Fintellect provides a financial management platform specifically designed for project-based service firms, enabling real-time tracking of project costs, profitability, and team utilization rates. The platform addresses the lack of visibility into internal rates and project profitability, allowing agencies to identify unprofitable projects and optimize their financial performance.
Funding
$250K 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
Project-based service firms often lack real-time visibility into project costs, profitability, and team utilization, leading to difficulty in identifying unprofitable projects and optimizing financial performance. Many firms struggle with manual financial processes and outdated spreadsheets, hindering their ability to accurately track internal rates and project expenses.
Solution
Fintellect is a financial management platform designed specifically for project-based service firms, providing a streamlined solution for managing finances. The platform enables real-time tracking of project profitability by considering all costs involved, including team rates, billable hours, and hourly utilization. It offers features for creating price quotes for various project types, including fixed-price, time & materials, and retainer projects. Fintellect also integrates with popular timesheet and project management software, as well as EU banks, to automate transaction sorting and provide a comprehensive view of expenses and income.
Target Audience
Fintellect is designed for small to medium-sized professional service firms, including design studios, IT outsourcing companies, and consulting firms, typically with 5+ team members, who are seeking to improve profitability and streamline financial management.
Features
- Real-time project profitability tracking, considering all costs
- Team rates management, including break-even and commercial rates
- Price quote creation for fixed-price, T&M, and retainer projects
- Integration with popular timesheet and project management software
- Live bank connection with most EU banks for seamless integration
- Automated keyword-sorting for business transactions
- Payment calendar for planned balance and payments
- Invoicing with automated payment tracking