On initial import, Clockwork leverages up to 3 years of data from your accounting source to generate your Financial Model, Cash Flow Model, and Metrics, but that's not where the magic stops...
Clockwork syncs with your accounting source once every hour to ensure your models and metrics remain accurate and up to date!
Financial Model
Clockwork incorporates 3 years of account data, trends, and seasonality to build out your intelligent baseline forecast. The more recent the data, the more heavily weighted it is; this is to ensure your intelligent forecast accurately represents the current state of your business while taking into account your business history.
All forecasts carry assumptions - your intelligent forecast is no exception. Since your intelligent forecast is purely based on past data, it assumes that you won't be making any operational changes to your business and that there will be no changes in your market.
However, Clockwork will never know as much as you do about your future plans. If your business plans have implications for your revenue or expense accounts, you should dial your baseline forecast by building Assumptions to override Clockwork's baseline forecast.
Cash Flow Model
Your intelligent Cash Flow Model is driven by 2 things:
The baseline forecast from your financial model (including Assumptions)
Company-specific cash timing behavior that Clockwork learns from 6 months of your transactional data, such as how your revenue and expenses drive cash movements.
Similar to your baseline forecast, you can leverage your knowledge of your business to further dial in your Cash Flow Model through balance sheet entries, and editing overdue and upcoming bills and invoices.
Metrics
Clockwork leverages your accounting data to drive insights into your business performance by giving you 16 metrics you can toggle on or off out of the box.