Hoe brengen jullie mij op de hoogte?
Vanaf je inschrijving is voltooid en gevalideerd krijg je een e-mail om met de melding dat officieel bent toegevoegd aan de wachtlijst. Controleer zeker je spam folder. Heb je binnen de 24u geen e-mail ontvangen, contacteer ons en stuur een e-mail naar: marketing@monitr.be
What are budget modules and how do they calculate my cash flow?
The reliability of a forecast often hinges on the quality of your data. Hence, having live and constantly updated figures is crucial. This can be a daunting task when relying merely on spreadsheets.
⏩ #1: Budget builder vs. spreadsheets
Switching from spreadsheets to budget modules can significantly reduce errors due to minimized manual input. Using budget modules to build your budget relieves you from the complexities of formulating and calculating cash flow yourself.
This ensures that formulas and data matching are handled automatically, allowing the use of both historical and operational data. Consequently, you're provided with accurate and current figures that are tailored and well-suited for your business.
⏩ #2: Real-time & up-to-date
While some cashflow solutions require manual re-entry of data, Monitr utilizes live data and establishes a direct connection with your accounting software.
This eliminates the need for manual updates, ensuring that, once configured, your data remains consistently accurate and up-to-date.
What is the advantage of linking your accounting to your cashflow software?
By utilizing a direct connection with your accounting software, all changes are immediately reflected in both your cash flow forecast and financial figures.
⏩ #1: Real-time - no dual input
Each entry in your accounting software is automatically synchronized with Monitr. This eliminates the need for manual data entry, thereby reducing the risk of errors and double entries.
⏩ #2: Enhanced accuracy and Detail
Moreover, Monitr utilizes an indirect cash flow forecasting method, integrated directly with your accounting software. This combination ensures reliable and real-time financial insights into your company.
Benefit from an in-depth cashflow forecast that transcends beyond basic income and expense tracking, providing you with a comprehensive and detailed financial overview.
How can I automate my financial reporting with Yuki?
Monitr automates your cashflow by linking budget accounts in Yuki to your reporting structure. With the help of a mapping system, you can choose how you want to divide your results and include them in your reporting (balance sheet, income statement and cash flow statement). Once the connection is made, your data is synchronized and updated automatically.
Hoe kan ik mijn personeelskosten forecasten met Nmbrs?
Met Monitr kun je eenvoudig je personeelskosten forecasten door je personeelsplan te koppelen aan een specifieke periode. Hierdoor kun je de effecten van bijvoorbeeld een herstructurering, indexering of veranderingen in het personeelsbestand in real-time op je cashpositie simuleren. Wanneer je beschikt over een koppeling met Nmbrs, wordt ook je personeelsplan in real-time bijgewerkt. Op deze manier ben je 100% zeker dat je steeds beschikt over accurate en up-to-date cijfers in je rapportering en je cash flow forecast.
How can I automate my financial reporting with Octopus?
Automate your cashflow management by integrating your Odoo accountancy records into Monitr. Utilize the platform’s mapping system to tailor how you want to organize and present your financial data in three key reports, such as a balance sheet, an income statement, and a cashflow statement. Furthermore, a direct connection to your accounting ensures that your data is consistently synchronized, keeping your financial information accurate and up to date.
Waarom is het belangrijk om mijn personeelkosten te forecasten?
Als ondernemer of financieel manager is het cruciaal om een helder beeld te hebben van je cash flow. Vaak worden echter belangrijke kostenposten, zoals uitbetalingen van vakantiegeld, eindejaarspremies en sociale lasten, over het hoofd gezien. Dit kan leiden tot onnauwkeurige voorspellingen of zelfs tot cash problemen op korte termijn. Door het forecasten van je personeelskosten met Monitr, kun je in real-time je personeelskosten berekenen, inclusief RSZ, vakantiegeld en 13de maand, en vervolgens je totale kost van je personeel automatisch opdelen in je rapportering en je cash flow forecast. Zo kun je beter anticiperen op toekomstige uitgaven en je cash flow beter beheren.
How can I automate my cashflow forecasting with Exact Online?
