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RightCapital launched its new information visualization instrument, Money Circulation Maps, this week.
The brand new providing offers intuitive information visuals for example money inflows and outflows in monetary plans.
Headquartered in Connecticut, RightCapital most not too long ago demoed its expertise at FinovateSpring in 2019.
Seeing is believing. And RightCapital is betting that its new Money Circulation Maps will make it simpler for monetary advisors to collaborate with their shoppers. The most recent addition to RightCapital’s information visualization instruments, Money Circulation Maps affords intuitive information visuals for example money inflows and outflows in monetary plans.
“RightCapital has constructed its popularity on listening to advisor suggestions and including new product options at a quick clip,” co-founder and CEO of RightCapital Shuang Chen stated. “The Money Circulation Maps are a superb instance of that.”
Money Circulation Maps current information in two totally different codecs. The “Waterfall” format is a horizontal Sankey chart by which money inflows and outflows transfer from left to proper. The “Breakdown” format is a vertical circulation chart that enables customers to click on on every merchandise for better element. The brand new providing is on the market now to all RightCapital subscribers in any respect subscription ranges. Money Circulation Maps leverage Sankey charting, which emphasizes transfers or flows inside a system. Well-known examples of early Sankey charts embrace a visualization of Napolean’s 1812 Russian Marketing campaign created in 1869. One other well-known instance was the illustration of the effectivity of a steam engine again in 1898.
“My first expertise seeing Sankey money circulation charts utilized in monetary planning was in what I referred to as the ‘Stunning Monetary Plan’ that Mike Zung, CFP, created,” Michael Kitces stated. Kitces is writer of The Kitces Report and the monetary advisory business weblog, Nerd’s Eye View. “Now that RightCapital has launched this new function that robotically creates money circulation maps, all the neighborhood of advisors can use them of their monetary plans with ease,” he added.
Based in 2015, RightCapital made its Finovate debut a 12 months later at FinovateFall. The Shelton, Connecticut-based fintech final demoed its expertise on the Finovate stage at FinovateSpring 2019. RightCapital additionally affords Snapshot, which summarizes monetary planning charts and notes right into a single personalised doc. The corporate’s Blueprint answer helps manage family monetary information and objectives utilizing interactive, intuitive visuals.
Picture by Pixabay
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