giniPredict: The Xero dashboard that gives you foresight and insight (not just hindsight)

By
on
Mar 29, 2021

Introducing giniPredict: the AI-powered dashboard that gives you instant clarity on where your company’s at — and where it’s headed next — at all times.

Poor financial management is the reason 82% of small businesses fail.

A scary statistic, yes. But when we look closer, we see that the challenge for most small businesses is not about keeping up with their accounting, it is about getting answers to their most pressing questions quickly enough.

Small businesses need quicker answers to questions like:

  • When will we need a loan?
  • Which marketing activities have the most impact on sales?
  • What is our profit likely to be 6 months from now?

The problem is, most small businesses lack the tools that support strategic decision-making.

Accounting software like Xero is wonderful... for record-keeping. But it was never designed to shout out, “Hey, you’re going to run out of cash in four months if you don’t act now.” 

It is, by nature, a record-keeping software that audits the past rather than predicts the future. 

Which is why so many people end up exporting their Xero reports to do further analysis and forecasting in spreadsheets — a highly tedious, time-consuming and error-prone process.

Markets move so fast nowadays, that analysing data manually — even for professional analysts — just takes too long. There isn’t time to do a proper financial analysis for every decision.

As a result, many crucial questions go unanswered.

You need a faster, easier way to predict your financial data

We built an AI-powered financial dashboard that gives you instant clarity on the financial health of your company now — and where it’s headed next — at all times.

Hosted on Google Data Studio, the giniPredict Financial Dashboard generates AI-powered forecasts and insights from your Xero data in under 5 minutes.

This kind of AI predictive analytics technology is usually only accessible to big companies with teams of data specialists. But we believe small and medium businesses deserve to benefit from it, too. So we made it easy enough for anyone to use. No coding needed.


Get your own giniPredict Financial Dashboard for free in under 5 minutes


Here are some of the cool things it does:

#1 A financial dashboard that syncs with Xero

The giniPredict Financial Dashboard syncs directly with Xero, saving you all the hours spent on tedious data prep. With giniPredict, you can update the data in a click and always have the latest information at hand. (More integrations coming soon.)

#2 A financial dashboard that runs 50% more accurate forecasts

To run your business properly, you need a pretty good idea of what your profit, income and expenses are likely to be 6 to 12 months from now. 

Calculating that manually takes some advanced mathematics skills, a lot of spreadsheet formulas, and a great deal of patience.

The giniPredict Financial Dashboard generates an AI-powered forecast on your business finances as soon as you connect to Xero. You get a reliable forecast on your net profit, income and expenses that reflects the seasonality in your data, giving you a clearer view of the road ahead.

Read: A better way to forecast your business finances

#3 A financial dashboard that identifies key business drivers

giniPredict’s AI predictive models perform advanced analysis on your data, examining the relationships between each variable in every possible combination and uncovering correlations you never knew existed.

The key drivers chart helps you understand what’s most closely correlated with your income and net profit, so you know which levers to pull to reach your targets.

#4 A financial dashboard that gives instant clarity on your profitability

The giniPredict Financial Dashboard makes it easy to understand your profitability at a glance, with charts that show your net profit, operating profit and gross profit; your profit margins; and how your profit is trending over time. All updated in a click.

This makes it easier to take action and do what’s right for your business before it’s too late.


#5 A financial dashboard that powers rapid reporting

Hosted by Google Data Studio, the giniPredict Financial Dashboard is easy to share, download, embed in websites and presentation decks, and even send as a regularly scheduled email.

When it’s this easy to update and share reports, you can rest assured that everyone is on the same page. Always.

How to get started

First of all, the giniPredict Financial Dashboard is free to use, no credit card required.

Here’s how to set it up:

  1. Log into Google 
  2. Open a new template and click “Connect to Xero”
  3. Authorise gini to connect to Xero and Google Data Studio 
  4. Click “CONNECT” then “CREATE REPORT” 
  5. Voila! A new dashboard will be populated with your data automatically

Note: You’ll need a Xero account with at least 3 years of accounting data (income, expenses, profit) for the giniPredict Financial Dashboard to work properly. Each chart uses specific Xero reports, so if your account is missing some of this data, the charts may not work.

You don’t need any specialist skills or training to use it. All you need is a Google account, a Xero account and an internet connection.