Connect Exact Online to Monitr to automate your cashflow forecast and get a real-time insight into your financial situation. By importing your existing reporting structure from Exact Online, Monitr automatically generates a complete set of financial reports, including a balance sheet, income statement and cashflow overview. Furthermore, since Monitr is directly linked to exact, you're ensured that your financial figures are always up-to-date and provide you a reliable and real-time insight into your financial situation.
When is the expected release date?
We anticipate the release of Monitr's self-onboarding feature around September - October 2023. If you're interested in using Monitr or testing it before this release, you can schedule a demo through our website. Please note: Some self-onboarding features may still be under development and unavailable at that time.
How can I automate my financial reporting with Odoo?
Monitr streamlines your cashflow management by linking your accounting records in Odoo to your reporting structure. Utilizing a mapping system, you gain the flexibility to maintain, segment, and customize your reporting structure to meet your specific needs, including the preparation of a fully customizable balance sheet, a fully customizable income statement, and a fully customizable cash flow statement. Once linked, your data is synchronized and updated automatically.
How can I implement zero-based budgeting in my organization?
To successfully implement zero-based budgeting, begin by establishing clear objectives and gathering dependable financial data. Next, engage all relevant stakeholders in the process to thoroughly review and justify each expenditure.
How does Monitr calculate your budget and cashflow?
Monitr employs budget modules in conjunction with real-time data for dynamic and precise cashflow calculations, a stark contrast to traditional regression analysis methods that often rely on extrapolating numbers. For instance, if you purchase three cars for your employees in one year, regression analysis might inaccurately predict an increase to 1.28 more cars, over a course of five years. To avoid such inaccuracies, Monitr utilizes a budget builder and budget modules. This approach ensures that your figures are not merely drawn from the past but are calculated specifically and in real-time, for each segment of your cashflow forecast
What are the benefits and challenges of zero-based budgeting?
The benefits of zero-based budgeting include better control over spending and more efficient allocation of resources. The challenges are the complexity and time required to implement.
What can I do during my trial period?
During your 14-day trial period with Monitr, you will have unlimited access to all its features. This includes linking your accounts, utilizing financial scenarios, simulating cash flow in real-time, and fully personalizing your reporting structure. After your trial period, you have the choice whether or not to activate your account. If you choose to continue using Monitr, you will then pay a fixed amount per month. No credit required or automatic renewal.
How do I forecast my staffing cost with Monitr?
In Monitr, you have the capability to assemble your plan and synchronize your staffing plan with your workforce data. This ensures that all your costs, including vacation pay and year-end bonuses and social or governmental taxes, are automatically divided and periodically distributed within your figures and cashflow forecast. Additionally, Monitr enables you to make real-time adjustments or make us of financial scenarios.
how do I update my staffing cost?
Monitr simplifies the process of adjusting your staffing plan, whether it involves adding new colleagues, removing departing employees, or implementing contractual changes. Each change is immediately reflected in your reporting and your cashflow forecast. Furthermore, you have the option to manually adjust your staffing plan or synchronize it in real time with your payroll administration.
Why is it important to forecast my staffing costs with Nmbrs?
Key expenses like vacation pay, year-end bonuses, and social charges are often neglected, potentially leading to an inaccurate forecast and short-term cashflow issues. Monitr enables you to calculate your staffing costs in real-time, including social charges, vacation pay, and year-end bonuses. This allows you to effortlessly incorporate your total personnel cost into your financial reporting and cashflow forecast. Thanks to the integration with Nmbrs, your total workforce data is automatically updated, ensuring you immediately have access to accurate and current figures
How can I personalize my reporting structure with Monitr?
With Monitr, adapting your reporting structure to fit your company's needs is straightforward. Besides offering a balance sheet, an income statement, and a cash flow statement, Monitr allows for individual adjustments and personalization of each report.
You have the option to start with a reporting template tailored to your industry or to import your own reporting structure from your accounting software. Moreover, Monitr enables you to quickly gain insights into your figures, break down totals, and utilize analytical axes, such as cost centers, cost units, and projects, among others.
What is the difference between direct and indirect method?
