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LiveFlow

Automate finance with intelligent reporting and dashboards

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January 1, 2025

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LiveFlow

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Automate finance with intelligent reporting and dashboards

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Overview

LiveFlow is an AI-powered finance and accounting automation tool with operations broadening around financial analysis software. The platform integrates with Google Sheets and Excel to transform them into live financial planning & analysis (FP&A) dashboards.

LiveFlow enables financial and accounting teams to automate repetitive tasks and scale their operations, resulting in minimized manual work, reduced errors, and increased efficiency.

It offers automated reporting, providing fast, digestible reports for clients or stakeholders, and simplifies multi-entity financial consolidation, even with inconsistent general ledger account names.

LiveFlow handles complex finance tasks, such as managing discrepancies in client or business data and processing consolidated financial reports for various stakeholders, such as boards and financial review teams.

A unique feature offered by LiveFlow is real-time synchronization of data between QuickBooks Online and Google Sheets or Excel. It also contains a library of over 100 reporting templates, facilitating further customization to meet unique financial reporting needs.

A notable feature is its capacity to maintain custom formulas when reports refresh automatically. LiveFlow is designed to improve financial service delivery and increase the productivity of finance teams.

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October 4, 2024

Initial release of LiveFlow.

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Pros and Cons

Pros

Integrates with Google Sheets

Integrates with Excel

Automates repetitive finance tasks

Scales financial operations

Minimizes manual work

Reduces errors

Increases efficiency

Automated report generation

Digestible reports for stakeholders

Multi-entity financial consolidation

Handles inconsistent ledger names

Manages client data discrepancies

Processes consolidated financial reports

Real-time data synchronization

Integration with QuickBooks Online

Over 100 reporting templates

Supports custom formulas

Automatic report refresh

Improves financial service delivery

Increases finance team productivity

Transforms spreadsheets into FP&A dashboards

Multi-industry solutions

Supports budget vs. actuals reporting

Facilitates department reporting

Cash flow forecasting

Client reporting functionality

Benchmarking and performance monitoring

Product guides and webinars

Consolidates accounts with inconsistent names

Consolidates multiple currencies, classes, locations

North Americas #1 Financial Analysis Software

Reports sync in real-time with QuickBooks

Customizable reporting features

Add, maintain rows and columns

Saves time with pre-built templates

<2 min customer support response time

99% Customer Satisfaction Score

Save 25 hours per month on consolidation

Provides finance dashboard design

Automated multi-entity consolidation

Customizable dashboard

Features LiveFlow Academy

Extensive template library

Secure and Compliant

Vendorspend consolidation

13-Week Cash Flow Forecast

Empowers cash flow forecasting

Detailed financials for finance review

View 43 more pros

Cons

Limited platform integration

Inconsistent GL account handling

No offline functionality

Lack of industry-specific templates

Learning curve for features

Complex multi-entity consolidation

Limited QuickBooks Sync

Requires QuickBooks Online

View 3 more cons

Q&A

What is LiveFlow?

LiveFlow is an AI-powered finance and accounting automation tool specializing in financial analysis software. This platform transforms Google Sheets and Excel into live financial planning and analysis dashboards.

How does LiveFlow integrate with Google Sheets and Excel?

LiveFlow seamlessly integrates with Google Sheets and Excel using its own interfaces. It transforms these platforms into live financial planning and analysis dashboards, turning static spreadsheets into interactive, automated critical business tools for financial planning and tracking.

How does LiveFlow help in financial planning and analysis?

LiveFlow simplifies financial planning and analysis by automating repetitive tasks like data consolidation, report generation, and analysis. It provides real-time synchronization of data, automated reporting services, and user-friendly templates which facilitate well-structured, tailored financial reports improving the accuracy and efficacy of financial planning and analysis.

Can LiveFlow automate repetitive accounting tasks?

Indeed, automating repetitive accounting tasks is one of the main advantages of LiveFlow. It minimizes manual work by transforming data from various sources into intelligent and actionable reports, thereby increasing efficiency and productivity.

Does LiveFlow have an error reduction feature?

