Pital & Co: Streamlining Financial Forecasts with IoT and No-Code Platform
Technology Category
- Analytics & Modeling - Machine Learning
- Platform as a Service (PaaS) - Application Development Platforms
Applicable Industries
- Buildings
- Cement
Use Cases
- Building Automation & Control
- Time Sensitive Networking
Services
- Data Science Services
About The Customer
Pital & Co's primary customers are entrepreneurs, investors, and founders who need to keep their financial forecasts and valuations up to date. These individuals often have to engage in the painstaking process of hiring and updating firms, employees, and freelancers to keep their financial information current. With Pital & Co's app, they can get financial forecasts and valuations in seconds, helping them stay on budget and understand the worth of their businesses in real-time. The app's user-friendly interface and efficient algorithms make it an invaluable tool for these individuals.
The Challenge
Entrepreneurs, investors, and founders often face the challenge of keeping their financial forecasts and valuations up to date. This process often involves hiring and updating firms, employees, and freelancers, which can be time-consuming and costly. The need for real-time financial forecasts and valuations is crucial for these individuals to stay on budget and understand the worth of their businesses. Joe Schnetzler, the founder of Pital & Co, identified this problem and sought to provide a solution that would streamline this process and make it more efficient.
The Solution
Pital & Co developed an app that uses machine learning tools to generate financial forecasts and valuations in seconds. After signing up, users are guided through an initial onboarding process before they head over to the Projections tab. Here, they input their past financials, marketing budget, and any other relevant information. The app's algorithms then automatically project the user's revenue for the next five years, as well as their cash flow. Once the projections are complete, users can head over to the Financials section, where they can import their projections and input additional information. Upon hitting submit, the valuation is computed and a valuation summary appears. The app was built on Bubble, a no-code platform, which allowed for a faster and more cost-effective development process.
Operational Impact
Quantitative Benefit
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