Vistr has created an online software to provide automated cash flow projections, saving you time in the preparation of your cash flow projections.
As an AFSL or ACL holder, ASIC requires your business to prepare updated cash flow projections on a regular basis.1
By connecting to your Xero accounting software, Vistr automatically extracts and analyses your historical financials, then updates your cash flow projection with their smart algorithms.
In the past, creating a cash flow projection could be a painful process that would take a substantial amount of time. It would involve spending hours in front of Excel, building a financial model and updating Excel with new information on a regular basis. Between running your business, winning clients and the other compliance requirements, cash flow projection is often overlooked or treated as an afterthought until audit time comes around.
Not only does Vistr help with your ASIC compliance, it can remind you of upcoming GST & Superannuation payments, help you manage your aged debtors and creditors, and even find /apply for business loans. It is easy to setup, and free to use.
Having recently graduated from Telstra’s startup accelerator muru-D, Vistr decided to pursue an innovative business model by offering a free product for users, and generates its revenue through loan referrals.
“From working with Sophie Grace, we were able to draw on their deep expertise to tailor and expand our product for the AFSL / ACL community. They were also really helpful in quickly helping us understand how we would be captured by the ACL regime.”
Jeremy Kwong-Law (CEO & Co-founder of Vistr)
Sign-up to your free Vistr account at www.vistr.co.
Footnote: 1) ASIC Regulatory Guide 166 (for AFSL holders) or ASIC Regulatory Guide 207 (for ACL holders)
Sophie is the director of both Sophie Grace Legal Pty Ltd and Sophie Grace Pty Ltd. Sophie has worked with some of Australia’s largest financial services organisations in compliance, legal and operational roles. She has also worked with small businesses to provide tailored solutions with a strong understanding of business practicalities as well as obligations to regulators.