Yes, part of the LiveFlow's mandate is reducing errors that come with manual data management. By automating data reporting and analysis tasks, the chances of human error significantly decrease, resulting in more reliable and accurate financial reports.

What are the notable features of automated reporting provided by LiveFlow?

LiveFlow's automated reporting feature includes fast, digestible reports for clients or stakeholders. Automated report generation provides users with instant, accurate, and up-to-date financial insights which can drive decision-making. Also, it has a library of over 100 reporting templates tailored to meet unique reporting requirements.

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How does LiveFlow handle multi-entity financial consolidation?

LiveFlow has a tailored feature for multi-entity financial consolidation which allows users to seamlessly consolidate various financial data, even with inconsistent general ledger account names. This feature significantly simplifies the complexities of handling multi-entity finances, yielding consolidated reports that meet the need of various stakeholders.

Can LiveFlow manage discrepancies in client or business data?

Absolutely, discrepancies in client or business data can be efficiently managed using LiveFlow. Its ability to handle inconsistent data not only saves time but also reduces the stress connected to the tedious process of data refining and validation.

Does LiveFlow offer real-time synchronization between QuickBooks Online and Google Sheets or Excel?

Yes, LiveFlow offers unique real-time synchronization between QuickBooks Online and Google Sheets or Excel. This feature ensures data consistency and accuracy across platforms, facilitating improved data reporting and analysis.

What is the role of LiveFlow in financial report processing?

LiveFlow plays a multifaceted role in financial report processing. It automates data consolidation from various sources, produces actionable insights through intelligent reporting, and can manage discrepancies in client or business data. These features culminate to make report processing smoother and more reliable.

How can LiveFlow help improve efficiency in the finance department?

LiveFlow helps improve efficiency in the finance department by automating repetitive tasks and scaling operations. This results in minimized manual work, reduced errors, and fast, accurate, and digestible reports for clients or stakeholders, increasing overall operational efficiency.

What kind of reporting templates are available in LiveFlow?

LiveFlow provides a library of over 100 reporting templates, offering a wide range of pre-made options suited for different business needs. These templates facilitate further customization for unique financial reporting preferences and requirements.

Do the custom formulas in LiveFlow maintain while reports refresh automatically?

Yes, LiveFlow can maintain custom formulas when reports refresh automatically. This allows consistent and accurate computations even as the underlying data changes, thereby ensuring the validity and relevancy of the automated reports.

Does LiveFlow support QuickBooks integration?

Definitely, LiveFlow supports QuickBooks Integration. In fact, it enables real-time synchronization of data between Google Sheets or Excel and QuickBooks Online, ensuring seamless data flow and consistency.

How can LiveFlow standardize inconsistent general ledger account names?

LiveFlow is designed to handle inconsistent general ledger account names during its consolidation process. It automates the alignment of varying account names from different datasets, allowing for a smooth and faultless consolidation process.

How can LiveFlow increase the productivity of finance teams?

LiveFlow increases the productivity of finance teams through the automation of various tasks. By reducing repetitive manual tasks and encouraging real-time data management, teams can efficiently use their time for strategic planning and decision making.

How is LiveFlow helpful for teams handling financial consolidation from multiple entities?

LiveFlow is ideal for teams handling financial consolidation from multiple entities as it simplifies and automates this complex and time-consuming process. It can accommodate inconsistent data, deal with varying general ledger account names, and generate consolidated reports for various stakeholders.

What industries can benefit from using LiveFlow?

Industries including technology, construction, and franchises can substantially benefit from using LiveFlow. Its flexible, customizable, and adaptable design makes it suitable for any sector requiring financial planning, analysis, and reporting.

Can LiveFlow preserve custom formulas during automatic report refresh?

LiveFlow certainly can maintain custom formulas during automatic report refresh. The capability to preserve custom formulas plays to consistency and accuracy of computations even as the base data evolves, which upholds the relevance and validity of the automated reports.

Does LiveFlow offer professional finance dashboards and tools for consolidation?

Yes, LiveFlow offers professional finance dashboards and tools for consolidation. It includes an intuitive interface that houses multiple tools for budgeting, planning, and analysis, and consolidating multiple entities. All these features promote efficient financial reporting and tracking.

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