software vendors?
So since my last post (thanks for everyone who commented), i’ve been contacted by a software vendor who is pretty early stage but has a tool that does the following checks:
cash reconciliation, profit vs cash gap , working capital (ar/ap days), owner/director drawings, cost structure checks, revenue quality checks, gross margin stability, industry benchmark checks (apprehensive on this one) and a few more.
caught my eye as this contains a few checks i would do at the start of new engagements.
but anyway, i’ve never used a tool like this, i’m sure there are more tech native CFOs here that are, and would love to know about anyone’s experiences with tools like this, do they work or if there are specific vendors you’d recommend
appreciate all the help!