Float allows us to accelerate growth by forecasting our cash flow
Use Cases and Deployment Scope
Float is being used by myself and my Director of Operations. We both use the service to forecast out our cash flow. Depending on the numbers we see we allocate more to each department across the organization to spend more in order to grow faster. This is a crucial service for us as we are trying to maximize our growth by spending as much as possible.
Pros
- Cash flow management.
- Forecasting out how much you can spend.
- Quickbooks integration.
Cons
- Quickbooks integration could be improved to automatically include recurring transactions.
- Pricing is a little steep for smaller businesses.
Likelihood to Recommend
Float is great for a startup/small (< 20 employee companies) that have limited resources for keeping an eye on cash flow. Yes, you could hire a contractor CFO, but it would simply be less expensive to use Float and educate yourself a bit about cash flow. For larger companies I feel like you would have a dedicated financial controller or CFO that may already have tools they are familiar with, but this service might also still be useful.
