Predictive Black Ltd
Founded: February 2019
Products: A cloud-based financial solution that provides machine learning based predictive forecasts for cash flow. Additional products include predictive forecasts for revenue and costs, scenario planning, benchmarking of business performance to a sector, industry data, and client and supplier working capital based management.
Overview: Predictive Black provides an AI powered cashflow forecasting. By aggregating financial data via Open Banking, accounting and industry specific data with machine learning and AI, predictions for cash flow are delivered to dashboards presenting information to support critical business decisions. Additional functionality such as predictive forecasts for revenue and costs, scenario planning, industry data, benchmarking and supplier and client management have all been incorporated into the product offering.
The core functionality offers treasury professionals real-time and automated connection, visualisation and analysis of up to date data. Further viable use cases have been introduced as the product has developed. The integration of Open Banking with its access to detailed historical bank transaction data facilitates underwriting and validation of company information to make credit and lending decisions, while also enabling the monitoring of the quality of business credit and lending portfolios.
In November 20222 it was announced that US-based FatBrain AI had acquired Predictive Black.
Clients: Commercial financing providers, multi-chain retail groups, holding companies/PE firms with multiple portfolio companies.
Active region(s): UK. US and EU expansion planned.
Funding: Self-funded to date by the founders.
Ownership: 100% owned by the founders.
Elevator pitch: “Predictive Black takes the pain out of planning for the future by providing AI-driven predictive forecasts for cash flow. You get cash visibility and perfect cash flow forecasting whilst saving time, money and eliminating manual processes. A company simply needs to provide its historical data, either through automated banking or accounting connections. Predictive Black supplies the AI and machine learning capabilities, the industry data, and the data integration tools. This is then all combined to deliver the much-needed predictive cash flow forecasts to support critical business decisions. There is minimal integration, it’s intuitive to use and data is always up-to-date, providing you with greater automation, visibility and control over cash and liquidity.”
Email: [email protected]
Phone: +447770 303 277
TMI view: Forecasting accuracy is good to have at the best of times. When times are troubled and the top line is volatile, forecasting accuracy for revenue, as well as costs and cash, could be a life-saver. This technology offers an advanced cloud-based way of assisting decision-making, and it enables rapid scenario planning to assist with the unimaginable.
Verdict: A valuable solution that will grow exponentially with the right funding.