Accelerate payments from your clients
Boost your cash flow by using our cloud-based solution to negotiate payment terms with your clients
Improve control over your cash flow by monitoring clients’ payment terms
Built by financial experts, MYminiCFO helps your finance teams reward clients by designing payment incentives that fit your goals
Craft the most relevant client incentive strategy and put it on autopilot
Integrated with your ERP, MYminiCFO estimates the financial impact of your incentive program and automates the full invoicing workflow
1/ Set up a customized client incentive program
We help you craft your invoicing strategy
Our software is integrated with your ERP. We use it to recommend client incentive programs by using your financial profile to predict the impact of the changes.
You can adopt one or more among these 5 strategies:
2/ Automate your client incentive process
We send invoices & incentive offers to your clients
We record your clients’ choices
We transfer the data to your ERP system in real time
After we send invoices to your clients and record their decisions, we automatically update your invoice records and provide financial forecasts in your ERP system.
3/ Track the performance and financial impact of your program
We provide a detailed analysis of your performance that allows you to fine tune your strategy
The actual performance and financial data for each incentive is provided in real time.
How it fits into your ecosystem
Here’s why MYminiCFO is right for your business
- B2B or Supplier
- High Working Capital Needs
- Many Late-Paying Clients
- Limited Credit Access
- Seasonal Business
- Rapid Growth
- Subscription-Based Business Model
- Shortening Payment Terms
- Reducing the Gap between DSO and DPO
- Disciplining Slow Payers
- Avoiding Loan Burdens
- Reducing Seasonal Fluctuations
- Minimizing Working Capital Needs During Rapid Growth Periods
- Increasing Revenues By Lengthening Subscription Periods
Frequently Asked Questions
How can we help?
Here are the most common questions about our solution. For other questions, please use the “Contact us” button.
How does it work?
MYminiCFO is cloud-based software.
Clients access the platform via any traditional browser (Chrome, Firefox, Safari, Internet Explorer).
Our solution is integrated with Xero, Quickbooks and Sage Intacct, making it more convenient to access invoicing, financial data, and your clients’ contact information. However, it can operate independently.
How do I know these client incentives are relevant for my business?
We use our platform to analyze your cash flow and margins using data from your ERP system. We use this data to recommend appropriate incentives.
Request a demo to try it out for yourself!
Is it a good fit for my company's needs?
We all may face exceptional (or seasonal) cash shortfalls. We may also urgently need to finance growth or new investments.
In contrast, when cash flow is abundant, we may generate additional revenues, by making credit sales.
In any case, MYminiCFO will help you optimize your financial performance and you may see its effects on the first day.
What does the client workflow look like?
After the platform sends e-invoices and incentives to your clients, they can access their own MYminiCFO interface (all they need to do is click on a link provided in the email), where they may make their choice.
The platform will then automatically update cash and revenue forecasts in your ERP system.
How is my data secured?
We prioritize your data security.
All data transmission is encrypted. Your data is secured with up to 256-bit TLS encryption (as protective as most online banking and shopping platforms). We also support a wide variety of cyphers for our communications, ensuring the highest level of encryption that your browser supports.
Most data is stored on our Canadian servers and physical access is highly restricted.
Will it integrate with my ERP?
MYminiCFO is currently integrated with Xero, Quickbooks, and Sage 300. If you have another ERP or wish to suggest one, please contact us.
What type of incentives are provided?
We automate five types of client incentive programs for our clients:
- Immediate cash discounts
- Cashback offers
- Client credits (applicable on following invoices)
- Discounts for longer invoicing periods
- Credit sales (with or without premium on invoicing amount)
If you’d like to adopt another client incentive, please send us a message (in the “Contact Us” section).