The direct method categorizes income and expenses based on bank statements, whereas the indirect method begins with your accounts, using the operating result (EBITDA) as its starting point. In theory, both methods should yield the same net result, yet they differ in their calculation method and the insights they provide.
How does cashflow forecasting work for Octopus
By integrating Octopus with Monitr, you can seamlessly automate your cashflow forecast and monitor your financial figures in real-time. Import your reporting structure directly from Octopus, or utilize a sector-specific template to create a personalized financial statement, including a balance sheet, an income statement, and a cash flow statement, for your company in real-time. Additionally, your figures are continually updated, ensuring that your financial data is always current and accurate.
What is zero-based budgeting and how does it differ from traditional budgeting methods?
Zero-based budgeting is a budgeting method where every expense is assessed and justified from scratch. This differs from traditional budgeting methods, which take the previous year's budget as a starting point and making adjustments.
How does Monitr support revenue recognition for subscriptions and recurring revenue
Monitr automates the recognition of subscription income by automatically recording both invoiced and expected turnover. Additionally, it integrates seamlessly with your cash flow forecast, ensuring a consistent and predictable breakdown of your cash flow. You can easily adjust future revenue projections using growth and customer churn settings. Finally, all information is consolidated on a clear, interactive dashboard, where key indicators such as monthly recurring revenue (MRR) and customer churn can be easily tracked at a glance.
How is my net working capital managed in Monitr?
Monitr provides a real-time, customizable cash flow overview, encompassing key components such as inventories, trade receivables, debts, financing, and VAT obligations. This feature enables precise tracking of cash inflows and outflows, pinpointing their timing and reasons. Thanks to real-time synchronization with your accounting software, you always have access to up-to-date and reliable financial insights.
This not only facilitates efficient cash flow management, but it also empowers you to make informed strategic decisions in real-time based on the latest financial data.
Hoe past Monitr cashflow forecasting aan voor agencies?
Met Monitr kan je eenvoudig je kosten uitsplitsen en toewijzen op basis van analytische assen. Op deze manier wordt het aanzienlijk makkelijker om op een correcte manier je brutomarge te berekenen. Verder maakt Monitr gebruik van live data dit zorgt ervoor dat je cijfers steeds up-to-date zijn.
Tot slot heb je de mogelijkheid om je project management- & je abonnementen facturatie rechtstreeks te integreren in je cash flow forecast. Dit zorgt ervoor dat je Cash Flow forecast ook op korte termijn in real-time wordt aangepast. Waardoor ze steeds accurater wordt en je cijfers in de toekomst ook steeds dichter staan tegen de werkelijkheid.
✅ Cijfers steeds up to date
✅ Live integratie voor project management data (harvest, teamleader orbit, ...)
✅ Live integratie met abonnement facturatie (stripe, exact online, ...)
✅ Cash Flow forecasting op basis van billability & rates
Does Monitr replace Spreadsheets or Microsoft Excel?
Monitr serves as the ideal spreadsheet companion, offering functionality in both directions. You can upload your data to Monitr, import your reporting structure, or export your data back to spreadsheets. Moreover, Monitr ensures that your data is always live, achieved through three key methods: a direct link with your accounting software, budget modules, and various integrations. In essence, Monitr eliminates the need for manual data matching, enabling automatic updates in real-time. This ensures that your figures are always accurate and up to date.
How does a budget module improve the accuracy of my cashflow?
By switching from spreadsheets to budget modules, you significantly reduce the risk of errors by minimizing manual input. Additionally, you do not need to concern yourself about the intricacies of how your cash flow is calculated. Each module is tailored to match your industry, ensuring that your cash flow is accurately calculated and your figures remain up-to-date.
Is Monitr difficult to configure for an agency?
Monitr maakt gebruik van budget modules en sector templates. Op deze manier kan je in enkele klikken een cash flow forecast bouwen. Verder beschikt Monitr ook over een live integratie met je boekhouding. Dit zorgt ervoor dat dual input op een aanzienlijke manier wordt beperkt en wat wijzigt in je boekhouding, ook altijd zal overéénkomen met wat je ziet in Monitr.
