ForwardAI and C2FO partner to provide cash flow forecasting technology to SMBs

By Joy Dumasia

ForwardAI, a FinTech providing aggregated access to accounting and business data and analysis, announced its partnership with C2FO, the largest global platform for working capital. Through the collaboration, C2FO’s small business customers will access ForwardAI’s premium cash flow forecasting and planning portal, Predict as a Service.  

ForwardAI’s API technology is designed to help FinTechs, lenders, and banks integrate small business cash flow forecasts with existing online portals and assist business clients in staying up to date on upcoming, due, or past-due customer payments. This partnership enables the C2FO to integrate cash flow forecasts within its existing online platform, creating a single application for clients to streamline their day-to-day cash flow management and operations. 

“Our partnership with ForwardAI bolsters the features that the C2FO platform offers to our customers with a new cash flow forecasting module,” said Ragui Selwanes, Chief Product and Technology Officer for C2FO. “The ability to make educated predictions about the future state of cash flow will be priceless for our customers daily, but in particular as they continue to navigate the many challenges all businesses are currently facing due to supply chain woes and inflation.”   

“We’re thrilled to announce our partnership with C2FO, the world’s largest platform for working capital,” said Nick Chandi, CEO and Co-Founder of ForwardAI. “Cash flow forecasting remains difficult for many business owners and historically meant spending hours diving into complicated spreadsheets. Direct accounting data-based cash flow forecasting allows for deep business insights and will help C2FO’s customers manage their working capital even more efficiently.”    

By providing daily, weekly, and monthly cash flow forecasts, a ForwardAI-enabled online platform allows business owners to try new business pivot scenarios and visualize the impact on their cash flow, including adding or releasing employees, planning loans, selling/buying equipment, temporarily adding or changing transactions, reviewing outstanding bills and invoices, and many other factors that impact a business’s bottom line. 

Recently, IBS Intelligence reported that ForwardAI, a FinTech providing aggregated access to accounting & business data and analysis, announced its partnership with Fifo Capital, a leading provider of business finance solutions in Australia. Through the partnership, Fifo Capital will be enhancing its business loan underwriting process using accounting, financial and cash-flow forecasting data provided by ForwardAI’s technology.