It’s time to get the clarity, foresight and insight you need to run your business with confidence.

It’s time to level up your financial planning with powerful data insights. 

It’s time to get started with giniPredict.


Contact us
Case study

giniPredict: The Xero dashboard that gives you foresight and insight (not just hindsight)

Case study

giniPredict: The Xero dashboard that gives you foresight and insight (not just hindsight)

The results
A major international bank found gini to be the most efficient data enrichment provider for its digital banking upgrade initiative.

In a pilot project with gini, the bank ran 50,000 transactions through our data enrichment engine.  Within 72 hours, gini had enriched 95.7% credit card transactions and 92.7% EPS transactions. 

“We were surprised just how fast gini’s enrichment capabilities are. What we expected to take 3 weeks took them only 3 days,” said the bank’s Head of Innovation and Strategy. “On top of that, they even enriched EPS transactions, which no other provider has achieved.”
Credit card
transactions enriched
EPS
transactions enriched
The results
gini introduced a successful Savings Goal feature in our PFM app that was adopted by 60% of users within 30 days of launching.
 
Our users engage with the Savings Goal feature an average of 7.4 times a month, which when compared to the once-a-month engagement of most banking apps, is a testament to its value. 

And the reviews were overwhelmingly positive, with comments such as, “Congrats on the release of the saving function, it’s very helpful and motivates me to save more!” and “Makes saving and budgeting a lot easier.”

Makes saving and budgeting a lot easier.
The challenge
Our research showed that users wanted a savings feature that automates their budgeting calculations, and shows how much they have left to spend after putting their savings aside every month.

However, no PFM apps in Hong Kong had a feature like this because it requires complicated algorithms and enriched transaction data. Without merchant names for example, it’s difficult to label recurring transactions accurately, and give the user a clear, comprehensive overview of their finances.

The solution
With data automatically enriched by our machine learning models, gini was able to build a fully functioning Saving Goals feature that resonated with users and increased engagement.

The new feature automatically calculates a monthly OK to Spend amount by subtracting the user’s total monthly expenses (past and upcoming) and Savings Goal from their total monthly income. It also has a traffic light system that warns users when it’s time to reign in their spending.

None of this was possible without first enriching the transaction data with accurate merchant names and categories.
The challenge
A recent digital banking survey showed low levels of satisfaction, with 87% of customers finding it hard to understand their transaction feeds.
My current spending history is confusing. I want to see the ACTUAL shop name.
To address this — and reduce queries — the bank planned to first replace standard transaction codes with clear merchant names and categories throughout its digital banking services. And then to increase loyalty with a personal finance app, built on the foundation of enriched data. 

However, developing the technology to transform such large volumes of transaction data was proving to be a Herculean task — one that would take years. So they looked for an external provider to help clean, structure and enrich the data accurately and quickly.

The solution
Impressed by the quality and speed of gini’s enrichment engine in the pilot project, the bank plans to integrate our scalable software into their own systems to allow for real-time data processing and enrichment. The best part is, gini’s technology is easily accessible as a SaaS solution on AWS Marketplace, avoiding the need for lengthy tech stack integration processes.

Soon, the bank’s entire customer base will have their transaction feeds transformed from confusing codes to recognisable merchant names, logos and categories. This is predicted to have a significantly positive impact on NPS scores.

Equipped with enriched data, the bank’s development team will then be able to build a competitive personal finance app with much richer features than otherwise possible.
Contact us to find out more about our digital banking data solutions
Contact us
Find out how data enrichment can help you build better PFM features
Contact us

Open banking in 2020: Are you ready?

Open banking is primed to become the new norm in Asia Pacific. But, as our research report shows, the majority of bankers in the region are not sufficiently prepared for what’s coming.

It’s time to get smart on what open banking is and how it’s expected to impact the market this year. 
gini's original research report on open banking in Asia Pacific for 2020
Download the research report
Download the open Banking 2020 research report by gini
We interviewed more than 300 finance and technology thought leaders across Asia on the industry’s readiness for open banking this year, with surprising results. 
Download our Open Banking 2020 research report to find out: 

The opportunities in store for all participants
The barriers to adoption
Who is expected to benefit most 
How institutions can generate revenue from open APIs
And more

giniPredict: The Xero dashboard that gives you foresight and insight (not just hindsight)

By
on
Mar 29, 2021

Poor financial management is the reason 82% of small businesses fail.

