BRIGHTON, United Kingdom, 19 June 2023 — Blox, the leader in financial planning, forecasting, and modelling for Start-ups and SMEs, has announced the world’s first generative AI financial planning tool.
Currently in beta testing with selected customers, and slated for launch in September 2023, Blox’s proprietary system will enable leaders to build financial models from a simple text input, for instance “calculate revenue for my B2B SaaS company”. Users will then be presented with a fully operational financial model, with no building requirements on the user’s side. The AI will even import as much data as it can discover about the user’s business - products, team, pricing etc - which are all important factors in a financial plan. This saves the user having to manually enter their numbers, and it’s easy to replace this data with real-time data from your systems after the fact.
CEO Simon Ritchie says, “We’re building an intelligent virtual CFO to help leaders answer any financial question they have about their business. Early feedback has been hugely positive, and there’s real excitement amongst our user base of startups and other SMEs around what our technology can help them achieve”.
One early access user, the CEO of a British scale-up, adds, “What historically would have taken myself and my Finance Director several weeks and many iterations to pull together, we were able to do in mere minutes with Blox’s new generative AI functionality. It’s going to be a real competitive advantage for us in helping us make decisions quickly and with confidence.”
Blox is an AI-powered solution which helps business leaders with financial modelling and planning, without the need for spreadsheets. With our marketplace of pre-built blocks, we've taken away the complexity of building a bespoke model and sped up the planning process massively. Founded in Brighton, UK in 2022, Blox is led by a team with experience at the likes of Anaplan and Metapraxis. Learn more at www.blox.so