CompanyWatch is a fintech company that develops data-driven advisory tools for financiers and consultants focused on SMEs. The company was founded in 2016 with the ambition to support entrepreneurs, financiers and advisors in detecting hidden continuity risks earlier. They do this with a self-developed risk-signaling methodology.
With CompanyWatch, the accountant gets more time for advising
CompanyWatch saw opportunities to further support accountants in giving data-driven advice. It became clear to them that accountants now do a lot of work that will be fully automated within a few years. From this realization came the idea for an application to make this possible. In the application, CompanyWatch wanted to offer various tools and automate a number of processes so that accountants could give better and faster advice to clients.
The Result
Hybrid solution
Thanks to the hybrid solution, CompanyWatch has the best of both Mendix and Qlik. All data entry and navigation through the app is done in Mendix, while calculating and visualizing the data is handled in Qlik Sense.
Time savings
• Repetitive and time-consuming tasks are automated • Advisors can get straight to advising • About 200 hours a year are saved per financial advisor on data collection, generating reports and working with Excel • Accountants can generate more billable advisory hours
Financiers market
The application offers many benefits for the financiers market. The financiers market also includes small banking institutions, intermediary financiers and financial institutions with financial advisors on staff. With CompanyWatch's application, they can manage their risks more easily.
“What's unique about the Toolkit is that, regardless of the SME client's accounting package, the advisor can still compare the data with each other and therefore give better advice. The advisor no longer has to dive into the accounting packages separately. The data is automatically prepared every month, so they can get straight to work with it. This way, CompanyWatch directly enables accountants and financial advisors to make the step from reporting to advising. The error-prone process of collecting data, analyzing data, and tying tables together is now a thing of the past.”
Leendert-Jan Roos
General Director & co-founder of CompanyWatch
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