A scary statistic, yes. But when we look closer, we see that the challenge for most small businesses is not about keeping up with their accounting, it is about getting answers to their most pressing questions quickly enough.

Small businesses need quicker answers to questions like:

  • When will we need a loan?
  • Which marketing activities have the most impact on sales?
  • What is our profit likely to be 6 months from now?

The problem is, most small businesses lack the tools that support strategic decision-making.

Accounting software like Xero is wonderful... for record-keeping. But it was never designed to shout out, “Hey, you’re going to run out of cash in four months if you don’t act now.” 

It is, by nature, a record-keeping software that audits the past rather than predicts the future. 

Which is why so many people end up exporting their Xero reports to do further analysis and forecasting in spreadsheets — a highly tedious, time-consuming and error-prone process.

Markets move so fast nowadays, that analysing data manually — even for professional analysts — just takes too long. There isn’t time to do a proper financial analysis for every decision.

As a result, many crucial questions go unanswered.

You need a faster, easier way to predict your financial data

We built an AI-powered financial dashboard that gives you instant clarity on the financial health of your company now — and where it’s headed next — at all times.

Hosted on Google Data Studio, the giniPredict Financial Dashboard generates AI-powered forecasts and insights from your Xero data in under 5 minutes.

This kind of AI predictive analytics technology is usually only accessible to big companies with teams of data specialists. But we believe small and medium businesses deserve to benefit from it, too. So we made it easy enough for anyone to use. No coding needed.


Get your own giniPredict Financial Dashboard for free in under 5 minutes


Here are some of the cool things it does:

#1 A financial dashboard that syncs with Xero

The giniPredict Financial Dashboard syncs directly with Xero, saving you all the hours spent on tedious data prep. With giniPredict, you can update the data in a click and always have the latest information at hand. (More integrations coming soon.)

#2 A financial dashboard that runs 50% more accurate forecasts

To run your business properly, you need a pretty good idea of what your profit, income and expenses are likely to be 6 to 12 months from now. 

Calculating that manually takes some advanced mathematics skills, a lot of spreadsheet formulas, and a great deal of patience.

The giniPredict Financial Dashboard generates an AI-powered forecast on your business finances as soon as you connect to Xero. You get a reliable forecast on your net profit, income and expenses that reflects the seasonality in your data, giving you a clearer view of the road ahead.

Read: A better way to forecast your business finances

#3 A financial dashboard that identifies key business drivers

giniPredict’s AI predictive models perform advanced analysis on your data, examining the relationships between each variable in every possible combination and uncovering correlations you never knew existed.

The key drivers chart helps you understand what’s most closely correlated with your income and net profit, so you know which levers to pull to reach your targets.

#4 A financial dashboard that gives instant clarity on your profitability

The giniPredict Financial Dashboard makes it easy to understand your profitability at a glance, with charts that show your net profit, operating profit and gross profit; your profit margins; and how your profit is trending over time. All updated in a click.

This makes it easier to take action and do what’s right for your business before it’s too late.


#5 A financial dashboard that powers rapid reporting

Hosted by Google Data Studio, the giniPredict Financial Dashboard is easy to share, download, embed in websites and presentation decks, and even send as a regularly scheduled email.

When it’s this easy to update and share reports, you can rest assured that everyone is on the same page. Always.

How to get started

First of all, the giniPredict Financial Dashboard is free to use, no credit card required.

Here’s how to set it up:

  1. Log into Google 
  2. Open a new template and click “Connect to Xero”
  3. Authorise gini to connect to Xero and Google Data Studio 
  4. Click “CONNECT” then “CREATE REPORT” 
  5. Voila! A new dashboard will be populated with your data automatically

Note: You’ll need a Xero account with at least 3 years of accounting data (income, expenses, profit) for the giniPredict Financial Dashboard to work properly. Each chart uses specific Xero reports, so if your account is missing some of this data, the charts may not work.

You don’t need any specialist skills or training to use it. All you need is a Google account, a Xero account and an internet connection.

It’s time to get the clarity, foresight and insight you need to run your business with confidence.

It’s time to level up your financial planning with powerful data insights. 

It’s time to get started with giniPredict.


Contact us

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