This New Online Tool Creates a Picture of Your Cash Flow

pnc cash flow insight

PNC Bank has a new online tool that’s designed to create a picture of your company’s cash flow. Cash Flow Insight is being marketed to small businesses.

The tool puts all your financial interactions in a single format and tracks each transaction telling you where money is coming from and where it’s going, the company says. It has three main features:

  • Payables
  • Receivables
  • Accounting Software Sync

PNC Bank’s Deputy Manager of Business Banking Troy Baker explained in an official release:

“We recognize the challenges our small business customers face, finding the time and resources to effectively manage their money. With these enhancements to Cash Flow Insight, business owners can stay organized and focused, as well as manage and forecast cash flow to make strategic business decisions in one place online.”

Rather than having a desk full of unorganized paperwork, Cash Flow Insight uses a single online dashboard to display all of your interactions. PNC says Cash Flow Insight can sync with accounting software small businesses already use.

The PNC website claims it is compatible with:

  • QuickBooks for Windows
  • QuickBooks Online
  • Sage 50
  • Intacct
  • NetSuite
  • Xero
  • Thomson Reuters
  • Microsoft Dynamics GP
  • Microsoft Money
  • Microsoft Office Accounting

PNC says Cash Flow Insight can also speed up your receivables by creating invoices that your customers can pay online. The company says the tool can integrate agreed-upon terms you’ve reached with some customers on when those payments should be made. Cash Flow Insight creates an invoice with your business logo and sends it to your customer, who can make a payment right from the invoice.

Of course, just as important as the money coming into your business is the money going out. Cash Flow Insight is also designed to track the money leaving your business. PNC says the tool also allows your business to schedule payments — including recurring payments — as needed.

The tool is also designed to offer short and long term financial forecasts for your business based on is monitoring of your company’s cash flow. Here’s more detail on how the tool works:

Of course, to use this feature, you need to be a PNC customer. The bank is offering a free trial run to small businesses for their current and next two statement periods. Businesses using Business Enterprise Checking, Industry Solutions Checking or Retail Businesses Checking won’t be billed for the trial period.  All these accounts include online banking features.

Afterward, there is a $10 per month fee to use the Payables, Receivables, and Accounting Software Sync features. There is also a per-transaction fee that is taken out monthly after the trial, according to PNC’s website.

Image: PNC


Joshua Sophy Joshua Sophy is the Editor for Small Business Trends and the Head of Content Partnerships. A journalist with 20 years of experience in traditional and online media, he is a member of the Society of Professional Journalists. He founded his own local newspaper, the Pottsville Free Press, covering his hometown.

2 Reactions
  1. I wish it were being offered for free as incentive to remain a customer of the bank.

  2. Couldn’t agree more, Robert.

    I’ve found, though, that some things like these often pay for themselves over time simply because they keep me more organized. Financial statements and all that paperwork get messy after a while. And having your activity (and even forecasts) in a neat and tidy, easy-to-view format is definitely a plus … especially when it comes time to present this information to others.