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Benefits of integrating Powdr
**Coming soon**
By integrating FreeAgent with Powdr, accountants and bookkeepers can easily pull key financial data such as Profit and Loss and Balance Sheet figures, directly from FreeAgent into Powdr. This integration ensures the financial model is instantly structured to match the existing data, saving time and reducing errors. You can also group the data in ways that make the most sense for your client or your firm’s reporting needs, enabling quicker and more tailored model creation.
Once the structure is set up, accountants can shift their focus from manual data entry to value-added activities like strategic planning and forecasting. Powdr allows you to easily import actuals from the last two years which provides an accurate historical overview and keeps the model aligned with your client’s financials. The integration eliminates the need for constant manual updates.
Each month, as new actuals are entered into FreeAgent, the Powdr model can be refreshed with a single click. This real-time update feature means that accountants and bookkeepers can spend more time on high-value activities, like variance analysis, identifying trends and advising clients based on up-to-date financial data. Should the business environment change, reforecasting is a breeze, empowering you to respond proactively and provide clients with actionable insights.
How Powdr works with FreeAgent
**Coming soon**
Powdr’s integration with FreeAgent offers a seamless connection to your FreeAgent account, allowing you to link the relevant company directly to a specific financial model in Powdr. Once connected, Powdr pulls through up to two years of historical financial data, ensuring you have the necessary context for building your financial model.
You’ll be able to map each line of data from FreeAgent to a corresponding line in your Powdr model, making it quick and easy to set up a model that aligns perfectly with your existing data. This integration saves valuable time, eliminating the need for manual data entry and enabling you to start forecasting straight away.
After the initial setup, each month as your numbers are finalised in FreeAgent, you can update your Powdr model with just a few clicks. The process is quick and efficient, allowing you to focus on analysing business performance rather than manually updating figures. This means you’ll always have the most up-to-date financial data in your model, helping you make more informed decisions with ease.
How do I get started with Powdr?
**Coming soon**
You can connect FreeAgent with Powdr by following these steps:
- Log into Powdr and select ‘create project’ from your home screen.
- Choose your model type from the options.
- Toggle ‘enable integrations’ and select ‘add new integration’.
- Select the FreeAgent tile.
- Log into FreeAgent from the window and select the company on FreeAgent that you want to link to the Powdr model.
- Allow Powdr a few seconds to set your project up.
- Select the ‘Integrations’ page and build a model by mapping each line of your data from FreeAgent to its relevant place in the Profit and Loss or Balance Sheet on Powdr.
- Save your mapping and import your data.
You then have the base of your model and your historical transactions mapped in and ready for you to focus on the strategic forecasting element within Powdr!
