Provides AI-powered financial planning and analysis (FP&A) software that integrates with QuickBooks and Xero to automate cash flow forecasting, financial modeling, and scenario planning. This platform reduces the time spent on manual spreadsheets, enabling accounting firms and businesses to generate accurate financial projections and reports in minutes, improving decision-making and operational efficiency.
Funding
$5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many accounting firms and small to medium-sized businesses (SMBs) struggle with time-consuming manual processes for financial planning and analysis (FP&A), relying heavily on spreadsheets. This can lead to inaccurate cash flow forecasting, inefficient financial modeling, and difficulty in scenario planning, hindering effective decision-making and strategic growth.
Solution
Clockwork provides an AI-powered FP&A software platform that integrates with popular accounting solutions like QuickBooks and Xero to automate and streamline financial processes. The platform enables users to generate accurate financial projections, perform scenario planning, and gain real-time insights into their financial health in minutes, rather than days or weeks. By automating data consolidation and analysis, Clockwork empowers accounting firms to offer high-value advisory services and SMBs to make informed decisions, improve operational efficiency, and supercharge revenue. The solution offers features such as a financial dashboard, headcount planner, balance sheet forecasting, custom metrics, and reporting.
Target Audience
Clockwork targets accounting firms looking to scale their advisory services and small to medium-sized businesses (SMBs) seeking to improve their financial planning, cash flow forecasting, and decision-making processes.
Features
- Seamless integration with QuickBooks Online, QuickBooks Desktop, and Xero for automated data import
- AI-powered cash flow forecasting with a year-long view broken down by week
- Financial modeling capabilities for managing, planning, and predicting business changes
- Headcount planner for optimizing workforce and staffing needs
- Balance sheet forecasting for insights into future financial positions
- Custom metrics tracking and management for key performance indicators (KPIs)
- Scenario planning for evaluating different business scenarios and their potential impact
- Automated report generation for creating professional financial reports
- AI Insights feature (Mira) that analyzes transactional financial data to uncover hidden patterns and relationships