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Clockwork

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Company health

Employee growth
23% increase in the last year
Web traffic
No change in the last quarter
Financing
June 2023 - $6M

Ratings

G2
4.8/5
(37)

Clockwork description

Clockwork is an AI-powered financial planning and analysis (FP&A) software designed for accounting firms and small to medium-sized businesses (SMBs). It aims to simplify and expedite financial management tasks like cash flow forecasting, budgeting, and financial reporting. By integrating with popular accounting software like QuickBooks and Xero, Clockwork promises to automate data input and generate reports in minutes. The software features tools for headcount planning, scenario analysis, and custom metric creation. Clockwork emphasizes its ability to free up time for businesses to focus on client relationships and strategic decision-making.


Who is Clockwork best for

Clockwork is an AI-powered FP&A software simplifying financial management for SMBs and accounting firms. It automates tasks like cash flow forecasting, budgeting, and reporting, integrating with QuickBooks and Xero. Users praise its user-friendly interface, excellent customer support, and powerful forecasting capabilities, while some note areas for improvement in onboarding and multi-account assumptions. Clockwork helps businesses save time and gain valuable financial insights.

  • Best fit for small to medium-sized businesses (SMBs).

  • Ideal for accounting firms and businesses seeking streamlined financial planning.


Clockwork features

Supported

Clockwork allows creating and comparing different cash flow scenarios based on various assumptions.

Supported

Clockwork integrates with QuickBooks Online and Xero for financial management.

Supported

Clockwork provides AI-powered cash flow projections up to 65 weeks in advance.

Supported

Clockwork supports budgeting, forecasting, and financial planning, including what-if analysis.

Qualities

We evaluate the sentiment that users express about non-functional aspects of the software

Customer Service

Strongly positive
+1

Ease of Use

Strongly positive
+1

Reliability and Performance

Rather positive
+0.43

Ease of Implementation

Neutral
+0.25

Clockwork reviews

We've summarised 37 Clockwork reviews (Clockwork G2 reviews) and summarised the main points below.

Pros of Clockwork
  • User-friendly interface and easy setup.
  • Excellent customer support, highly responsive and helpful.
  • Seamless integration with QuickBooks Online (QBO).
  • Powerful and customizable financial modeling and forecasting capabilities.
  • Automated data input and report generation, saving time and increasing productivity.
  • Scenario planning and "what-if" analysis features.
  • Real-time financial data and insights.
  • Valuable for both finance professionals and non-finance users.
Cons of Clockwork
  • Inability to apply assumptions to multiple accounts simultaneously, requiring repetitive rule creation.
  • Initial onboarding and training could be improved.
  • Some reports can be slow to load.
  • Limited multi-currency support.
  • Jira integration has occasional bugs.
  • Payroll cash flow prediction can be difficult.

Clockwork pricing

The commentary is based on 5 reviews from Clockwork G2 reviews.

Clockwork is praised for providing substantial value relative to its cost, particularly for its financial planning and forecasting capabilities. While one review mentions it being expensive, they also acknowledge its worth. Users highlight the software as a "no-brainer investment" due to its time-saving automation and insightful financial modeling.

See the Clockwork pricing page.

  • Clockwork has a free trial.

Insight
$59 per month

For SMBs who want more visibility into their finances. Includes: Clockwork's Intelligent forecasts and projections, 12-month financial projections, 12-month cash flow forecast, 18 Standard Metrics.

Predict
$499 per month

For companies who want control over their financial levers. Includes: Everything from Insight, Weekly Cash Flow Forecast, Headcount Planner, Driver-based forecasting & unlimited Scenario Planning.

Ultimate
$999 per month

For complex companies that need CFO-level insights. Includes: Payroll System Integration, Dedicated Clockwork Coach, Consolidated Forecasting for up to 5 entities, Priority Support and Training.


Clockwork alternatives

  • Logo of Jirav
    Jirav
    Financial planning and analysis platform. Automated reports, insightful dashboards.
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  • Logo of Reach Reporting
    Reach Reporting
    Beautiful automated reports and dashboards. Financial insights simplified.
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  • Logo of Fathom
    Fathom
    Privacy-focused website analytics; simple, beautiful, and insightful.
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  • Logo of Planacy
    Planacy
    Financial planning and analysis platform automating budgets and forecasts.
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  • Logo of Drivetrain
    Drivetrain
    AI-powered financial planning and analysis for smarter decisions.
    Read more
  • Logo of Solver
    Solver
    Cloud-based financial planning: budgeting, forecasting, reporting, analysis.
    Read more

Clockwork FAQ

  • What is Clockwork and what does Clockwork do?

    Clockwork is AI-powered FP&A software for accounting firms and SMBs. It simplifies financial planning, budgeting, and reporting by integrating with accounting software like QuickBooks and Xero. Clockwork automates tasks, freeing up businesses to focus on client relationships and strategic decisions.

  • How does Clockwork integrate with other tools?

    Clockwork integrates with QuickBooks Online and Xero, automating data input and report generation. This accounting software integration streamlines financial management tasks, saving time and enhancing accuracy for financial planning and analysis.

  • What the main competitors of Clockwork?

    Clockwork competes with other FP&A software like Jirav, PlanGuru, and Vena. Jirav targets similar SMBs, while PlanGuru focuses on budgeting and forecasting. Vena serves larger businesses with a cloud-based Excel-like interface. G-Accon offers reporting within Google Sheets, while HelloScribe focuses on AI-driven business plan creation. SAP Concur focuses on expense management.

  • Is Clockwork legit?

    Clockwork appears to be a legitimate software. It integrates with QuickBooks and Xero, offers a 14-day free trial, and has generally positive user reviews regarding ease of use and customer support. However, some users mention potential drawbacks with multi-account assumptions and initial onboarding.

  • How much does Clockwork cost?

    Clockwork offers three pricing plans: Insight at $59/month, Predict at $499/month, and Ultimate at $999/month. These plans cater to SMBs, growing companies, and complex enterprises, respectively. A 14-day free trial is also available for businesses to explore Clockwork's product pricing and features.

  • Is Clockwork customer service good?

    Clockwork's customer service is consistently praised in reviews. Users describe the support team as "top-notch," "amazing," "responsive," and "always available." They appreciate the personalized onboarding and readily available assistance for troubleshooting and customization.


Reviewed by

MK
Michal Kaczor
CEO at Gralio

Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.

TT
Tymon Terlikiewicz
CTO at Gralio

Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.

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