Happy New Year everyone and a very warm welcome to the first blog of 2020. Over the next 4 minutes (or 717 words to be precise), I’ll be introducing you to some of the major developments you can expect from CashCalc in the coming year. And yes, you can hold us to this list!

Before we get going, I’d first like to thank each and every one of you for what was a successful 2019. Last year saw us crowned Best Technology Provider for the very first time in what was only our fifth year in operation. And a big part in that success was down to the feedback we continue to receive, so a big thank you from all of us.

Staying on the topic of feedback, there’s no doubting that our plan for this year has been heavily influenced by what you have fed back to us. From additions to the Cashflow Modeller to improved Client Onboarding, our plan for 2020 will deliver significant improvements. Let’s take a look at some of the major developments you should expect.

1. Tax

The headline development for 2020 will see tax added to the Cashflow Modeller. This means you can either continue to use CashCalc as you currently enjoy, or if you wish, start accounting for tax rates and thresholds as well as receiving insights into when your client is at risk of breaching lifetime allowance and the money purchase annual allowance. Now I’m sure this development will spark a lot of interest, but rest assured, it will not affect how simple and easy the Cashflow Modeller is to use. We expect to launch this feature during the summer, but will keep you posted throughout the year.

2. Fact Find

Last year we upgraded our Data Capture Forms to become full Fact Finds. This year we want to make them even better. So in addition to becoming part of the Client Portal (see below) and receiving a modern re-design, your clients will soon be able to add frequencies to incomes and expenses, indicate whether an expense is essential or discretionary (which will show within the Cashflow Modeller), plus automatically identify possible financial objectives based upon what they enter. You'll also have the option to add bespoke questions.

3. Client Portal

This brand-new feature is the first major development you should expect to see in 2020. Described as a client facing login area which will facilitate greater interaction and engagement, the Client Portal will initially contain the Fact Find and then receive further developments. Features such as Document Sharing and Signing (such as Client and Fee Agreements and Terms of Business), Secure Messaging and a link to your Attitude to Risk questionnaire will all be added. Your clients will also be able to view and suggest possible changes to any cashflow forecasts you publish for them.

4. Integrations

We’d like nothing more than to help you become more efficient, to embrace integrations and facilitate further engagement with your clients. Why? Because by allowing your clients to “key in” their data, you’re increasing the accuracy of the information you gather plus you’ll be able to push that data to your back office or platform, eliminating the need to “double key” any data at all. This will help streamline your financial planning process and help you become more efficient. To find out what you can do with our current integrations, or to find out what’s to come, I highly recommend you take a look at our integrations suite.

5. Support

Technology shouldn’t be complicated. It should be intuitive and easy to use. But we recognise that a little help from time to time is beneficial. Which is why throughout 2020 we will be developing our online support, so you can quickly call upon a resource to help you out should you need it. From CashCalc TV to our support section, you’ll notice continued improvements throughout the site to how we present information and how you can find it.

There we have it… our major developments for 2020. Please do get in touch to find out more information and to let us know what you think. And of course, from all of us here at CashCalc, we wish you all the very best for the year ahead.

By Joseph Williams

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