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Jirav has proven to be an invaluable tool for a variety of users across different industries. For growing startups, Jirav's ability to …
Starting at $10,000 per year
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What is Jirav?
Jirav, headquartered in San Francisco, aims to deliver smarter financials and faster insights, helping to understand where a business has been and predict where it will go. The system joins cloud-based Accounting, HR, CRM and billing data to automatically surface…
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Pricing
Starter
$10,000
Cloud
per year
Pro
$15,000
Cloud
per year
Enterprise
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Cloud
Entry-level set up fee?
- No setup fee
For the latest information on pricing, visithttps://www.jirav.com/pricing
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
Starting price (does not include set up fee)
- $10,000 per year
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Jirav Product Demo
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How To Set Up Jirav Software's Simplified Financial Reporting
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Cash Flow Forecasts - How to Build Wealth for Your Business with Jirav
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Jirav Software Demo Review
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Product Details
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What is Jirav?
Jirav is financial modeling software that helps users plan faster. It combines accounting, workforce, and operational data in a driver-based financial model to quickly see where a business has been and accurately forecast where it is going.
Build driver-based financial models
Provides a real-time look at what’s ahead to help uncover new opportunities for growth and profit with a financial model customized to the business. Jirav's financial modeling software eases creating and updating financial forecasts and budgets. Users can build sophisticated plans and models, then make adjustments and automatically roll forward a plan so the user can spend more time on strategy.
Combine financial and operational data
With Jirav’s cloud financial planning and analysis software, users can plan and forecast with consolidated data across the entire organization, not just what’s in the general ledger. Import non-financial metrics and combine with financial data to plan and report on the key performance indicators that matter most to a business, including any custom KPI .
Customize business drivers
From staffing to capital expenditures—there are many unique metrics driving a business. Jirav enables users to create custom drivers with formulas and assumptions to build more accurate forecasts and budgets. Designed to simplify workforce planning and staffing decisions by linking cause and effect, such as outbound sales reps driving new revenue, or revenue driving new hires on the support team. Customize drivers however a business works.
Forecast cash flow
Jirav automatically generates 3-way financial statements for historical and future periods from your model, including Income Statement, Balance Sheet, and Statement of Cash Flows. See the impact of increased/decreased revenue, staffing changes, and capital expenditures. Forecast cash flows 1 month, 6 months, 12 months, or even 60 months in the future. Clone models and tweak key assumptions to see the impact on cash flows over the short and long term.
Project sales and revenue
Simple sales forecasts can be created or sophisticated, industry-specific revenue models can be built using Jirav’s custom tables. Project deferred revenue backlog into a forecast to ensure that a plan is accurate on both a cash and accrual basis.
Planning the workforce
Individual new hires can be planned, or planning can be done formulaically by role with workforce drivers linked to a financial model. Fully-burdened headcount costs can be incorporated into a model including benefits and taxes. Reports include key workforce metrics such as salary run rate, revenue per employee, and percentage of cost of workforce. These KPIs can be visualized in dashboards for department heads.
Budget by department
Budgeting can be done by starting with last year’s numbers or build from scratch. With Jirav, users can forecast based on historical results or budget from the bottom-up by creating drivers linked to planned business activity. Build departmental budgets that roll up automatically into the company plan of record. Create accountability with reports and dashboards customized for the needs of each department head including budget vs forecast vs plan and relevant KPIs.
Modeling capital expenditures
The effect of capital purchases and the related depreciation (using any method) can be modeled on pro forma financial statements. Capital spending drivers can be headcount, production units, or any other metric. For example, a driver can be created to requisition a laptop for each new hire. And if orders increase beyond a set threshold, a new piece of production equipment can be purchased.
Comparing multiple scenarios
Cloning models can create comparisons on the fly for fast scenario planning. Plans can be adjusted or compared on the fly, even in the middle of a board meeting. Budget v. actual, budget v. forecast, or forecast v. actual, or any combination can be compared. They’re all part of the same financial modeling software platform.
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Jirav Technical Details
| Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Unspecified |
| Mobile Application | No |
| Supported Countries | United States, Canada |
| Supported Languages | English |
Jirav Downloadables
Frequently Asked Questions
Jirav, headquartered in San Francisco, aims to deliver smarter financials and faster insights, helping to understand where a business has been and predict where it will go. The system joins cloud-based Accounting, HR, CRM and billing data to automatically surface an interconnected model that is unique to a business. The solution helps eradicate spreadsheet errors, produce monthly reports that occur in real-time, and connected data enables teams to collaborate on multiple scenarios – bookings, billing, revenue recognition, cash flow, and workforce/expense planning – to get the answers they need.
