CPA.com, the technology arm of the AICPA, has launched a strategic partnership with business planning software provider Jirav to offer small and medium firms a financial planning and analysis solution that unifies forecasting, budgeting, reporting and dashboarding and helps automate the monthly reporting process.
Using Jirav’s solution, firms can create dashboards combining financial, workforce and operational data into customizable KPIs, create three-way financial reporting packages for both historical and forecasted periods and harness driver-based financial modeling that pulls together disparate data sources to aid strategic planning. Users can model the cash impact of new hires and capital expenditures on the balance sheet and statement of cash flows, not just the income statement.
“Jirav is the perfect complement to our existing tech stack for CPA firms,” says CPA.com president and CEO Erik Asgeirsson. “Small and medium-sized companies typically lack sophisticated business forecasting and strategic planning capabilities, yet smarter, informed decision-making is more critical than ever as the economy moves toward recovery. CPA firms, as part of their trusted advisor role, can offer clients great value by giving them more actionable information to guide those decisions.”