Verder kan je met behulp van een mapping configurator en een drag en drop builder zelf beslissingen hoe je rapporteringslijnen worden opgemaakt. Dit is essentieel als je op een efficiënte manier je kosten en opbrengsten wilt uitsplitsen voor een inzichtelijke rapporteringsstructuur.
En tot slot biedt Monitr aangepast budget modules aan voor agencies, zoals abonnement facturatie, project inkomsten en etc, om ervoor te zorgen dat je Cash Flow forecast ook op korte termijn in real time aanpast aan de werkelijkheid.
What is bottom-up forecasting and linear regression?
Bottom-up forecasting deconstructs your forecast into smaller components, calculates each one individually, and then aggregates them for a comprehensive and accurate forecast. This method calculates and adjusts your forecast in real-time, based on specific assumptions. In contrast, linear regression relies on historical data to predict future trends, meaning you review past figures and project them into the future. However, extrapolation carries inherent risks, the more your forecast extends into the future, the greater the potential inaccuracy or margin of error.
Which systems do you already connect to?
Monitr connects easily with your accounting, project management, CRM, subscription management and other operational tools. Click here to check the full overview of our integrations.
Didn't find your integration? Monitor makes new connections with existing software programs on a daily basis. Click here to request an integration or talk to an integration expert directly.
What happens when I connect Monitr to my accounting software?
Monitr provides an efficient solution for synchronizing your accounting data. However, it operates on a one-way traffic basis, meaning that Monitr imports data from your accounts but does not alter it. This ensures the protection of your data and guarantees that your figures are always current and up to date.
Can I adjust and supplement a scenario or forecast myself?
Monitr uses a budget builder that allows you to create a modified version of an existing budget and simulate the impact on your cashflow in real time. Want to experience it firsthand? Check out our interactive demo here.
What is Monitr's pricing model?
With Monitr, you pay a fixed amount per month based on your turnover. You get access to all functionalities and can connect as many integrations as you need.
Does Monitr have a free trial period?
Certainly, you're welcome to experience Monitr for free with our 14-day trial. No credit card is required, and there's no automatic renewal upon expiration. Simply link your accounting software, customize your reporting, and directly take advantage of the ability to simulate your cash flow. Compare your financial performance, utilize rolling forecasts and financial scenarios, and track your cash balance in real-time.
Does Monitr allow for monthly cancellations of its subscription?
You can cancel Monitr at any time at no extra cost. Try Monitr for 14 days for free, with no credit card or automatic renewal.
What does Monitr do, and how does it differ from its competitors?
What does Monitr do, and how does it differ from its competitors? Join us and check out our investor pitch at The Big Score.
💡 What is The Big Score?
The Big Score is a tech event aimed at showcasing the 40 most promising start-ups & scale-ups in Belgium. And in addition, an opportunity to connect them with international tech investors and -innovators.
💡 How does Monitr differ from other competitors?
While anyone can make a forecast, the reliability of your forecast is often greatly defined by the way it's calculated. For this reason, Monitr adopts a fundamentally different approach in the following ways:
⏩ #1: We don't simply extrapolate figures from the past.
Creating your forecast based on past figures is easy, but often inaccurate. Therefore, Monitr calculates your cash flow in real-time. This means you don't simply extrapolate figures from the past; instead, your budget is automatically built from scratch based on your accounting, budget modules, and live integrations.
⏩ #2: We use budget modules.
A budget module features a step-by-step configurator that enables you to calculate your cash flow in a specific manner. This facilitates the composition and adjustment of a cash flow forecast using live data with just a few clicks. Consequently, it provides a more accurate and reliable view of your cash flow, affecting both short-term and long-term financial projections.
⏩ #3: We build your budget completely from scratch.
Monitr adopts a bottom-up methodology for forecasting, meaning that your forecast is constructed from the ground up. This approach ensures that your financial projections are not merely extensions of past figures, but are instead based on a reliable assessment of your actual costs and revenues. As a result, it renders your forecast more credible, both in the short and long term.
How is data secured within Monitr?
