This company provides an AI-powered financial reporting tool that transforms fiscal accounting data into actionable financial statements and key performance indicators. The platform automatically normalizes accounting entries to deliver clean, real-time financial metrics comparable to those used by publicly traded companies. Businesses gain access to over 40 financial metrics and AI-driven insights to support strategic decision-making.
Funding
Funding not disclosed
Founders
Product
Problem
Traditional accounting data often lacks clarity and actionable insights due to the inclusion of fiscal strategies and personal expenses, hindering effective financial decision-making. This opacity makes it difficult for businesses to accurately assess profitability, cash flow, and dividend capacity.
Solution
Monthly provides a digital CFO service that transforms raw accounting data into clear, standardized financial reports, presented in a format comparable to publicly traded companies. The service cleanses accounting entries, removing fiscal strategies and personal expenses to reveal true financial performance. Users gain access to cloud-based financial statements featuring over 20 key metrics across profitability, solvency, liquidity, and efficiency, visualized through simple charts and tables. This enhanced financial visibility empowers stakeholders to make informed strategic decisions and understand their company's financial health.
Target Audience
The primary customers are small to medium-sized businesses and their financial decision-makers who require improved financial visibility and actionable insights from their accounting data.
Features
- Cloud-based financial reporting platform with a "live sheet" for real-time data updates and projections.
- Standardization of accounting data to remove fiscal strategies and personal expenses, ensuring clean financial reporting.
- Presentation of over 20 key financial metrics, including Debt-EBITDA, Current Ratio, NWC-to-Revenue, and ROIC.
- Visualizations of financial data through charts and tables for improved comprehension by non-financial stakeholders.
- Secure sharing of financial reports via a unique URL for directors and shareholders.
- Data processing and reorganization using AI tools, with an initial balance sheet submission from the client's ERP.
- Future API integration for direct data connectivity.
- Non-Disclosure Agreement (NDA) signed at the outset for data security.