Cash Flow Modelling Software Research

Following our retirement research, where we identified solutions for generating retirement income, we also noted the importance of the ongoing review of investment objectives when preparing for and during retirement. We feel there is a role for cash flow models to play in the review process, to help illustrate a client’s current financial plan and the likelihood of meeting their long term financial objectives in retirement. In many cases, client expectations on the savings needed to retire and the level of sustainable income they can withdraw in retirement differs from the reality of their circumstances. Cash flow modelling software, designed well, could be a useful tool to document this and make changes to their financial plan.

We have expanded on our current technology page on cash flow solutions, to build a comparison spreadsheet of the main requirements we feel firms would consider when selecting a cash flow modelling software provider. The research also aims to give advisers a better understanding of the functionality of cash flow modelling software. Interestingly, we have not seen any third party qualitative research for reviewing or rating cash flow modelling software providers. Some software providers have notified us of third party awards, but this still doesn’t capture the functionality or service delivered by the cash flow provider, to make an informed selection. We have identified cash flow software providers that are being used by threesixty clients and have undertaken a survey with these providers to compare cash flow software features. If we do not feature a cash flow software provider that is of interest, please feel free to get in touch.

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