ForwardAI and C2FO Partner to Provide Powerful Accounting Data and Cash Flow Forecasting Technology to Small Business Clients

Leveraging ForwardAI's technology, C2FO customers now have access to cash flow forecasting and interactive financial modeling

NEW YORK, NY / ACCESSWIRE / June 23, 2022 / ForwardAI, a fintech providing aggregated access to accounting and business data and analysis, today announced its partnership with C2FO, the largest global platform for working capital. Through the collaboration, C2FO's small business customers will gain access to ForwardAI's premium cash flow forecasting and planning portal, Predict as a Service™.

ForwardAI's API technology is designed to help fintechs, lenders, and banks integrate small business cash flow forecasts with existing online portals and assist business clients in staying up to date on upcoming, due, or past-due customer payments. This partnership enables C2FO to integrate cash flow forecasts within its existing online platform, creating a single application for clients to streamline their day-to-day cash flow management and operations.

"Our partnership with ForwardAI bolsters the features that the C2FO platform offers to our customers with a new cash flow forecasting module," said Ragui Selwanes, chief product and technology officer for C2FO. "The ability to make educated predictions about the future state of cash flow will be priceless for our customers daily, but in particular as they continue to navigate the many challenges all businesses are currently facing due to supply chain woes and inflation."

"We're thrilled to announce our partnership with C2FO, the world's largest platform for working capital," said Nick Chandi, CEO and co-founder of ForwardAI. "Cash flow forecasting remains difficult for many business owners and historically meant spending hours diving into complicated spreadsheets. Direct accounting data-based cash flow forecasting allows for deep business insights and will help C2FO's customers manage their working capital even more efficiently."

By providing daily, weekly, and monthly cash flow forecasts, a ForwardAI-enabled online platform allows business owners to try new business pivot scenarios and visualize the impact on their cash flow, including adding or releasing employees, planning loans, selling/buying equipment, temporarily adding or changing transactions, reviewing outstanding bills and invoices, and many other factors that impact a business's bottom line. With more than 82% of failed businesses citing cash flow problems as a factor, ForwardAI's technology can help predict and prevent cash flow problems before they happen.

ForwardAI - which has a large leadership presence in Vancouver, Canada - was recently selected as a finalist for the Excellence in Technology Innovation category in the BC Tech Association's Technology Impact Awards.

ForwardAI has also completed the System and Organization Controls (SOC) 2 Type 1 certification, which was developed by the American Institute of Certified Public Accountants (AICPA). Becoming SOC 2-certified is a rigorous, self-imposed process that underscores ForwardAI's commitment to upholding strict IT security protocols that protect its systems and customer data from unauthorized access, and minimize incident impacts when needed.SOC 2 is the gold standard in the financial services industry and - given its voluntary nature - a key differentiator for fintechs that collaborate with financial institutions.

About ForwardAI

ForwardAI is improving access to aggregated accounting, financial, and business data for banks, lenders, and fintechs. With leading small business software integrations available, the intelligent PreciseMatch™ tech, deep client analysis, unparalleled forward-looking data insights, and a complete suite of calculated KPIs and ratios, ForwardAI customers can turn client intake and assessment into only three quick steps. Solutions available include an API, a partner portal, and a client-facing cash flow management and planning tool. To get started or learn more, visitForwardAI.com

About C2FO

C2FO is the world's largest platform for working capital. We serve over 1 million businesses representing $10.5 trillion in annual sales across more than 160 countries. Our online platform connects more than $110 billion of daily accounts payable and accounts receivable. Whether you need working capital or have excess working capital, Name Your Rate®, and the C2FO platform will match your request in seconds. You can accelerate AP or AR on demand, providing you, your customers and your suppliers greater control over cash flow. You can also utilize AR financing and other data-driven funding options.

C2FO is working capital, working for everyone. Our mission is to deliver a future where every company in the world has the capital needed to thrive. To learn more, visit C2FO.com.

ForwardAI Contact Info:

Philipp Jago
1-929-255-5652
philipp@calibercorporateadvisers.com

SOURCE: ForwardAI



View source version on accesswire.com:

https://www.accesswire.com/706230/ForwardAI-and-C2FO-Partner-to-Provide-Powerful-Accounting-Data-and-Cash-Flow-Forecasting-Technology-to-Small-Business-Clients

Posted In: Banking & Financial ServicesNewsPress Releases

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.