Bristol-based engineer and entrepreneur Martin Coulthard has launched the Numerable web app to help businesses control their finances better.
The app, unveiled at Xerocon London, enables accountants to quickly produce engaging, graphical management reports.
Martin says: “We are addressing a fundamental need for people to understand their accounts, so they can make better decisions.
Tabular reports
“Many struggle to do this using conventional tabular reports. Our app overcomes the problem using a new, highly visual way to show the information.
“It also appeals to accountants as it saves them time, so practises can offer a cost-effective reporting service to smaller clients.”
Interactive plots
Numerable imports data from Xero cloud accounting. It turns reports into interactive plots supported by automated text explanations.
Advisers can add expert comments, create presentations and export to PDF. The company has applied for patents for its novel user interface, which has 1-click charting and needs no configuration.
Bristol-based metrology company Third Dimension is a pilot user.
Financial reports
Its accountant, Natalja Beesley, says: “I prepare financial reports in Numerable for our board meetings. The interface is very simple and easy to use.
“I can quickly identify the key points I want to get across, choose different plots that illustrate them, and add my comments. It’s great to come to each meeting with confidence that I’m ready to give a well-structured, engaging presentation.”
Numerable has been approved by Xero as a Connected App and is available with a free trial through numerable.io and the Xero App Marketplace.