Finlens

Insanely fast accounting for businesses

Freemium

Description

Finlens serves as a financial command center designed primarily for startups and growing businesses. It aims to simplify accounting processes, moving businesses away from cumbersome spreadsheets towards a more integrated and automated system. The platform connects with various bank accounts and credit cards to provide a consolidated view of finances and ensure bookkeeping stays current with minimal manual intervention.

By offering instant access to key metrics like cash runway, burn rate, income, and expenses, Finlens helps founders make informed decisions quickly. It includes features for spending analysis, identifying top merchants and expense categories, and generating standard financial reports such as Balance Sheets and Profit & Loss statements. The tool also facilitates collaboration by allowing secure access sharing with accountants, CFOs, and team members, streamlining financial workflows and communication.

Key Features

Instant Metrics Hub: Delivers key financial metrics like Runway, Burn, and Cashflow at a glance.
Multi-Account Bridge: Integrates with multiple bank accounts and credit cards for comprehensive data aggregation.
Spend Pattern Insights: Analyzes expenses and inflows, highlighting top merchants and spending categories.
Real-time Bookkeeping: Automates bookkeeping processes to keep financial records continuously updated.
Financial Reporting: Generates essential reports including Balance Sheets and Profit & Loss statements.
AI-Powered Auto-Categorization: Automatically categorizes financial transactions to save time.
Collaboration Tools: Enables secure sharing of financial data with accountants, CFOs, and team members.
Invoice & Payment Management: Supports sending invoices and monitoring accounts payable/receivable.
Subscription Tracking: Offers a simplified dashboard to monitor recurring subscription costs.
Transaction Search: Allows users to find specific transactions easily using tags and groups.

Use Cases

Automating bookkeeping tasks for startups and small businesses.
Monitoring real-time financial health through key metrics dashboards.
Analyzing company spending patterns to identify cost-saving opportunities.
Generating standard financial reports for internal review or investors.
Streamlining invoice creation and tracking accounts payable/receivable.
Consolidating financial data from multiple bank accounts and credit cards.
Facilitating collaboration between founders, finance teams, and external accountants.
Tracking company subscriptions and vendor expenses efficiently.