Digits Advisory Tools: Now in Labs

I’m excited to share a set of new tools we’ve been building: Digits Advisory Tools!

Digits Advisory Tools

Digits Burn and Digits Sales, the first two tools in our Advisory Tools, kicks off our goal with these tools to make you the ultimate advisor.

Wow and dazzle your clients with incredible visibility and insight -- at a moment’s notice.

Built on top of our powerful Living Model, our team took a massive leap forward using machine learning and AI to give you the power of an entire team of analysts. Individually - for every single one of your clients!

No setup required. Just click on the icons on your dashboard and it’ll just work, fully preconfigured for each of your clients.

Incredible advantage

Now you won’t need to spend hours pouring over financials to do analysis to find the perfect nuggets for your client. Let your competitors do that time consuming work.

Meanwhile, you and your team will be deep diving into clients with speed and ease to drive real value to your clients. Now, a bit more about these groundbreaking advisory tools:

Digits Burn

Burn helps drive efficiency and time savings by unlocking the power to deep dive into the financials of a company. It’s not just a peek, but an open window into your clients spend. In real-time.

Understand the story of your clients business. All in one place.

Running a variance analysis is a thing of the past. From the top line chart of accounts, down to the transaction level details, Burn does the work for you, highlighting the largest changes in a business. Immediately.

Want to dive deeper? We’ve built other features to help your advisory work for each individual client:

Vendor Analysis. Automated.

No more downloading Vendor lists manually only to then run an analysis in a spreadsheet. Understand the top contributors to each area. Instantly.

Need a prepaid schedule? Stop hoping the client will remember all their recurring spend. Digits will flag it all for you. Instantly.

The hassle of knowing top vendors for a 1099 is a thing of the past. Burn saves you from stressful vendor analysis. Pull the list instantly.

Category Analysis. Automated.

Understanding the largest contributors to spend over time has never been easier with category deep dives. Cut the waste.

Expense Transaction Feed.

Burn has transaction lists so bank reconciliations can be done in a snap. Never be afraid of what’s missing.

Digits Sales

Sales helps drive efficiency and time savings by unlocking the power to deep dive into the financials of a company. Get a full understanding of your clients customers and revenue. In real-time.

Know what customers are driving the most impact. In one place.

Know which customers are impacting your sales in seconds. With top growth/decline lists, Sales brings the information straight to you.

Just how an almanac pulls out the highlights for every year and month through history, do the same with Digits Sales insights. Need to give revenue guidance to your client? Know the answer in seconds.

Want to dive deeper? We’ve built other features to help your advisory work for each individual client:

Automated Customer Analysis

Stop diving through CRM systems, downloading data, and mixing it with your ledger data to see what accounts are driving revenue.

Pull a list of top customers in seconds with rich growth/variance attached. No more manual calculation and downloading data to mix and clean it on your own.

Revenue Category Analysis.

Instantly understand churn through category analysis in Digits Sales. Never guess what your growth was against refunds and returns again.

Optimize your clients sales. Know who asked for refunds so that your client can reach out and optimize their sales.

Revenue Transaction Feed.

See what customers are paying you on time so you have full clarity on when your clients are being paid and when they can put that income to action.

Getting access to Digits Advisory Tools

(Labs-access required - request access here)

Setting up Digits Advisory Tools

No setup required. Seriously.
(It automatically did it - already saving you time!

Launching Digits Advisory Tools

Once Digits Burn and Digits Sales are unlocked, just click their icons in your springboard to start. That’s it. It’ll just work.

We hope you enjoy Digits Advisory Tools (request access below to unlock). Please let us know below feedback and thoughts - we will roll that into the next release.

-Andrew

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This is so great! Will I be able to get access?

Thanks for asking @Bridgett Rowland and I was able to get Burn and Sales unlocked for you. Looking forward to your first thoughts and feedback!

Good Morning,

Could you grant me access to the advisory tools. Thanks.

All set @Liveoakbk Burn and Sales are enabled for you! Can’t wait to hear what you think :)

Could I please have access?

Hey @Kip McCauley yes! Burn & Sales have been unlocked for you. Let us know what you think and what we could make better :)

I love the Sales and Burn reporting! However, I don’t know how I can give my client access to these reports. They are the ones that will really geek out over this stuff. I’d love to send them something weekly, but I don’t see a way to send reports like I do in the Report Builder feature. Any help with this?

@amcnary love hearing that and thanks for the feedback! Quick clarifying question -- which parts of Burn and Sales would you like to share directly with your clients?

Well, I’d like to share all of it with them. When I use the Report Builder feature, I’m able to email the reports directly to the client. However, I don’t see a way to do that with Burn or Sales. Is there a way to give the client direct access to Digits so that they are seeing all of the features (Report Builder, Boost, Sales, Burn, etc) and then they just log in to whatever feature they want? I’d rather be able to send them reports when I know the work in QBO has been updated and is accurate before they just log in and start poking around - but either way, I don’t see how to give my client access. Can you help? Thanks!!

Thanks @amcnary this is extremely helpful! For Burn and Sales, I’d be interested to know if this workflow would work for you and your clients. From Burn, click on:

Categories
Expenses
Share

Does this work? Do you need something different? It would give them access only items within Burn, but they can explore within all expenses. You could also share Sales in a similar fashion.

Hmmm this could work. I think it would be better if the “Share” feature was on the initial Burn page. Otherwise, I will have to send two reports. I’ll have to get into the “Expense” section and “Cost of Goods Sold.” With Sales, I can get away with just sending the “Income” report since all revenue categories are under “Income.” However, I think by having the share feature buried within the tabs, the client will be missing out on the graphics and charts that show up on the initial page. That’s the good stuff that I want them to see. They are not as likely to dig into the details like I would be….they want to see the pretty graphs and the visuals to tell them the story.

Thanks @amcnary for the detailed feedback! Definitely understand how this works on income, and it also isn't ideal for Burn with Expenses and COGS. I'll chat with the team about making it possible to share from the initial pages.

Awesome! My bigger clients will love seeing these reports!

Hello,
I received the email welcoming to Labs, but I don’t see the Advisory Tools.

Please unlock.

Thank you!

Hey @Ronald Ospino Apologies for the confusion. You can access these tools, albeit with slightly different names by clicking on the “Analysis” tab in the sidebar of your Digits dashboard.

May I please have all advisory tools? Thank you.

You’ve got them @Kelly Marcella You can access these tools, albeit with slightly different names by clicking on the “Analysis” tab in the sidebar of your Digits dashboard.

Could I please have access to burn, sales and fuel? Thank you.

Hey @JDB You should already have access to these under the “Analysis” tab. These features were renamed to “Expenses” and “Revenue”

Oh ok. Got it. Thank you !