FAQ
What is PocketCFO?
PocketCFO is an innovative financial insights platform that monitors the financial health of your startup and offers personalized insights driven by data to help you grow your business.
Why do I need PocketCFO?
PocketCFO is here to make your life easier by acting as your business’ single source of financial truth and
- seamlessly integrates with your bank so no manual input is needed
- provides real-time cash flow visibility and runway analysis
- offers actionable insights into spending habits to avoid cash-flow problems
- is perfect for first-time founders or seasoned entrepreneurs and caters to all levels of financial literacy.
How is PocketCFO different from Quickbooks, Sage or Xero?
While your accounting software tracks income and expenses, PocketCFO aggregates your data, analyzes spending trends and in return forecasts projections to optimize your business practices.
Through our user research, we have calculated that on average each founder spends about 3-4 weeks each year manually inputting data into spreadsheets to determine cash flow, as accounting software does not provide these services. We think this is ridiculous and you should have this time to grow your business, so we are here to solve this problem by supplying founders the insights and data they need to make informed business decisions.
What does PocketCFO cost?
PocketCFO is in beta so it is currently free! Be sure to subscribe to our mailing list so you can download the app when it becomes available.
What do I need to set up an account?
Setting up your account with PocketCFO is a breeze. After downloading the PocketCFO beta app, the first step is to create a business profile with your company's information. You'll also need your bank details and PocketCFO will securely and seamlessly integrate with your bank account.
Is my information safe? What do you do for security?
We understand that your company’s financial information is extremely important. PocketCFO is being built with the highest level of security in mind. Your data will be encrypted at every stage. We are following best-known security practices for sensitive accounting information by complying with SOC2 and PCI and implementing other personal data regulations as well.
Are you mobile-friendly?
Of course! PocketCFO will be available on iOS and Android devices. Our mobile-first platform makes it easy for you to check your dashboard anytime, anywhere. In fact, we encourage you to monitor your account a few times a day so you're always in the know with your finances.
Do you have a desktop version?
Not currently. Being Founders ourselves and always on the go, we wanted to be sure there's little to be done to find out your financial position. With PocketCFO, there's no need to pull out your laptop, boot up your browser and hope you have a wireless connection. Everything will be available on your mobile devices.
How can I get my hands on PocketCFO?
We are working hard and fast to get PocketCFO beta out the door. Feel free to subscribe to our mailing list and you will be the first to know when it's ready.
