and medium businesses to public companies such as Youngevity and Frost Bank, spanning industries from manufacturing to professional services.
About MYOB
Established in 1991, MYOB is Australasia’s largest business management solutions provider. It makes life easier for over 1.2 million businesses, and provides support via many service channels including a network of over 20,000 accounting firms, bookkeepers and other consultants. MYOB’s solutions simplify accounting, payroll, HR,
tax, practice management, CRM, websites, job costing, inventory and more, for businesses of all sizes. It is committed to ongoing innovation, particularly in cloud solutions, and now spends over AU$30 million annually on research and development. In 2013, MYOB expanded its offering with the acquisition of accounting solutions provider BankLink. Visit myob.com.
About Acumatica
Acumatica is a leading provider of cloud business management software that empowers small and mid-size businesses to unlock their potential and drive growth. Built on the world’s best cloud and mobile technology and a unique customer-centric licensing model, Acumatica delivers a suite of fully integrated business management applications such as Financials, Distribution, CRM and Project Accounting, powered by a robust and flexible platform. In an interconnected world, Acumatica enables customers to take full control of their business; to play to their strengths, since every business is unique; and to empower their people by going wherever their people go, on any device.
Cloud accounting startup Acumatica raises $13 million, looks to battle NetSuite
John Cook for Geekwire.com writes: San Mateo, Calif.-based NetSuite is apowerhouse in the business software arena, a 16-year-old company with more than 2,500 employees and a market value of nearly $7 billion.
But a six-year-old Seattle area startup is looking to takes some chunks out of NetSuite’s ERP armor, and it just landed $13.3 million from some big players to help make that mission a reality.
Kirkland-based Acumatica — led by former Microsoft corporate vice president Jon Roskill — today is announcing the new capital from Australia accounting software company MYOB, Runa Capital, Almaz Capital, and Oslo-based Visma, a long-time partner of Acumatica. Total funding in the maker of cloud accounting software now stands at about $30 million.
There’s certainly no love lost between Roskill and his much bigger rival NetSuite. In an interview with GeekWire, Roskill said that Larry Ellison-backed NetSuite plays “dirty,” adding in a press release that the Acumatica service offers a “modern alternative to the Netsuite blackmail.”
With the new funding in the bank, Roskill said that Acumatica will be able to invest in some key business areas while striving for profitability by the end of next year. (NetSuite also is losing money, posting a $23.2 million net loss during the second quarter. It reports financial results for the third quarter on Thursday). Roskill said that Acumatica will likely double its revenue again next year.
“At that point, we start to become — probably the best word to use — is dangerous,” Roskill tells GeekWire. “Right now, we are more than a distraction or annoying, but our goal is to really become dangerous to someone like a NetSuite.”
As it stands now, Roskill said they bump into NetSuite on about 20 percent of deals, with each company winning about half of those bids.
Gladstone Analytics Launches Web-based Business Intelligence Platform for Financial Advisors
Gladstone Analytics announces the launch of its business intelligence platform for financial advisors. It allows practitioners to understand and grow their practice using tools backed by 50 years of real-world expertise, comprehensive data, and cutting-edge technology.
Gladstone Analytics, the industry leader in comprehensive valuation and performance monitoring, announced the launch of its business intelligence platform for financial advisors. The suite of valuation models allows practitioners to accurately measure their success, plan for succession, and improve their bottom line.
The tools are backed by 50 years of real-world expertise, comprehensive data, and cutting-edge technology to allow financial advisors to measure, monitor, and maximize the value of their business.
Gladstone Analytics' President, Owen Dahl, co-founded the company after repeatedly experiencing the huge variability and uncertainty surrounding business valuations. "Financial advisors are wasting a lot of time and money creating valuations that are not accurate. It's so common to be down in the weeds and not realize the impact, for instance, of client acquisition and departure rates; or the intended and unintended consequences of deal structures. We've built intuitive, transparent, easy to use tools backed by well-founded data and proven algorithms to help advisors understand the implications business decisions have on book value and provide action-oriented steps to improve the bottom line."
The suite allows financial advisors to understand and grow their practice and business value using real-time data synchronization with the firm's CRM and financial systems. Some of the features include:
- Firm Benchmarking: Allow firms to benchmark themselves against a database of over 50,000 financial advisors in the US.
- Advisor eValuation Index™: Track key data across multiple dimensions to showcase the present value, five-year projected cash flows, and client count forecasts of each advisor.
- Firm eValuation Index™: Showcase the value of an entire practice including earnings contribution and key strengths and weaknesses driving the business.
- Revenue Forecaster: Monitor five-year projected revenue, expenses, and net income across a firm and its advisors.
- Due Diligence Reporting: Identify and report data gaps or red-flags firm-wide, at the advisor level, and down to the individual client level.
- Scenario Modeling: Run "what-if" scenarios across all aspects of the business.
Financial advisors can assess the full suite of tools, including free trials, at http://www.GladstoneAnalytics.com.
About Gladstone Analytics: Gladstone Analytics is the business intelligence platform for financial advisors who want to accurately value, benchmark, and optimally run their practice.
About Gladstone Associates: Gladstone Associates is a financial services investment bank dedicated to helping advisory firms with transition planning and business strategy.
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