Cashforce is an innovative Cash forecasting & Working Capital Platform, focused on automation and integration.
Cashforce helps finance/treasury departments save time and money by offering accurate cash flow forecasting, flexible treasury reporting & automation.
Cashforce was founded in 2012 by Nicolas Christiaen & Bart Claes. The company is is headquartered in Antwerp, Belgium with additional offices in Ghent, Amsterdam, Copenhagen, London and New York City.
Cashforce is unique in its category because it allows users to drill down to the transaction level details and the system integrates seamlessly with ERP systems & banking systems.
Cashforce platform can be set up very quickly, even in the most complex environments (multi-currency, multi-ERP,…), seamlessly connecting with any ERP system. Smart algorithms are applied providing pro-active optimization actions to generate a highly accurate forecast. The intelligent simulation engine enables companies to consider multiple scenarios and measure their impact.
Cashforce has proven its value in various complex environments, including environments where in-house banking, cash pooling, POBO, ROBO, etc. are used. The company's platform is being used in over 140 countries across multiple industries such as Manufacturing, Distribution & Retail, Transportation, Logistics & Professional services.
Cashforce is backed by INKEF Capital, Citi Ventures, Volta Ventures, and Pamica NV. The company raised €5M from a Series A financing on Oct 15, 2019. This brings Cashforce's total funding to $9.1M to date.