The forecasting and reporting add-on CrunchBoards has unveiled a major update for April centred on more carefully curating the user experience.
According to Amy Harris, co-founder of CrunchBoards, the new alerts dashboard is the big feature added with this update. “When you’re connected to Xero, for instance, CrunchBoards sucks in every piece of information, every scrap of data daily”, explained Harris. This real-time data is what allows you to set a client’s key performance indicators (KPIs).
The alerts dashboard aims to make monitoring these KPIs easier. “We’ve wrapped this alerts dashboard around all of the information imported from the accounting software”, said Harris.
The alerts dashboard will prod the accountant when a target has been hit or missed, and then alert the accountant when this happens. These alerts are in-app, meaning there’s no need to log into individual accounting software packages to check things manually. “The alerts will also come via email”, added Harris.
There are four core types of alerts you can create: Current (focusing on today), forecast (the future), account (financial), formula (financial and non-financial for both current and future data).
Among the updates is a new reporting library which houses a variety of chart types, including a few new ones.
Also added is the ‘proportion card’. This is the sixth addition to CrunchBoards’ cards offering. “Our new Proportion Card displays the data within a range as a proportion of the range total. This data can be displayed using either a pie or a doughnut chart”, wrote Helen Cockle, CrunchBoards’ UK country manager.
The library now includes a selection of templates by industry. This is a step forward in forecasting CrunchBoards’ attempt to become a practice growth tool. The industry specific templates are a nice touch if you’re speaking to a prospective client; there will a board that is specifically geared towards their sector. “It will allow you to show information that’s relevant to them”, said Harris.
Aside from the new charts, an update will allow you to use CrunchBoards’ payment profiles when you build your cash flow forecast. “They work with all methods, simply chose a single payment option, 30/60/90 days or create your own”, explained Cockle. “You can also have negative payment terms for any monies that have been paid/received before the invoice date.”
Do you use CrunchBoards? What do you make of the new release?