Monitr secures your data with AES-256 encryption and stores it within the EU. We make daily backups at multiple locations and automatically keep your data up to date to prevent data loss. Our partners are GDPR compliant.
As an accountant, how can I automate my cash flow?
Moniter eliminates duplicate entries and updates your numbers automatically based on live data. To provide insight into your figures, Monitr offers interactive dashboards with drill-down navigations, a mapping system to create and maintain a reporting structure, and finally a balance sheet, income statement and cash flow statement to track your figures in real-time.
As an accountant, how can I automate my financial reporting?
Monitr streamlines your cash flow management by integrating the accounts from your accounting software with your reporting structure. Utilizing a mapping system, it allows you to select how to divide your results and incorporate them into your reporting framework. Once established, this link ensures that your data is synchronized and updated automatically, eliminating the need for dual entries.
Is it possible to maintain my own reporting structure?
With the mapping scheme, you can effortlessly decide how to segment accounts and integrate them into your cash flow forecast and financial reporting. You have two options: if your accounting solutions allows it, you can directly import your reporting structure for a swift setup. If that’s not feasible, Monitr provides the flexibility to either begin with a sector-specific template or fully customise your reporting structure yourself. Thanks to an automatic link to your accounts, your figures are assured to be updated automatically, ensuring your data is always current and accurate.
What's the difference between Monitr Lite and Monitr Premium
Monitr Lite specializes in providing real-time primary reporting, featuring a detailed income statement, a balance sheets and a cash flow statement. Each report is fully customizable and suited for financial tracking. In contrast, Monitr Premium offers more advanced functionalities, including a real-time visualization of your cash flow, a rolling forecast, and the capability to analyze scenarios and visualize stategic scenario's using live data. These enhanced features make Premium the preferred choice for comprehensive financial analysis and strategic decision-making.
What are Monitr's prices for an accounting firm?
Monitor uses customized pricing for accountants. For more information about our prices, contact one of our localized experts, he/she will be happy to provide any information you require.
How does an upgrade or downgrade work?
Monitr provides accountants with the flexibility to switch between Lite and Premium features on a per-customer basis. This approach enables you to tailor financial services to each customer's specific requirements at an attractive rate. It eliminates the need for additional solutions and avoids the cost of unused functionalities. Additionally, there are no fees for upgrading or downgrading.
Which reporting options does Monitr offer for accountants
Monitr Lite is designed to focus on real-time reporting, offering a detailed and in-depth balance sheet, income statement, and cash flow statement. Each report is fully customizable and can be rapidly personalized using templates. Monitr Premium offers more advanced features such as real-time cash flow visualization and rolling forecasting, making it ideal for customers who are seeking deeper insights and strategic decision-making through financial scenarios combined with live data.
How can I personalize my financial reporting and cash flow?
Monitr simplifies the personalization of your financial reports and cash flow management by directly linking your accounting accounts to a flexible reporting structure, thanks to its direct connection with your accounting software. You can effortlessly customize and tailor your reporting structure in real time. Start by using a reporting template tailored to your industry, or fully customize your reporting structure to fit your own needs.
As an accountant, how can I automate cashflow forecasting for multiple clients?
Monitr enables you to centralize all your customers within a single platform. You can easily personalize the reporting structure for each company using sector-based templates or by importing an existing reporting structure from an accounting solution. Moreover, each report can be customized through a mapping scheme, allowing you to tailor how your figures are broken down and displayed in your financial reports and your cashflow forecast. By managing all your clients withing one platform, linked to your accounting solutions, the figures for each customer will be automatically updated in real-time, ensuring you always and can present a real-time, accurate and reliable overview of their finances.
Is it possible to set up a test case for my office?
Certainly, we can arrange a test case for you. This can be organized using either data from an existing customer or fictional information. Please reach out to one of our specialists to discuss your specific needs to ensure a reliable test case tailor-fit to your office.
Is it possible to contact references?
You can access references for Monitr in both Belgium and the Netherlands. For more detailed information, please reach out to one of our specialists
Got a question? We will get back to you within one business day.
No spam, no commercial messages