How much are we going to make in terms of sales by the end of the year? What do our sales going to look like over the next 12 months?
Have you ever ask one of those questions to yourself? Don’t anymore. kopilot offers two forecasters to help you with having a view on future sales. Anticipate the (wrong) surprises has never been that easy.
How much did we invoice so far?
How are we doing compared to last year?
kopilot permanently informs you about the sales you already made to date. And it compares to the previous year to provide you more context around your performance.
Did you know that the human brain needs a comparison point to make any decision?
kopilot also computes the main sales metrics to make you sure business is going well.
Is my current business model safe?
How recurrent are my sales?
The proverb says that it is cheaper to repeat business with an existing customer than to acquire a new one. If true, are you sure that enough of your business comes from repeating accounts?
kopilot helps you with seeking recurring incomes to peace your mind.
The more recurrence, the easier your life since revenue becomes way more predictable. And predictability brings better business planning, and thus reduces operational and financial risks.
Unpaid invoices may quickly become hell.
Stop generating issues that deteriorate customer trust because of the manual process you have. Avoid your team finds themselves apologizing and clarifying to customers that their payment was, in fact, received — but the notification went out because the data they were working off was a few days old.
kopilot offers a live-eye into the health of your Account Receivables, highlighting key metrics to help you with determining an appropriate course of actions for overdue receivables
When the treasury is under pressure, plan your expenses. Knowing when cash is supposed to arrive has never been that easy! It allows you to better plan some expenses or investment, by planning how much is supposed to come:
It also allows you to practice a closer credit collection follow up. As you have the detailed list of expected to be paid invoices, it has never been that easy to check the payment effectiveness, and send a gentle reminder when needed.
How long does it take to get an invoice paid?
Is the delay increasing or reducing?
The more you wait for payment, the more your cash-flow suffers because you have to pre-finance your operations.
kopilot helps you with reducing the average time to get an invoice paid because you pay attention to it. “Measure what you want to improve.”
You may operate discriminated credit management based on your client habits as well. Be more strict with bad payers on payment delays (or have a fact-based argument to request payment in advance). And a bit looser with the good ones by accepting longer payment delays or using it as a point in the negotiation.
Most countries align the fiscal year with the calendar year. In other words, the fiscal year starts on 1 January and ends on 31 December. Other countries have decided to desynchronize calendars by default. The business year may begin on any date of the year. On top of this, companies may start their year whenever they want.
kopilot embraces that diversity of calendars. You have to power to decide whenever you want the year to start, and to modify it later.
Managing amounts of revenues in different currencies may become a real headache. It can quickly consume all of your time due to retrieving historical conversion rates.
kopilot automatically converts foreign currencies into your preferred currency. It is simple to handle all your revenues consistently, whatever the money your customer wants to pay you.
For those having the chance to manage a couple or several businesses. Have you ever be confronted with the frustration of being obliged to have multiples Excel files and reports? Or the failure of using different tools that always requires you to log in and log out? Or the frustration of reading reports with different styling and formats?
kopilot hosts all your companies within the same account.
How many hours per week do you spend on tweaking in Excel to produce your regular reporting?
How confident are you on your reporting and its reliability?
Automation reduces the need for human intervention in routine or low-risk decisions. It eliminates both the cost and potential for errors associated with the human-based workflow, and it allows companies to apply expert human resources when and where they add the most value to the decision-making process.
How frequently do you receive your business information?
Faster decision-making not only shortens cycle time, but it also reduces handling costs and ultimately increases profitability.
Your kopilot gets quite often refreshed to provide you the latest information and to let you react the sooner.
kopilot gets revived either an event happened on your business, either periodically. In all cases, your business information is refreshed several times a day. It might you cannot wait for the next automated refresh. So push the “Sync now” button, and whoosh ! all data are refreshed.
Visibility enables the business to track, monitor, measure, and optimize processes in real-time, and to quickly identify operational bottlenecks to fine-tune processes on the fly for optimal results.
Tired from reports that lack of uniformity?
Frustrated by the poor layout, like they put as much data as possible onto the screen (or paper)?
You do not have to do the decryption work. Let kopilot do it for you.
We apply the best practices for the human brain to handle, understand, and digest the information according to the principles of the Management Cockpit. That method, based on neurosurgery, aims to increase the speed you read and process the information.
Each template answer a business question. The answer is provided through several key performance indicators to cover various angles and provide you as much explanation as possible.
kopilot analyses your last month’s results without you having to move your finger. Should you send some invoices for last month, no worries, your report is refreshed.
Reviewing the past year can be highly time-consuming; however, it may be rich and worth in information.
Who have said, analysis cannot be delivered immediately?
Try Kopilot for 14 days free, afterward pay only if you love it.