Jun 14, 2024

Excellent Questions, Pretty-Good Answers Part 2: What Does Bilanc Actually Do?

Samuel Akinwunmi

In the previous post, we addressed why Bilanc should matter to you. Now, let’s explore in depth what our platform actually delivers, ensuring you understand how it can revolutionise your approach to financial data and profitability.

Excellent Question #2: What Does Bilanc Actually Do?

Bilanc is a comprehensive finance analytics platform designed for businesses that are ready to move beyond basic financial management to more sophisticated, data-driven strategies. With our technology, here’s what you gain:

Real-time Profitability Analysis

Imagine having the ability to view up-to-the-minute profitability for each of your customers. Bilanc enables this by integrating your financial and engineering data, allowing for dynamic calculation of customer profitability and unit economics. This means you can see exactly what's generating profit and what isn’t, anytime you need.

Cost Allocation with Precision

We go beyond traditional accounting methods by allocating direct vendor costs to each customer based on their specific actions and usage. This approach not only ensures accuracy but also provides clarity on where your resources are truly going, empowering you to make informed decisions about cost management and efficiency.

Dynamic Pricing Optimisation

Pricing isn’t just about covering costs; it’s about strategic positioning and maximising profit. Bilanc helps you optimise pricing across different customer cohorts, taking into account their behaviours and your business objectives. This ensures that you’re not just competitive but also profitable.

Trend Analysis and Forecasting

With Bilanc, diving into your data becomes simpler and more insightful. Our platform helps you identify and analyse profitability trends over time, offering forecasts that aid in long-term planning and strategy. This is crucial for staying ahead in a rapidly changing market.

Integrated Platform

Bilanc integrates critical financial analytics tools in one easy-to-use platform. Whether it’s detailed financial reporting, cost analysis, or profitability forecasting, everything you need to manage your finances effectively is at your fingertips.

In conclusion, Bilanc does more than just report data—it transforms it into actionable intelligence that drives better business decisions.

In our next post, we’ll look at "How Does Bilanc Integrate Into Your Existing Systems?" to give you a clearer picture of how easy it is to get started and see the benefits.

Stay tuned, and discover how simple and powerful transforming your financial data can be with Bilanc.

Samuel Akinwunmi