In 2014, Kevin was running a business that was going well. At one point, however, projects and expenses started to get murky. What had been easy to manage at $1m in revenue became complicated at $2m – $3m in revenue. Lots of moving parts meant that timing issues crept in. The spreadsheet they had been using started to break, and new versions didn’t help. The darkest day was having to let go of staff because they couldn’t see their forecast clearly. They didn’t have the revenue to justify a full-time CFO, and a part-time CFO didn’t understand their business well enough.
So they built what became the first version of Cashbucket. The premise was to be able to see all of the ins and outs of the business in a clear, easy-to-follow plan. They could now set up the cash projection for the month with their finance team and say, “Live on this. If anything deviates, let’s sit down and discuss.”
They’d meet weekly to track any major issues, judge how their performance was going, and see a level of detail that could answer their questions. Ultimately, it helped to turn the business around.
Fast forward to 2022, and Kevin and the team decided to turn Cashbucket into a product and service to help others. There were no other solutions out there that allowed businesses to model their way of doing things. To operationalise their finances and make better decisions.
We’re here to help solve the murkiness. To provide financial modelling and planning solutions to CEOs and CFOs so you can make better, informed decisions for your business.
