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NewProduct

• Dynamic cash flow view: Monit users can scroll
through probabilistic forecast models based on pre-
dictive intelligence. The Monit cash flow engine is
based on human insight and machine learning to
provide highly accurate forecasts over time.

• Events: Monit users can review upcoming business
events, such as new staff hires, equipment purchases
Financial forecasting, and rent increases. These graphic illustrations reduce
future impact by identifying cash flow threats and
opportunities.
accounting expert in • Key numbers dashboard: Monit users can view ac-

counts payable, accounts receivable and data-driven
your pocket recommendations on a secure dashboard. This en-
ables users to analyze and compare projected and
historical revenue and follow up on overdue accounts
onit, a predictive intelligence technology pro- with a few keystrokes.
vider, launched a mobile financial platform • PPP loan forgiveness: Monit users receive tailored
designed to help small and midsize busi- suggestions to help them obtain maximum forgive-
M nesses (SMBs) manage and forecast cash flow. ness and navigate key decisions about the loan.
Using patent-pending predictive and mobile technologies, Monit monitors transactions in real time, providing
the platform can streamline finance. Among its benefits is insights, showing how close the company is to for-
simplified compliance for companies that have enrolled in giveness, how much they need to spend and when
the Payroll Protection Plan (PPP), company representatives the company has reached forgiveness.
stated.
A timely solution
"Managing PPP loan forgiveness can be a hard and
confusing process," said Dave Batista, head of customer Monit is a market-ready solution that combines predictive
experience and founding member at Monit. "We've tried to intelligence and banking expertise. Designed to address
make it as easy as possible. Monit recognizes whether your major pain points in the small business community,
company has a PPP loan, then asks if you want help. It's the the solution helps business owners predict cash flow,
way technology should work to help you." derive actionable insights and save money, company
representatives stated.
Steve Dow, Monit co-founder and CEO, agreed that the PPP
forgiveness feature is an example of how Monit solves issues Monit currently partners with U.S. community and regional
for business owners. "We created a way for small business banks that provide Monit services to SMB customers.
owners to keep tabs on their current cash position and Monit pointed out that its timely, contextual engagement
predict where it will be down the road, all easily available and advanced reporting capabilities can help participating
on their phone," he said. "With Monit, [SMBs] can focus on banks forge deeper relationships with their business
the work they're passionate about, but still know that when customers.
it comes to financials, they're on it."
Batista noted that for a limited time, small businesses can
How it works obtain Monit's services and app at no charge. In addition
to alleviating duress and simplifying PPP forgiveness and
Dow went on to say that business owners can obtain compliance, Monit can help them leverage technology to
Monit through community banks and get started quickly plan and achieve primary business objectives, he stated.
by activating the app and linking it to their existing "When was the last time your accounting software noticed
accounting software. Enrolled users do not need to enter something and asked you about it?" Batista said. "The PPP
accounts manually because Monit's web application works forgiveness feature is one of the best examples of how
in the background on phones, tablets and desktops without Monit is more than accounting software. It's an accounting
requiring a download, he noted. expert in your pocket."

"The solution is not generic and it doesn't feel like a
spreadsheet," Dow said. "It feels like something that you Company: Monit
can interact with, that evolves over time into data models Product: Monit
of your business." Following are additional application
features and benefits mentioned by Monit: Website: www.monitapp.io
Contact: info@monitapp.io

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