Story Tag: accounting data api
Open Accounting Data What is it that matters to SMEs henrysmith81.tumblr.com
Henry Smith
2 years ago in Technology and Gadgets
Every company sets up its management accounting accounts in its manner. Businesses operating in the same industry with a similar audience and business models often use completely different terms and concepts to define their performance. Accounting data gives insight into how an organization views its internal processes.
The Rise of Open Banking: How Big Data Is Changing Fintech bit.ly
Henry Smith
2 years ago in Technology and Gadgets
Discover how open banking is changing the fintech industry, and how big data is powering this transformation to provide better services for consumers The rise of open banking is revolutionizing how people use and interact with their finances. With open banking, financial service providers can provide more bespoke services for their customers by analyzing data from many different sources.
ForwardAI Named Finalist in 2022 LendIt Fintech Industry Awards bit.ly
Henry Smith
2 years ago in Technology and Gadgets
Nomination demonstrates need to modernize Small and Medium-Sized Business (SMB) lending, highlights potential of digital technologies for lenders and borrowers. The LendIt Fintech Industry Awards honor the world's leading fintech influencers and innovators in 14 unique categories. Emerging Fintech Company is awarded to the most promising young fintech company in any vertical and highlights companies that have a real possibility of being a leader in…
Move Away From Time Consuming Traditional Client Intake & Join The Modern Era bit.ly
Henry Smith
2 years ago in Technology and Gadgets
Digital innovation is essential for meeting customer expectations. Financial institutions, lenders, and fintechs are constantly challenged by the requirements of their corporate clientele. What if it was easier to instantly exceed client expectations? ForwardAI makes it easy to collect business information directly from the source, so offering better services is simple.
ForwardAI – Integrates with Major Accounting Software Systems bit.ly
Henry Smith
2 years ago in Technology and Gadgets
Small businesses do not have the resources to track complex but critical financial data, which leads to a prolonged and laborious lending process. Additionally, cash flow timelines are also shorter and the need for cash is more urgent. That’s where ForwardAI comes in. ForwardAI is a simple, single, lender-first API that delivers a robust accounting and financial data suite for small business lending.
Right Online Accounting Software should work for you to increase your cash flow bit.ly
Henry Smith
2 years ago in Technology and Gadgets
The days of printing and mailing an invoice are gone. Today, most modern accounting software allows you to send invoices online so that you can track things like whether your customer has viewed the invoice. Online invoicing also helps you in getting paid on time because you can collect payments right from the invoice page. The most common payment options are PayPal or credit card…
Why FICO Scores Aren’t Enough For Small Business Lending bit.ly
Henry Smith
2 years ago in Technology and Gadgets
Consider that component list in a post-pandemic world. How many businesses suddenly needed working capital or fell behind on payments while waiting for government assistance, even though there was a solid business plan to pivot and a healthy projected income stream?
We built accounting systems from scratch : ForwardAI wants lenders to do away with PDFs and Excel bit.ly
Henry Smith
2 years ago in Technology and Gadgets
ForwardAI offers FIs easier and cleaner access to their customers’ data sitting in QuickBooks or Xero. They can get this data themselves, sure — when a customer applies for a loan, banks and non-bank lenders primarily use PDFs and Excel to build their credit models asynchronously from accounting data.
ForwardAI Debuts ‘ForwardAI Precise’ – A New Lender-first API, For Reduced-risk Small Business Lending bit.ly
Henry Smith
2 years ago in Technology and Gadgets
ForwardAI Precise automates cash flow lending by providing access to real-time, short-term and long-term cash flow forecasting, supported by numerous data attributes. Each SMB is given a financial health score derived from ForwardAI’s proprietary algorithm, which makes it easy for lenders to determine creditworthiness beyond the business owner’s personal credit score.
How Alternative Data Helps Both SMBS & Lenders financingconsultants.wordpress.com
Henry Smith
2 years ago in Technology and Gadgets
Fintech lenders have rushed to understand the worth in these data sets. With the assistance of a cutting edge investigation, they have figured out how to resolve the issue. Simulated intelligence has helped in dissecting these different data sets much more rapidly and precisely to make more grounded forecasts on a SMBs performance.
SMBs Lead An Effort For Faster And Safer Credit Underwriting bit.ly
Henry Smith
2 years ago in Technology and Gadgets
The open banking model zeroes in on the opportunities that third-party FinTechs might have by unlocking banking data of their clients. But as the concept proliferates throughout the financial services world, providers are examining new possibilities of consensual data sharing in other ways. With pandemic relief and economic recovery at the front of everyone’s minds today, small business lending is often at the center of…
Why There Is A Need Of Accounting Data Normalization apsense.com
Henry Smith
2 years ago in Technology and Gadgets
Normalization of accounting data is the cycle whereby unstructured accounting data from different accounting platforms like Xero, QuickBooks, Sage, etc. is fetched to remake financial insights and reports without any deficiency of the accounting data. Progressively, organizations have been utilizing cloud-based accounting data to deal with their funds. These cloud-based daisies save these informational data sets in various formats.
ForwardAI Releases Predict As A Service To Support Banks & Fintechs forwardai.com
Henry Smith
2 years ago in Software Development
Harnessing the deep data insights previously locked away in accounting data, this technology makes it simple for banks and other financial institutions to seamlessly upgrade their small business offerings. SMB clients of an institution will find a premium product that will add significant value to their banking experience by creating actionable cash flow scenarios based on real-time information, provide opportunit
Need Of Financial Data & Technologies For SMB Lenders financingconsultants.wordpress.com
Henry Smith
2 years ago in Technology and Gadgets
COVID-19 has been a threat to all major sectors, but it has majorly affected small and medium businesses, with lenders trying to help small businesses survive during this difficult phase by adopting emerging fintech technologies and innovations. Here, we see how banks can adjust their business model with financial technologies and innovations, to overcome a difficulty nobody anticipated.
How APIs Can Transform Lending forwardai.com
Henry Smith
2 years ago in Technology and Gadgets
The financial world is being transformed very fast. Innovators are disrupting the status quo and challenging how incumbents are doing business. Anybody would have obviously realised that. Even if you do not spend as much time keeping an eye on what is going on.
Intelligent Transaction Mapping Technology That Validates the Integrity of Accounting Data for Banks, Fintechs and Lenders forwardai.com
Henry Smith
2 years ago in Technology and Gadgets
Today, banks, Fintech's and lenders leveraging ForwardAI’s Precise API for credit decisions as its technology provides a real-time evaluation of the financial health of their small business customers. While accounting data provides a more robust understanding of a company’s overall financial health, it is more susceptible to potential fraud and distortion because it is self-reported.