Frequently Asked Questions (FAQs)
We work with growing small and mid-sized businesses, with 10 to 1,000 employees. Our clients manage AP & AR, forecast (or aim to forecast) cash flow, and use QuickBooks Desktop, QuickBooks Online or Oracle NetSuite as their General Ledger application
General Ledger applications primarily aid with accounting and bookkeeping, supporting basic bill pay, invoicing and payroll capabilities. By contrast, we help businesses with working capital needs: to predict cash flows and optimize liquidity. Centime complements General Ledger applications by integrating directly with them and drawing on General Ledger data to help optimize cash flow
Our survey of prospective clients suggests that proper cash flow control and management is a best practice for every business. The best run businesses have processes in place to ensure that their cash flows meet goals and expectations — not only to ensure survival, but also to manage their stated cash goals and to support strategic growth-related investments.
While many businesses understand the need to control cash flows, they do so sporadically. Managing cash flows becomes a priority at crisis points, and is resolved inconsistently with inefficient manual processes. Closing identified liquidity gaps can involve managing invoice payments and chasing late-paying clients. Centime provides a comprehensive solution to automate cash flow forecasting and provides credit and non-credit solutions to close liquidity gaps.
Yes! We have implemented controls in line with global security standards such as PCI DSS and SOC I.
We are certified as a sanctioned 3rd party application by the General Ledger providers of QuickBooks and Oracle NetSuite. In addition, Centime is accredited with industry-standard security and control guidelines such as SSAE 18, and PCI. These accreditation reports can be provided to prospective clients.
Any data maintained by Centime that is not posted back to your General Ledger is destroyed. We do not maintain an archive of data once you end your subscription or trial.
Only with the client’s permission. Although Centime directly integrates with the business General Ledger, employees are not automatically entitled to view and access General Ledger data. Access to client General Ledger data is controlled by a documented set of policies and procedures that limit access to a limited number of Centime customer success personnel.
Centime has been integrated with and supports QuickBooks Desktop, QuickBooks Online and Oracle NetSuite. These are broad market General Ledger applications with a large installed base in our initial market (clients with between 10 and 1,000 employees). Over time, we will integrate with other General Ledger applications, including solutions that target specific market verticals.
You cannot use Centime Cash Flow Control until it is integrated with a supported General Ledger application
Most General Ledger applications support integration APIs that are used by 3rd party applications like ours to provide value-added functions over and above those provided by the application. Examples include solutions to automate accounts payable and accounts receivable, disburse tax payments and manage payroll and employee expenses. Centime is one such application; market testing has not revealed any objections to the our proposed integration with and access to General Ledger data.
The Sandbox contains manufactured data and a full product demo experience in a box for you!
No, the Sandbox is absolutely free. It has been created to allow you to use manufactured data to better understand how Centime can help your business.
You may use the Sandbox for 30 days.
Yes. You can add them by going to settings-->company profile -->team management
To activate Centime, you will need a valid email address and mobile number to create credentials during sign-up and for verification purposes. You must use either QuickBooks Online, QuickBooks Desktop or NetSuite as your General Ledger and have admin access. You will also need to add your financial institutions, which requires login credentials to those accounts.
If you use QuickBooks Online, you can self-onboard. If you use QuickBooks Desktop or Netsuite, on-call guidance with our Customer Success team is required.
To fully onboard, you must sign up and create credentials. Then, the General Ledger and relevant financial institutions (checking accounts, credit cards, lines of credit, loans, etc) must be connected to Centime.
Clients on QuickBooks Online can self-onboard and be up and running within hours. Clients on QuickBooks Desktop and Netsuite will require on-call guidance with our Customer Success team and can be up and running within hours.
No, onboarding your General Ledger and financial institutions can be completed on separate days. However, abandoning the General Ledger connection in the middle of the process will require that you start over. We recommend completing the General Ledger connection in one session.
Yes, we can provide you with user guides to help you self-onboard.
Yes, our Customer Success team can you help you with self-onboarding questions. See our Support section for contact details and hours of operation.
You can add as many users as needed to help manage your cash control.
Yes, you can disconnect your General Ledger and financial institutions directly on our site. We recommend reaching out to our Customer Support team if you decide to proactively disconnect.
Yes, you can set permissions for each user based on their roles and responsibilities within your organization.