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This is why Controllers trust riskrate
Controllers, who use riskrate reduce 90% of time wasted on manual work.
Run actual vs budget on the fly
10 x faster
Get on the same page with your CEO to save your time.
Predict who pays late
in real-time
Keep your sales team informed on late payments to keep risks in check.
Savings on daily cash flow
90%
Run daily cash forecasts without a second of manual work.
Start with data
and make it truly yours
Connect in minutes with riskrate's report engine. No engineering degree is required.
Get the data
in minutes
Connect to multiple banks and finance tools in any currency.
Run scenarios
with a few clicks
Use a template gallery or an easy report engine to save your time.
Connect with
company payment risk ratings
Get reports and notifications about late payments to react on time.
The controller reduces 90% of the time wasted in daily cash forecasting.
Less back and forth, better cash flow in less than 30 days.
Use case
Anna, Controller
Construction industry, business in Europe and the US.
Anna is a controller in a multinational company in the construction industry business in Europe and the US. Due to their invoicing model, they can invoice customers after the order has been rendered, and their customers late payments, her company strictly follows the group's cash forecast.
Slicing and dicing swallows time
Local controllers prepare their 90-day forecast manually by collecting data from Finance ERPs and banks and order books on a spreadsheet. Spreadsheets were sent to Anna, who consolidated the Group cash forecast manually.
How to get better cash flow
The process took one day for local controllers and one day for Anna. In addition, due to the customer's sporadic late payments, human errors, and a one-week reporting lag, the company had to keep extra cash buffers in a bank account. The company was targeting strong growth, and the group's loan repayment program has strict covenants, so Anna was looking for an effortless cash forecast to get control, and save time and money.
Solution
Reduce 90% of the time.
Get better cash flow.
riskrate's daily 90-day cash forecast and notifications
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Datasource: Microsoft Dynamics and banks
riskrate was connected to Microsoft Dynamics, data warehouse, and banks without an integration project. Anna instantly gets a daily cash forecast.
Supereasy cash forecast for today's controllers
riskrate's daily cash forecast and bank reports are updated automatically in real-time. riskrate's daily cash forecast tells how much money the company will have in the bank account over the selected period. Anna automatically knows how much money they really have in the bank account, as riskrate automatically understands individual customer late payments using machine learning and a massive database.
As a result, Anna now has the best control of daily liquidity, which means a smaller cash buffer in a bank account. On a group level, they saved several working days per week and reacted on time, and smart people in Finance are now empowered to focus on what matters. CFO is happy with a quick ROI with no integration project.
ROI that makes CFO smile
Tips
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bring company payment risk ratings to CRM
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keep late payments in control with notifications
-
speed up DSO with customer payment time reports
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getting started?
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