In our newest blog series, we are discussing the 3rd wave of the cloud conversation – how to manage mission critical business applications in the cloud to increase productivity and realize a greater reduction in the cost of running your business. In first and second installment of the series, we covered Geckoboard, a solution for viewing your company’s “vital signs” at a glance, and AwayFind, an application for one of the greatest workplace productivity killers, email. In this edition of the series, we will discuss a cloud-based app that offers a real-time dashboard for keeping track of how much your business is earning, spending, and the overall financial health of your organization.
Many small business owers rely on bookeepers or accountants for weekly or monthly financial reports to determine the fiscal health of their company. Without a strong understanding of good accounting principles it can be difficult for a CEO to have personal insight into the profitability of the company. inDinero is a cloud-based application that can track business cash flow and manage day-to-day finances with a crisp, easy to understand real-time dashboard. Using the same security practices used by major banks and financial institutions, inDinero synchs with bank accounts, investment accounts and credit cards, downloading transactions and account balances, and categorizing each transaction into the right buckets. Now you can know exactly how much your are spending on payroll, restaurants, and advertizing at a glance.
Once you set up the application and synch your accounts, inDinero will scan past expenditures and set up an initial budget. The app will then sort and rank your budget line items based on areas where you spend the most money. It will make suggestions on how to allocate your budget and areas where you should focus your attention. To highlight spending trends, inDinero lets you review your current spending relative to your budget in the past.
inDinero’s interface is simple to navigate so finding the information you need is fairly intuitive and seamless. With four plan levels and an average plan cost of about $6 per month this is a great solution for tracking the financial health of your business.
Learn how your business can benefit from cloud services and hosted applications with our free RevITup SilverCloud Assessment. For more information on solutions for running your businesses’ technology more efficiently, visit our website or contact Megan Meisner at email@example.com or 813 920 0788 x210.