Pry Financials

03/08/2022

So you've heard that you should departmentalize your expenses? Here's why:

Using software to departmentalize expenses helps you avoid lumping all expenses together. Categorizing your expenses by departments can give you a granular view of your startup outflows. It can help you benchmark your startup against industry peers, set department budgets, and make more informed fin...

03/01/2022

Gross profit vs net income, what is the difference?

Learn more:

As a small business owner or startup founder, you’re going to come across different measures of profitability when looking at your company’s income statements. Two of the most important measures to look at are gross profit and net income. Confusing gross profit with net income or vice versa can ...

02/08/2022

Customer Story: Guide - a candidate experience platform that levels the playing field for employers and prospective employees

How a startup on a mission to transform hiring beat ‘spreadsheet anxiety’ and mastered financial planning:

As the Guide team emerged from stealth and began to execute aggressively on a vision to revolutionize the interview experience, they fought to organize their finances and keep tabs on fundraising.

02/03/2022

New feature: Recurring Annual Raises

A lot of customers wanted a quick way to see the impact on their cashflow from company wide annual raises. You can now see the overall impact within seconds. Combine with our scenario planning feature to see a side by side comparison between a 4% vs 7% raise across the company.

Learn more: https://pry.co/docs/hiring-plan -recurring-raise

01/25/2022

Calculating CAC payback is crucial for startups to understand sales efficiency and profitability. We've put together a guide to show you how:

Picture this: your sales leader comes to you and says, We've had a killer year, let me hire two more sales reps and we'll hit higher targets. Do you give him the okay, or do you operate with a skeleton crew to save on payroll? It’s hard to know right away if you’ll have enough cash flow to susta...

01/18/2022

Planning a funding round or big hiring push soon? Here's how to create a what-if analysis to guide your decisions:

So your business is going well...right now. But as a startup founder, you’ve still got a lot of questions about the future. Can you afford to hire more people (and the bigger office space that comes with that)? What if customer churn is higher next month? Or what if you charge $20 per item instead...

01/13/2022

Customer Story: Catch - an integrated benefits, taxes, retirement, and savings platform for self-employed workers

How a startup at the intersection of four industries found a ‘one stop shop’ to plan its finances:

As they gear up for an explosive year, “benefits for people without benefits” platform Catch.co is using Pry to model growth fueled by its different product lines.

01/12/2022

Pry Financials is selected as a semi-finalist in Product Hunt's Golden Kitty Awards for Fintech! Vote for your favorite Fintech product from 2021:

Product Hunt's annual Golden Kitty Awards 2021. Nominate your favorite products for Fintech category.

01/11/2022

There is more than one way to calculate your startup's runway. Figure out which way works best for your company:

You’re the pilot in an airplane, about to take off. The engine is purring, and the airport is sliding past your window as the plane speeds up. Then you look down at the runway. It’s going to end before you can get your plane in the air. Do you stay in the plane and maintain your current speed? D...

01/04/2022

Building a company is hard enough. Planning your financials shouldn't be. We've put together an ultimate guide to walk you through how to create a financial plan for your startup:

The top reason startups fail is because they run out of money, according to a 2020 survey by Wilbur Labs. And one of the main reasons they run out of money is because their financial planning consists of rosy projections of the best-case scenario, based on bad data — or no financial planning at al...

11/23/2021

Customer Story: Quadrant Eye - leveraging cutting-edge R&D, equipment, and software for at-home eyecare

For a Deep-Tech Startup Battling Blindness, Tracking Cash Runway is Part of the Mission:

Quadrant Eye is a physician-led, seed-stage company with an offering that is fighting causes of preventable blindness

11/02/2021

Customer Story: Pangea.app - helping students become freelancers

How a Marketplace Startup Made Their Financial Planning ‘Dead Simple’:

After raising $2.5 million, and growing at a blistering rate, labor marketplace app Pangea needed a better way to compare its budget with real-time performance