ForwardAI is a simple, single, and lender-first API that delivers the most robust accounting & financial data suite for small business lending.
Through our API, we provide 3 main value propositions:
- Accounting Data Integration: Single API provides easy & instant access to real-time accounting and financial data of your business clients. We support more than 15 accounting systems and extracted data is normalized for ease of use in the lending process.
- Historical & Forward-Looking Data: Lenders get access to 3 years of historical data (variances, trends, KPIs, etc.) based on 160+ data points. Our innovative technology further predicts 100+ data points including cash flow, income, expenses, etc. to better predict a small business’s future financial viability.
- Validation of Accounting with Banking Data: We cross-reference business data with banking data to speed up business lending decisions. Cross-validation is done by smart mapping transactions in both the accounting system and multiple bank accounts that a business may be using to bring better transparency and trust.
Lenders use the pioneer ForwardAI Precise API to create custom integrations with their existing software or use ForwardAI Access as a streamlined white-label lender portal for viewing small business data for innovative loan offerings.