interVal's platform in action - benchmarked key metrics

Key Metrics: Early Identification of Risks and Opportunities

In today’s fast-paced business world, staying ahead of the curve is not just a competitive advantage, it's a necessity. As an accountant or a financial consultant in this ever-evolving landscape, your ability to harness the power of automated insights can be a game-changer. Combine these insights with historical trend analysis, and you have an edge to advise your clients proactively.

In this post, we'll dive into the significance of benchmarked ratios and how they can help you with the early identification of risks and opportunities.

The Necessity of Early Identification

While we understand that the past serves as a base forecast for future trends, we also know that keeping track of these trends is a task in itself. Sifting through vast amounts of data from financial statements and unveiling patterns to highlight recommendations can take away valuable time from your day. 

Having visualized benchmarked ratios reveals potential risks and opportunities long before they materialize. interVal does just this, providing you the insight to relay findings to your clients without delay.

Decoding Shifts in Ratios and Trends

Financial forecasting can be a time-consuming activity, and at times, subtle shifts in key ratios go unnoticed. Having financial trends at your fingertips can enable you to recognize these subtle shifts as soon as possible. 

Instead of trying to look for signs of risk or opportunities, spend time creating solutions to move forward in the best way possible (i.e. utilizing a high current ratio to explore expansion opportunities or extracting capital from the business).

Proactive Problem Solving and Decision Making

With benchmarked key metrics, you can anticipate financial trends and implement preventive measures. This proactive approach will not only assist with risk mitigation and enhanced financial stability of your business owner clients but may assist in providing consistent advisory service to your clients well in advance.

Recognizing ratio trends early across multiple businesses in the same industry will also help you initiate discussions with stakeholders and identify potential outliers within an industry.

Capitalizing on Positive Ratio Trends

With interVal, you can view historical trend analysis of your clients’ businesses in a simple-to-navigate dashboard. You can quickly identify areas of excellence and capitalize on positive trends. Snapshots of ratio trends allow you to study the financial landscape of associated SMBs so you can help your clients capitalize on opportunities swiftly.

Our platform provides visualized insights based on key ratio trends that you can use as an add-on to your advisory services for maximizing returns. This insight-driven approach ensures that your expertise aligns with the financial strengths of your associated businesses, resulting in a more efficient and effective strategy.

With Key Metrics, you can focus on a forward-looking strategy that enables you to identify risks and opportunities before they become apparent to the rest of the market.

Elevate your role as a strategic navigator, steering your clients toward financial success. If you’d like to learn more about our platform and how we can help you level up your client advisory services, book a demo with us today.