Financial Insights will amplify your advisory by identifying the key KPIs and metrics to serve to your clients — along with summaries that explain the "why" behind the data.
What is it?
Insights, powered by Google and releasing in Q1 of 2024, is your essential partner in sophisticated financial storytelling. This revolutionary feature is engineered to provide firms with pivotal consultative advisory information, allowing them to craft and curate nuanced, informed financial narratives to their clients. Insights offers a diverse suite of tools including intelligent benchmarking against competitors, AI-generated performance notes, elaborate income statement summaries, and in-depth written insights derived from analytical data.
Why does it matter?
In today’s data-driven landscape, Insights is a critical companion for firms seeking to deepen their advisory roles, providing richer, more contextual understanding of clients' financial scenarios. By enabling firms to benchmark client performance against industry peers and deliver enlightening insights into their financial conditions, Insights promotes enlightened decision-making and strategic initiatives. This enhanced level of advisory is vital for reinforcing client relationships and enriching the client experience, positioning firms as invaluable strategic partners.
How does it work?
Insights integrates seamlessly with Google to create unparalleled financial narratives, allowing firms to generate insightful, analytical performance notes that elucidate the reasons behind a client’s financial standing. Firms can utilize Insights to produce detailed income statement summaries, reflecting net income, COGS, gross profit, and total expenses, including their variations over time. This integration empowers firms to present articulate, data-driven insights, helping clients to fully grasp their financial positions and trajectories, which includes:
- The ability to benchmark a client’s performance against other companies in their field
- AI-generated performance notes that provide the “why” insight into a client’s current financial state
- An income statement summary that offers net income, COGS, gross profit, and total expense including changes over time
- Written insights based on the numbers that firms can share with clients.
What Now?
Get ready to transform your financial advisory services with Insights, arriving in Q1 of 2024. Keep an eye out for more detailed information and enhancements as the release date approaches.