Jirav starts at $10000.
The most common users of Jirav are from Small Businesses (1-50 employees).
Jirav Customer Size Distribution
| Consumers | 0% |
|---|---|
| Small Businesses (1-50 employees) | 40% |
| Mid-Size Companies (51-500 employees) | 60% |
| Enterprises (more than 500 employees) | 0% |
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Community Insights
TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!
- Business Problems Solved
- Pros
- Cons
- Recommendations
Jirav has proven to be an invaluable tool for a variety of users across different industries. For growing startups, Jirav's ability to plan for multiple budget scenarios and provide live updates from financial systems has been a game-changer. Non-finance team members have also benefited from Jirav by gaining a better understanding of their department budgets, while the finance team appreciates the tool's ability to minimize constant updating. By moving away from spreadsheets and adopting a more organized approach to budgeting, users have found Jirav to be a time-saving solution that simplifies the forecasting process and eliminates the need for extensive Excel work and data extraction. Furthermore, Jirav's real-time synchronization between books and forecast, along with its easy-to-digest metrics and quick reporting capabilities, has improved internal financial reviews and decision-making. Overall, users find that Jirav streamlines processes, saves time, provides valuable insights, and offers a robust solution for forecasting, reporting, and financial planning.
Game-changer: Users have found Jirav to be a game-changer in their financial reporting and forecasting needs. Many reviewers appreciate the well-thought-out and robust platform that Jirav offers at a reasonable cost. They also mention the depth of features available and how customizable it is to individual needs.
Pragmatic approach and helpful team: The pragmatic approach taken by the Jirav team has been highly praised by users. Reviewers commend the helpfulness of the team in answering questions, explaining the interface and terminology, as well as providing guided implementation. Users mention quick response times from Jirav's employees, who are knowledgeable and friendly when servicing the software.
Speed and ease of use: Users find that using Jirav significantly improves efficiency compared to manual reporting or Excel spreadsheets. They appreciate its ability to import and sync data with popular accounting software, ensuring accuracy in reflecting changes to actuals in budget/forecast/financial models. Users love how seamlessly forecasted financial reports can be updated with just one click, eliminating manual updating and fixing broken formulas.
Slow Performance: Users have reported that the platform can be sluggish, particularly during initial load time and when loading reports. Some users have also mentioned that the software lacks the snappiness or quickness of Excel or Google Sheets.
Limited Analysis Capabilities: The tool is perceived by some users as lacking sophistication and advanced analysis capabilities. They desire more options for charting to create charts and comparison reports using multiple plans for different time periods. Furthermore, the process of building models is limited to working with only two variables at a time, which can be restrictive and slow down workflow.
Lack of Flexibility in Financial Reporting: Users have expressed a need for more comprehensive reporting on aspects such as staffing, as the current reporting on financial statements is good but limited. They also noted the absence of an ability to trace precedents or dependents, making model auditing difficult. Additionally, users find it challenging to consolidate reporting for clients with multiple subsidiaries and suggested adding more flexibility to the financial reporting package.
Users of Jirav have made several recommendations based on their experiences with the software. The most common recommendations include:
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Taking advantage of the 14-day trial: Many users suggest making use of Jirav's 14-day trial to get a feel for the software and its capabilities. This allows businesses to assess whether Jirav is a suitable solution for their financial needs before committing financially.
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Dedicating time and patience to learning: Reviewers advise dedicating sufficient time and patience to learning how to navigate and build models in Jirav. While the software is considered powerful and straightforward once users become familiar with it, it does require an investment of time and effort to fully grasp its functionalities.
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Having accurate accounting data: Users recommend ensuring that accurate accounting data is available when using Jirav. This enables the software to provide maximum value in managing financial portfolios. By feeding reliable data into Jirav, businesses can leverage its features effectively.
Overall, users find Jirav to be a valuable tool for businesses spending significant time on spreadsheets, offering efficiency, time-saving, and less stress in managing financial portfolios.
Reviews
(1-1 of 1)Companies can't remove reviews or game the system. Here's why
January 24, 2023
Jirav is Just Not Quite There Yet
Score 6 out of 10
Vetted Review
Verified User
My predecessor used to use a 40+ tab Excel for all financial modeling and planning, which was a pain to update every month-end close for me and made it more difficult to provide real-time reporting for our team members in the company. After he left our company, I decided to implement software to prevent the need for time-consuming and tedious manual processes of combining information with our GL accounting system in Excel. I wanted to find software that would allow for seamless integration with our GL and make planning easier, faster, and more collaborative across our 9 departments. There was a study done that over 90% of Excels have errors, mainly because of user error and lack of data validation. I heard through several accounting webinars that Jirav was a top product being used by accounting advisory firms and the most robust in the industry, so I decided to give it a try.
