accounting & finance automation solutions for small business

MACHINE LEARNING ACCOUNTING AND FINANCE SOLUTIONS

In the last 2 years, the landscape of accounting and finance has evolved dramatically. Traditional methods of managing finances—reliant on manual input and time-consuming processes—are giving way to AI & ML enabled software solutions that revolutionize how businesses operate. These cutting-edge tools are no longer just for large corporations. Small and medium-sized businesses can now benefit from ML & AI technology, reducing busy work, enhancing accuracy, and streamlining financial operations without the overhead of hiring full-time employees.

At Small Business CFOs, we harness the power of ML to offer tailored accounting and finance solutions that meet your Finance and Accounting needs.

CFOs are trusted experts in producing GAAP-compliant financial statements, but forecasting GAAP financials remains a significant challenge for many. Traditional approaches rarely, if ever, generate GAAP forecast financials, leaving businesses to rely on partial results rather than comprehensive projections.

Small Business CFOs innovative forecasting solution, botPlanner, takes forecasting to a new level. Unlike most models, botPlanner forecasts outcomes for every account in your General Ledger using Machine Learning to simulate multiple future accounting treatments across multiple scenarios. This powerful tool doesn’t just create projections—it generates a full set of forward-looking GAAP P&L, Balance Sheet and Cash Flow financials in real time.

Our advanced cash forecasting converts accrual to cash and presents results on an automated Direct Method Cash Flow statemen that includes sources and uses of funds. With bot-Planner, you can see a clear, precise picture of your financial future, empowering you to make informed decisions with confidence.

With our expertise and ML-driven solutions, you can focus on analytics and strategy development while we take care of the financial complexities. Whether you're looking to optimize your current systems or need a full-scale financial solution, we’re here to deliver measurable results and peace of mind.

Technology-Driven Approach

Many Planning & Reporting solutions have complex implementations, steep learning curves, and unnecessary features. For decades, we've used software to eliminate the busy work inherent in Accounting and Finance planning and reporting.

Our frustration with existing solutions has motivated us to build fast, easy and comprehensive solutions.

Our team of finance & accounting experts bring together deep financial knowledge and a strong background in technology. We've seen firsthand how manual processes can slow down business operations, which is why we've developed advanced Planning and Reporting solutions designed to streamline and automate the most time-consuming tasks.

We spare you from having to spend countless hours on repetitive, manual work just to prepare financial statements and forecasts. Our solutions utilize cutting-edge technology to handle these tasks efficiently, delivering accurate and timely results. By automating the building Custom Financial Statements, budgets and forecasts, we free up your time, allowing you to focus on making strategic business decisions with confidence.

botPlanner For Controllers & CFOs

botPlanner’s automated Financial Statement Budgeting and Forecasting eliminates over 90% of the effort involved in setting up, maintaining, and operating repetitive, error-prone processes typically focused only on the Profit & Loss.

botPlanner leverages machine learning to calculate offsetting debits and credits, predict future outcomes for every account in any GL, and extend planning beyond the limitations of P&L-centric approaches. It doesn’t just project future results—it generates forward-looking P&L, Balance Sheet, and Cash Flow financials in real time from a single Summary Trial Balance report, compatible with any GL or ERP system

Most small businesses rely on internally developed Excel models for planning, which are P&L-centric and fail to create balanced books, a proper Balance Sheet, or a Statement of Cash Flow. Updating rolling forecasts in this setup is so complex it often takes weeks or months. FP&A apps follow the same P&L-centric approach, tied to custom reports from accounting systems. They don’t generate full Balance Sheet or Cash Flow projections and are slow to reflect GL changes.

Forecasting Beyond the Ordinary

Standardization using Machine Learning

While CFOs are trusted experts in producing GAAP-compliant financial statements, forecasting GAAP financials remains a significant challenge for many. Traditional approaches rarely, if ever, generate GAAP forecast financials, leaving businesses to rely on rough estimates rather than accurate projections.

Our advanced cash forecasting uses the Direct Method Cash Flow approach, detailing the sources and uses of funds. With bot-Planner, you can see a clear, precise picture of your financial future, empowering you to make informed decisions with confidence.

botPlanner Budgets Forecasts & Financials

botPlanner Forecasts Sales to Deferred and Revenue Recognition

Every COA for every Company is Unique
The specific Accounts in the COA that businesses use to record offsetting debits and credits are unique to each business’ COA
botPlanner uses Machine Learning to understand the purpose of every account in every GL to apply standard accounting principles consistently across all companies and predict debits and credits for every company GL
botPlanner Automates P&L, BS & CF forecasting for every company GL