Drive Real-Time Decision Making
Management Accounts are an invaluable resource, allowing financiers to make timely and meaningful business decisions. However, they are notoriously difficult to obtain from clients, and can also be subject to a certain amount of ‘enhancement’, either in terms of ‘massaging’ the figures or delaying until more favourable results, compromising the accuracy, integrity and timeliness of the information provided.
In response to this very real problem faced by lenders, Vision Critical has developed real-time Management Accounts production, which is designed to give lenders an accurate, up-to-the-minute, reflection of their clients’ businesses and the inevitable ‘bumps in the road’ that clients may encounter.
OSMO® is based on automatically scheduled data feeds straight from the client’s accounting package, entailing no additional work from the lender or their clients. It enables invoice finance companies and asset based lenders to see the client business’s position at any time, from pre-sale right through to the end of the invoice finance life-cycle. Using OSMO® also removes the need to reconcile information posted on clients’ account packages with the Management Accounts.
Payroll and VAT, asset valuation and depreciation can be viewed at a glance, together with daily sales outstanding, allowing key financial ratios to be monitored.
Traffic light warning systems can also be used to highlight areas of concern and applied to risk scores set at a lender’s specific tolerances. The Management Accounts system can also be linked with CashCaster, enabling lenders to use recent information to predict future performance and cash shortfalls.
Reporting is scheduled to be sent automatically, either at the same time each day, or can be sent by the client at a time to suit them. Once installed, the lender doesn’t need to do anything in order to create future Management Accounts, saving time, money and unnecessary delays. By the same token, the client does not have to do any more than their customary book-keeping.
We live in a world where business at the speed of thought is considered the norm. Until now, the production of Management Accounts has lagged behind these technological advances and we are pleased to be able to address this by harnessing the power of OSMO®.
Real-time and real-life Management Accounts assist and enhance operational performance at every phase of the client life-cycle.
To find out more about how OSMO® can accelerate the production of Management Accounts, please contact us.