- Jirav integrates well with Quickbooks Online (QBO), and I like how you can easily customize the reporting presentation by combining GL accounts and showing more or less details as needed for managerial reporting
- I like that Jirav is browser-based and that I can easily share reports with internal and external parties for comments
- I feel more confident using Jirav than I do with Excel because there is more data validation, and some notifications will appear if there are errors in the model
- The sales capacity model and ramping employees schedule that their implementation / professional services team built for us works well overall (with some limitations)
- Ideally, having a direct integration into Jirav would be great for all our data. However, some of our software didn't have a direct integration, so I was glad that Jirav offered the ability to use a connected Google Sheet that lets me input data that can be imported directly into the system
- At times, I feel that Jirav is too customizable. It would be great if they could tailor the system to be more industry-specific. For example, if the system could provide standard formulas for SaaS industry metrics already within the system, then that would have saved me a ton of time with having to create the metrics myself. The formula creation for metrics is quite tedious as well because you can only do simple calculations, such as A + B or A x C. You cannot do A + B + C or A x B x C.
- I struggle with the way they have their staff planning set up because I have to reimport an Excel every month with all the changes (new hires, terminations, pay changes), and the changes appear to be retroactive on reports, which doesn't make sense if someone receives a raise or pay change during the year. It would be much easier for planning for bookings if they could add a column for quota by salesperson.
- If there are notifications of errors in the model, then the notifications will continue to present themselves after I resolve the issue. It would be nice if I could clear out notifications I know are not relevant anymore. I also still find errors in the system that I would have expected the system to notify me about, such as Assumptions that are set up but they are not included in any formulas, so I should delete that assumption to prevent anyone from thinking changing that assumption will impact the model.
- There is some functionality for sharing reports and information, but there is not enough granularity in security settings to allow me to share certain information easily. For example, if I want to share information with managers to manage their departments' budget, but also not see their boss' compensation, then it takes some work to set that up. Or, if I want to share a report with a recruiter of planned headcount and salary, then I need to export it to Excel first and delete Actual headcount and salary, so they don't see current employees' compensation (including the person's boss' salary).
- Customer and vendor names do not import, only the totals, so if you look at Actuals vs Plan, the actuals will show a total figure and the plan will show detail, creating the need for an external and manual reconciliation
- There is no multi-currency available
- Scenario analysis can be difficult to do quickly. For example, if I want to see the plan with planned hires and without planned hires, then I would need to create two separate plans, individually select and delete the planned hires in one plan and keep then in another plan, which is time-consuming
- Using Google Sign-In causes the system to time-out frequently for me, so I get kicked out of the system and have to log back in. If I have multiple tabs of Jirav open, then re-logging in sometimes doesn't bring me back to where I was originally at.
- You can export reports to Excel, but there are no formulas of the calculations, which makes it more difficult to understand how calculations are being performed unless you look in the browser and dig into the calculations. This also might make it more difficult if you decide to go to another software in the future since you may need to start from scratch in the next software
- Seasonality has been difficult to model. For example, the way our model is set up, I can use an assumption for Q1, Q2, Q3 and Q4. However, if I update Q3 for this year, then it also updates Q3 of all subsequent years, which I don't want. A more complex model and additional maintenance would be needed to accomplish more accurate seasonality planning
- 1-3 day shortening of post-month end close analysis from integration with our accounting software
- Elimination of several manual Excels related to headcount variance, salary variance, and planning
- Fathom, Mosaic.tech, QuickBooks Online Advanced, Cube, Vena, Board, Planful, OnPlan, PlaceCPM, Prophix, Anaplan and Workday Adaptive Planning
Fathom was the cheapest and most basic as an add-on directly to QuickBooks Online Plus, but you lose functionality with Fathom if you use QuickBooks Online Advanced (QBOA). The main loss of functionality for me was the lack of multiple department reporting, which was absolutely necessary for my analysis. Jirav was half the price of Moscaic.tech, but I've heard Mosaic has standard metrics for the SaaS-industry, which is appealing after going through the tedious process of setting up metrics in Jirav. QBOA has additional reporting than QBO Plus, but not enough robust features for planning and modeling. PlaceCPM is Salesforce-based and a I felt having a strong Salesforce admin that can great reports made their unnecessary, and I feel like most of the time you need a Salesforce admin just to run Salesforce. Cube, Vena and OnPlan are spreadsheet-based, but I don't want to use spreadsheets. Prophix, Board and Anaplan seem outdated. Workday was more than what I needed.