A closer look at Analytics and Daily IQ…
The Daily IQ Analytics app from CommBiz provides instant access to insights about business and its customers and market.
Every transaction is analysed and broken down into Cash Flow, Merchant Insights Customer Insights and Working Capital, then presented in simple and easy to understand visuals that can be accessed from an iPad (and soon to be browser) anywhere, anytime.

The Cash Flow module helps a customer:
- Keep track of cash in and cash out for all accounts linked to CommBiz or for select accounts (up to 5 at one time).
- View the closing balances across all accounts linked to CommBiz or for select accounts.
- View cash flow for select payment types.
- Assess cash flow projection for the next 31 days, 6 months and 12 months.


Merchant Insights shows at a glance where and when sales are occurring across the business by:
- Pinpointing spending trends by sales turnover and volumes, average transaction size and average daily transactions.
- Understanding spending patterns by state and different time periods across these metrics: spend by time of day and day of week across different transaction sizes.
- Identifying best and worst trading days and time, including weekends.
- Identifying top performing markets by state and suburb.


Customer Insights provides a user with high level insights into their key customer demographics and helps to identify potential new targets by:
- Understanding customers’ age and gender.
- Identifying average spend per customer, average spend per transaction, average number per transactions.
- Identifying where customers live.


The Working Capital module contains a calculator which helps customers assess the effectiveness of their working capital cycle and the impact on cash flow by:
- Understanding the relationship between the individual elements of working capital and cash.
- Assessing the cash impact of shortening the time between making a sale and collecting cash from customers.
- Assessing the cash impact of reducing costs and managing creditors more efficiently.
- Evaluating the way working capital is managed in the business.
