How to Use Modernbanc

Sign up

Start your journey with us by clicking the 'Sign up' button prominently displayed on the homepage. You will be directed to a registration page where you must fill in crucial information, including your email address and a strong password. This initial step is vital as it allows you to create your unique account with our platform, ensuring all your business data remains secure.

Verify your email

After completing your registration, an email will be sent to the address you provided. Open your inbox and look for the verification email titled 'Activate Your Account.' This step is crucial; by clicking the verification link within the email, you confirm your identity and activate your account, allowing you to proceed further into the system. Remember, without this verification, your account remains inactive.

Set up your profile

With your account activated, it's time to personalize your experience. Navigate to the profile settings. Here, you can input additional info such as your business name, industry, and specific financial goals. This is where you can define the context for our AI financial assistant to tailor its responses to your business needs better. Completing your profile enhances the accuracy of the financial insights you will receive.

Explore the dashboard

Once your profile is complete, you will automatically be taken to your main dashboard. This is your control center for managing finances. Take a moment to familiarize yourself with the layout and various sections available. You will find real-time dashboards displaying your current financial status, projections, and key metrics essential for making informed business decisions. Getting comfortable with the dashboard will empower you to utilize the platform effectively.

Ask questions

Now that you are set up and familiar with the dashboard, it’s time to engage with our AI financial assistant. You can use the chat feature to ask specific questions about your business finances. For example, inquire about your runway, asking questions like 'What’s my runway?' or 'Can we afford another hire?' Our AI is designed to provide you with instant and articulate answers, ensuring that you have the required information at your fingertips.

Set financial goals

Another essential function of our platform is setting financial goals. Navigate to the goals section in your profile and define your short-term and long-term financial objectives. This could be anything from increasing sales by a certain percentage to planning for future hires. Setting clear goals allows our AI to give you advice tailored to these objectives, helping navigate your business towards success more seamlessly.

Monitor your financial health

Your dashboard is more than just a static overview; it's a living snapshot of your business's financial health. Regularly monitor these reports and dashboards to get updated insights into your company's performance. Checking your runway helps you understand how long you can sustain your business without additional funding, while revenue tracking offers a look into your income sources and their performance over time.

Use advanced tools

Don’t forget to take full advantage of the advanced tools provided on our platform. We offer functionalities for in-depth revenue tracking, expense management, and forecasting. By regularly utilizing these tools, you can gain better insights into your spending habits and revenue streams, allowing for enhanced financial planning. Schedule evaluations to refine these strategies regularly with our AI, ensuring proactive control over your financial landscape.

Connect with the community

As you navigate your financial journey, engage with our community. Our platform isn’t just about AI; it’s about connecting with other entrepreneurs and founders. Join discussions, share your experiences, and seek advice from peers who are facing similar challenges. Networking can provide you with additional perspectives, strategies, and valuable contacts that will help you grow your business.

Stay updated

Finally, make it a point to stay updated with our blog and resources. We regularly post articles that encompass best practices in financial management and updates about new features on the platform. Engaging with these resources will help you maximize the effectiveness of our services and allow you to stay ahead in managing your business finances.