First Look Friday: Smansha

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There are cash-forecast tools that look at your QuickBooks data and give you projections of where you are headed based upon your past history and trends...some of them may even use artificial intelligence to bolster their projections.  Some of these forecasting tools are part of a 'reporting' package and some are stand-alone forecasting Apps with some analytic comparisons built-in.

Then there are lending Apps that there to open up options to help you 'apply' for funding for capital for your business, some of them may focus on operating capital, some on short-term needs (like Gap funding or loans against your payables), and some are there for major capital expenditures (like fixed asset purchases where they have 'collateral' in the form of a lien against the property you acquire).

Then there is Smansha which is a cash-flow forecasting software that also is a lending App. (It's like that old candy commercial... "you get two, two candies in one...) Smansha's cash-flow forecasting uses Artificial Intelligence and machine learning to give accountants and business owners real-time analysis of their current and future cash-flows. 

In addition to providing insights on possible upcoming shortages, Smansha allows for easy scenario planning when growth opportunities or special situations come along so you can make informed decisions. In other words, it gives you the opportunity to plan, "if I do this, then my outcome will be... or if this happens, then my result will be...". 

But Smansha does more than just cash-flow forecasting because it also connects you and your business to an always-on SME lender marketplace allowing you to view, plan and solve cash flow gaps. Their premier marketplace of 40+ business lenders, means you can readily determine what funding options are available to your business from multiple lenders with just a few clicks at no cost.

With possible access to additional working capital in your scenario planning, you can get a full view of all your options and may find a financing alternative that works for the growth of your clients’ business. It's great to think that you can have more than one possible funding alternative available to you even though you only completed one application.

Of course, Smansha works with QuickBooks Online, so that all your essential financial data is already flowing back-n-forth once you authorize the connection via the normal QBO OAuth2 process.

That's why you will find them listed at the Intuit QuickBooks App Store on the Smansha landing page. You can try Smansha when you connect to QBO without even having to register your credit card with the App.

(Publisher's Disclosure: Intuit shows the Smansha App listed for ever country's QBO App store (presently available) except France, still the same, please be certain to check with Smansha about actual country compatibility outside the US before you subscribe.)

Smansha's Cash-flow Forecasting

Smansha uses AI and machine learning to continually forecast your cash-flows so as to look for possible shortages before they occur and then give you an opportunity to plan the best course of action. By fine-tuning its own forecasts of your financial goals Smansha more accurately predicts the impact of company initiatives affecting cash-flow, and better determines the value of your investments. These provide improved and more reliable forecasts upon which you can make the best possible strategic business decision-making.

Using customizable scenario planning you can quickly & easily model the effects of various expenses & income on your future cash-flow. Smansha makes it easy to compare the performance from different scenarios & timelines and to identify the areas of improvement that various adjustments to expense or income produce in your future cash position.

Visit the Smansha Forecasting webpage for more details on their Cash-flow and scenario planning software.

Smansha's Lender Market Connection

Smansha gives you needed access to a premier marketplace of more than forty (40) business lenders without having to spend your time filling-out multiple loan applications to see what is available and making desperate last-minute borrowing decisions. With Smansha, you can find out what funding options are available to your business at any time with just a few clicks and completely free.  That way you can scenario plan with full information of your borrowing options without impacting your credit score.

Whether a small business needs new equipment, improving cash flow or hiring more staff – there is a loan option to help. Smansha makes it easy to review funding options offers from multiple industry-leading lenders within as little as 24 hours via a single simple application that takes only minutes. And this process gives you the ability to match the financing with the business needs (e.g. term loans, line of credit, invoice financing, etc.) at the best price. Plus, there is no fee, no obligation, and it will not impact any credit score for the application process.

What Smansha can mean for Advisors

By combining the cash-flow forecasting and funding availability together in one tool, Advisors have an improved resource by which they can not only advise their clients but guide their clients who are in need of cash-flow assistance.

Smansha gives you a tool as an advisor to provide real-time information about your client's financial health, and to project not only where they are going, but where they can be with the right 'adjustments'.

Smansha gives you a tool to help your clients secure safe and secure capital to support the long-term viability of their business.  And as a side benefit to you as an advisor, Smansha's lenders share a percentage commission with the referring advisor (accountant, professional advisor, etc.).

For more information about the benefits of the Smansha-Advisor relationship visit the Smansha Accountant's webpage and consider adding Smansha Forecasting & Funding to your portfolio of services.

And, in case you were wondering, Smansha also works with Xero to create a cash flow projection based upon your accounting data.

First Look Friday articles are editorial features, they are not sponsored content. While they may contain references or 'inserts' that refer to sponsored webinars or other sponsored content, the actual feature is intended as an informational resource for our readers. Further, the review provided by the author is just that 'a review', it is NOT intended as an endorsement or recommendation unless otherwise specifically stated by the author within the text of the article.