Peter Renton covers Banking as a Service from FIS Impact Ventures
ForwardAI Debuts New API That Delivers Real-time, Robust Accounting And Financial Data for SMB Lenders
There is a goldmine of information for SMB lenders sitting in small business accounting systems. If lenders are not using this information to their full advantage they will find themselves falling behind.
ForwardAI has introduced ForwardAI Precise, a new API that delivers the most robust suite of cash flow, accounting and financial data for small business lending available today. ForwardAI Precise provides real time access to more than 160 data points enabling lenders to more accurately assess the future financial viability of small businesses.
ForwardAI Precise works with most major accounting systems including QuickBooks Online, Xero, FreshBooks, Oracle NetSuite, Sage, Zoho Books, Microsoft Dynamics 365 and many more. Borrowers just allow access to their accounting system and ForwardAI Precise will deliver a sophisticated forecast of future cash flows and other important data points on the business.