Manual review of business bank statements is not efficient
By using Open Banking transaction data, you can get a standardised, up-to-date view of the financial health of a business
FriendlyScore assists business owners in the following ways
Allow businesses to connect bank accounts through Open Banking to get a comprehensive view of their finances in one place
Automated classification of cash flows into recognisable categories, such as payroll, sales and invoices
Live monitoring of all incoming and outgoings
Gain comprehensive insights into income and expenditure
Get access to real-time bank account and credit card data for every business
View transaction activity to gain a comprehensive insight into income and expenditure
Get a complete view of a business’s assets and liabilities
Create a complete view of the financial health of the business
Monitor cash flows and key business metrics, such as sales, expenses and payroll
Incorporate forward-looking views of a business’s key financial ratios to proactively manage credit
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