Causal is a comprehensive finance platform designed specifically for startups. Based on the information from the website, here’s an overview of what Causal can do:
- Financial modeling: Causal allows users to create dynamic, live-updating financial models and forecasts with built-in tools for modeling uncertainty. It’s described as easier to use and more flexible than traditional spreadsheets.
- Financial statements and reporting: The platform consolidates financial statements, ARR reporting, forecasts, budgets, and scenario plans in one place. It can pull historical data directly from QuickBooks or Xero.
- Revenue analytics: Causal integrates with Stripe to provide customizable metrics and analytics. Users can drill down into charts and tables without switching to other applications.
- Automated updates: The platform automatically rolls forward models each month, comparing versions against actuals to understand variances.
- Detailed forecasting: Users can create bottom-up plans and forecasts with as much detail as needed, starting from provided templates.
- Headcount planning: Causal offers tools for modeling current team costs and planned hires, helping businesses understand the impact on their bottom line.
- Multi-entity consolidation: For businesses with multiple QuickBooks or Xero entities, Causal can handle currency conversion and consolidation automatically.
- Real-time notifications: The platform can send notifications about customer changes via email or Slack, and provide weekly or monthly ARR summary emails.
- Scenario planning: Users can create and compare different business scenarios easily.
- Visualization and presentation: Causal can automatically generate dynamic presentations based on the financial models created.
Overall, Causal aims to simplify and streamline financial planning, forecasting, and reporting for startups, offering a more dynamic and user-friendly alternative to traditional spreadsheet-based financial modeling.
