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Introduction

"Predict and Mitigate Financial Risks, with Business Health Appraisal"

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Financial health assessment and its importance

Financial Health Assessment - the prerequisite for predicting financial risks!

What is Financial Health Assessment?

A financial health assessment is a thorough evaluation of an organization's financial health, by interpreting financial statements, cash flow statements and key performance indicators.

The primary objectives of a financial health assessment are to:
  • Mitigate financial risks and prevent potential crises
  • Make informed decisions about investments, funding, and resource allocation
  • Identify areas of improvement for optimizing financial performance
  • Develop effective strategies for growth and sustainability
Monitoring and managing financial health is a key prerequisite for long-term viability and success of any business.

Role of BHA

Role of Business Health Appraisal in Financial Health Assessment and Risk Management

Financial health assessment and its importance

Business Health Appraisal is a cutting-edge software solution that revolutionizes the financial health assessment processes, by automating
  1. the generation of Financial statements, Cash Flow statements and Financial Ratios
  2. the data aggregation and charting of financial data necessary for Financial Analysis
With data, metrics and KPIs, it provides a 360-degree view of an organization's financial and operational well-being.

By providing insights and recommendations it helps and guides managements in identifying financial risks and making operational and strategic business decisions to improve the financial health of any organization.


Financial health assessment and its importance

Business Health Appraisal makes it possible to predict and mitigate financial risk with its following key features
  • The Configurable Management Reporting feature facilitates structuring financial management reports in multiple ways from the same trial balance data to meet specific Analysis and compliance requirements
  • The Smart Financial Analytics feature transforms data from the trial balance to facilitate period end review. It also transforms trial balance data and financial management reports into charts, tables and dashboards to facilitate horizontal and fluctuation financial analysis
  • The Dynamic Financial Control feature synthesizes financial management reports and financial ratios to perform advanced vertical financial analysis and simplify the process of monitoring financial position and business performance