LiveFlow Features

Financial Insight (3)

Budgeting: Uses collected data to assist organizations in understanding what they can afford now, and in years to come. 59 reviewers of LiveFlow have provided feedback on this feature.
Forecasting: As reported in 58 LiveFlow reviews. Creates a continuous and recurrent planning process that can be calculated according to a specified and customizable timeline.
Planning: Leverages data from budgeting and forecasting processes to help corporations understand their reality and make decisions accordingly. 59 reviewers of LiveFlow have provided feedback on this feature.

Data Visualization: As reported in 57 LiveFlow reviews. Offers methods of visualizing data via customizable dashboards, statistical graphs, and charts.
Data Analysis: Scours data for actionable insights. This feature was mentioned in 58 LiveFlow reviews.
Custom Reporting: Allows users to customize their own reports according to business needs. 64 reviewers of LiveFlow have provided feedback on this feature.
Reporting Templates: Provides pre-built reporting templates to organize data for payroll, manufacturing, and other company factions. This feature was mentioned in 61 LiveFlow reviews.

Collaboration: Allows for searchable communication within the tool via notes, checklists, and discussions to ensure clarity between users. This feature was mentioned in 58 LiveFlow reviews.
Version Control: Reflects updates immediately, ensuring users have the most recent data while maintaining records of past performance. 59 reviewers of LiveFlow have provided feedback on this feature.
Real-Time Data Updates: Updates varying factors in real-time, assuring forecasts and inferences are continually made according to the most recent information. 63 reviewers of LiveFlow have provided feedback on this feature.
Scorecards: Based on 56 LiveFlow reviews. Displays and shares company performance data to increase transparency across the board.

Data Import: Import trial balance, monthly P&L, balance sheets, and other types of financial data This feature was mentioned in 155 LiveFlow reviews.
Budget Hierarchies: As reported in 138 LiveFlow reviews. Define budget structure elements and how they are linked hierarchically
Versioning: Based on 133 LiveFlow reviews. Keeps track of all versions of a budget and allows users to compare versions
Formulas: As reported in 149 LiveFlow reviews. Include budgeting formulas to estimate direct and indirect costs, operating and non-operating revenues
What-If: Based on 126 LiveFlow reviews. Test the potential financial impact of business decisions on revenues and expenses
Budget Periods: As reported in 146 LiveFlow reviews. Users can customize standard budget periods (3, 9, or 12 months)

Historical Data: As reported in 151 LiveFlow reviews. Forecasting is based on past transactions and historical financial or operational data
Reforecast: As reported in 130 LiveFlow reviews. Ability to recreate forecasts to include new information that may impact budgets
Forecast Types: As reported in 128 LiveFlow reviews. Support multiple types of forecasts such as balance sheet and cash flow forecasts
Rolling Forecasts: Based on 136 LiveFlow reviews. Used to review and update budgeting assumptions for a predefined period (usually one year)
AI: Uses AI algorithms and models to predict future trends and outcomes, based on historical data and patterns This feature was mentioned in 94 LiveFlow reviews.

Variance Analysis: Project out as the year progresses to accommodate trends that affect key business drivers. 138 reviewers of LiveFlow have provided feedback on this feature.
Forecasts Comparison: compare Income Statement, Balance Sheet, and Cash Flow for multiple periods 137 reviewers of LiveFlow have provided feedback on this feature.
Forward Looking: Forward-looking Balance Sheet and Cash Flow Statements are synchronized with GL data 131 reviewers of LiveFlow have provided feedback on this feature.

Data Import: As reported in 187 LiveFlow reviews. Financial information can be imported from multiple sources such as spreadsheets, text files, or databases
Data Consolidation: As reported in 179 LiveFlow reviews. Data from multiple systems can be centralized into a single repository
Data Validation: Financial data can be validated to avoid duplicates and errors This feature was mentioned in 172 LiveFlow reviews.

Reporting Hierarchy: Administrators can define and manage the reporting structure and access rights to each report 157 reviewers of LiveFlow have provided feedback on this feature.
Report Templates: Templates that can be used to create new reports without starting from scratch This feature was mentioned in 187 LiveFlow reviews.
Report Types: Provide multiple types of reports such as point-in-time or snapshot reports, year over year, or time to date 185 reviewers of LiveFlow have provided feedback on this feature.

Standard KPIs: Based on 162 LiveFlow reviews. Include most common financial KPIs such as gross and net profit margin, or working capital
Standard Reports: Standard financial reports are provided out of the box 188 reviewers of LiveFlow have provided feedback on this feature.
Financial Statements: Ability to analyze financial statements such as income statement and balance sheet This feature was mentioned in 188 LiveFlow reviews.
Drill Down: Users can drill down to the detail level of each transaction or financial entry This feature was mentioned in 183 LiveFlow reviews.

Dashboards: Dashboards can be customized to display different types of data from various sources 185 reviewers of LiveFlow have provided feedback on this feature.
Custom KPIs: Users can modify standard financial KPIs and metrics 171 reviewers of LiveFlow have provided feedback on this feature.
Custom Reports: Allow users to edit reports and to combine multiple reports 189 reviewers of LiveFlow have provided feedback on this feature.
Self Service: Based on 182 LiveFlow reviews. A dedicated portal for external users with limited access to the system
Multiple Entities: As reported in 118 LiveFlow reviews. Monitors the financial performance of multiple entities

Autonomous Task Execution: Capability to perform complex tasks without constant human input
Compliance: Uses AI to ensure the following of rules and creates detailed audit trails which helps compliance and audit preparation.
Reconciliation: Uses AI to match transactions across accounts and systems, and flag exceptions and discrepencies.
Data Collection: Uses AI to extract, clean, and validate financial data from disparate sources, while identifying errors and inconsistencies.
Analysis: Generates AI-assisted financial reports and provides thorough analytical insights.