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Yodlee ships cash flow app

31 March 2015  |  1963 views  |  0 Source: Yodlee

Yodlee (YDLE), the cloud-based platform driving innovation in digital financial services, today announced the launch of the Yodlee Business Cash Flow with Forecasting FinApp, which has been named Most Innovative Industry Partner for the 2015 Monarch Innovation Awards hosted by Barlow Research Associates.

Yodlee's new Business Cash Flow with Forecasting FinApp provides businesses from around the world a solution that delivers a complete picture of their cash flow today, and a forecast for the upcoming three months.

The forecasting function allows users to understand where they may have a funding short-fall, or excess cash on hand, and take appropriate action (e.g. apply for a loan, or move money to a timed deposit account).

The app has several features that provide business users a unique picture of their income and expenses including:

  • A Cash Flow Chart and Table that graphically and numerically shows current and forecasted cash flow
  • Cash Flow Forecasting Wizard, which allows users to review year-over-year data by income and expense categories, with the ability to edit forecasts based on business needs.
  • A Cash Flow Report, which shows actuals versus forecast by category which can be exported to a variety of file formats.

Yodlee's Business Cash Flow with Forecasting FinApp is being recognized for its ability to easily aggregate and analyze accounts from multiple institutions, providing businesses with a complete view of their cash flow including both income and expenses over time. The cash flow capabilities are powered by Yodlee's advanced data network and its thousands of business data points, which uniquely access, aggregate, and categorize transactions for easy consumption and analysis.

Each year The Monarch Innovation Awards look to find what's new and innovative in the financial industry.

"Yodlee continues to push the innovation envelope to help Internet Innovators and financial institutions provide state-of-the-art tools to their business customers enabling them to derive better insights and add greater value to business and cash flow performance," said Irene Waldman, General Manager of Business Services at Yodlee. "It is very exciting to earn top honors and be acknowledged for our advanced data network and Cash Flow FinApp we have worked so hard to build."

The Business Cash Flow with Forecasting FinApp is part of the Yodlee BusinessFinancialSolutions suite, which also includes the Yodlee PartnerHub. The PartnerHub provides a single sign-on environment within a bank's authenticated online banking session to deliver a roster of non-bank provider business services to their customers. This unique service allows banks to build valuable non-interest income while solving critical business pain points.

"Having a strong pulse on cash flow is incredibly critical to the success of business owners," added Nitin Gupta, VP, Business Banking & Global Strategic Initiatives at Yodlee. "Yodlee's Cash Flow with Forecasting gives business owners immediate insights into their financial health, allowing them to make more informed spending, investing and borrowing decisions." 

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