Are you looking for software to manage your cash flow, trade receivables and payables? Do you want to have better visibility on your company’s finances in order to get out of a crisis, or to make investments? You have landed in the right place! We are going to present to you one that we particularly appreciate: Turbopilot, a solution for VSEs & SMEs.
If you are looking for a comprehensive yet easy-to-use tool, Turbopilot may be of interest to you. To get your own idea of this software, we will present its main features to you. Finally, Websites Are Us will give you its opinion on this Made in London solution. Good reading !
TurboPilot in a nutshell
The TurboPilot solution is developed by the London company RCA Consulting. They have more than 20 years of experience in the field of support and training of business leaders and accountants for the improvement of their cash management and their economic performance.
RCA Consulting has been developing IT modules for many years to complement the main accounting management tools on the market such as Sage Coala, Quadratus, or Cegid for planning and internal management purposes, in particular the Turbo range under Windows and Iloa en Saas.
Cash is the number one concern of all business leaders, and RCA Consulting knows it. This is why they created TurboPilot, the cash management solution in Saas mode (available from all web browsers) developed with the aim of supporting professionals on a daily basis in managing and anticipating their budget.
This solution can be used directly by entrepreneurs, but also by consultants and accountants who support their clients in managing their cash flow and investments.
With this cash flow tool, you can follow in real time the evolution of your finances (calculation of your forecast turnover, evolution of your margin, estimate of your expenses, etc …), and anticipate cash dips before they end. ‘impact your budget. It helps you make the right decisions at the right time so as not to jeopardize the financial situation of your business.
TurboPilot is recognized for being one of the best cash management tools on the market today for VSEs / SMEs.
Offers & Prices
TurboPilot is available for a basic subscription of 95 € HT / month for a company and a bank, with access to the backup system on OVH and the encryption of your backed up data, as well as technical assistance.
To gain access to more corporate and bank accounts, TurboPilot’s specialist advisers are at your disposal to provide you with a tailor-made quote. For a larger number of companies and banks with possible consolidation, TurboPilot offers the best quality / price ratio on the market.
RCA Consulting is approved by Datadock, allowing the support of training in handling and use of TurboPilot by OPCOs, as part of continuing professional training.
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Focus on 9 features of TurboPilot
# 1 – Multi-company, multi-bank, multi-account (with cash consolidation)
This function is essential when you need to manage the cash flow of several companies or several separate legal entities. Ideal for managers of multiple businesses, as well as accountants and financial advisors who manage multiple clients’ accounts at the same time.
# 2 -Import of the company’s accounting data
With TurboPilot you can integrate your accounting information very easily, by importing accounting data (historical FEC files and general ledger for the current year), or by simply scanning your customer and supplier invoices.
# 3 – Operating and cash flow forecast
By integrating your settings (customer and supplier deadlines), you will easily have visibility on your operating and cash flow forecasts.
# 4 – 36-month cash flow curve and simulations
You can analyze your key figures over 3 years and simulate your projects according to different assumptions, in order to ensure the feasibility and profitability of your investments and hires. These statistics can also be used as arguments with a banking establishment when applying for a loan, for example.
# 5 – Monitoring of customer and supplier accounts
Equipped with aged scales, TurboPilot gives you the ability to monitor your accounts receivable and payable, so as not to miss any unpaid due dates. This option also allows you to generate reminders in order to make timely reminders on unpaid invoices, or to pay by transfer, or to request payment deadlines from your suppliers.
# 6 – Loan management
You can integrate the amortization plans for your current loans with a dedicated interface. You will be able to anticipate your financial needs month by month, and visualize the impact that a future loan could have on your budget.
# 7 – Estimate of VAT payable
By entering your purchases and sales on this cash flow solution, you will have the direct possibility of consulting the estimate of the VAT (constantly recalculated) that you will have to pay each month.
# 8 – Bank reconciliation
You have the possibility of automatically integrating your banking data by means of scrapping and ebics in complete security. Integrate your bank entries every day and reconcile them with the data entered in TurboPilot. You will be able to make the necessary corrections in a few clicks.
# 9 – Steering and accounting indicators (turnover, operating margin by activity, outstanding customers and suppliers)
Whether for yourself or for a procedure with a banking establishment, you have the possibility of consulting and extracting from TurboPilot a certain number of detailed analyzes.
You quickly obtain graphs measuring the evolution of your turnover, your margin, your outstanding customers and suppliers, your net income, or your interim management balance.
Bonus – Upcoming Features
In a constant effort to meet the needs of its users, TurboPilot will be equipped with additional features in future updates, namely:
- Production of accounting journals for your firm
- Management of customer reminders
- Factoring management
- Cash-pooling (management of cash flows between group companies)
Advantages and disadvantages of TurboPilot
- Bank capture by scrapping and secure ebics
- Management of customer direct debits and supplier or employee transfers
- Nice and intuitive interface
- Compatible with accounting software
- Full web collaborative platform (multi-files) ideal for consultants and accountants, as well as for managers of several legal entities
- Tool available online from any internet browser (SaaS mode)
- Numerous APIs available: invoicing, cash register, scan / OCR of purchase invoices and expense reports, CRM, ERP
- Real-time monitoring of your cash flow indicators
- Requires 1/2 to 1 day of training at least
- Current absence of mobile application (planned)
Our final opinion on TurboPilot
TurboPilot is a powerful cash management tool, easy to use, efficient to anticipate all types of situations (hiring, investments, loss of turnover, etc.). Everything is available on a pleasant and intuitive interface.
It has many features that require training in order to take control of the optimal use of the solution. But all its possibilities make Turbopilot a complete tool, which can be suitable for all types of structures.
This solution is recommended for business managers who need to take stock of the financial situation of their company during a period of crisis, of downturn in activity, or before making significant investments.
It is also ideal for accountants and financial advisers who want to provide sound advice to their clients and help them understand their cash flow situation.
With this powerful treasury tool, you have the ability to make decisions with clear visibility of their impact on your long-term budget.
*The article has been translated based on the content of https://www.lafabriquedunet.fr/blog/turbopilot-avis-test/ by www.lafabriquedunet.fr
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