Rantalainen financial statement analysis
The Rantalainen financial statement analysis and analytics are compiled in the cloud service, and the report is available with the customer’s own user login and password. These user credentials are free of charge, allowing a company to freely share access to the cloud service. Via interfaces, the Rantalainen financial statement analysis is also suitable for monthly reporting.
Key indicators and competitive benchmarking within same service
A financial statement analysis is made once a year, right after the final financial statement entry. Compared to other solutions on the market, the analysis will be available to the customer much sooner.
The purpose of the analysis is to create understanding of the past year based on indicators derived from financial figures and compare these within the sector. The service can be expanded with a specialist’s verbal analysis of the year. This will result in understanding of the company’s finances based on key figures and verbal analysis.
Set goals and monitor them
When applying for funding and finding potential capital investors, it is essential that the company can present key figures of their operations which are relevant to the company’s financiers. Monitoring covenant-based loans, for example, is easier compared to Excel-based analyses.
An analysis of key figures is built around a financial triangle that helps companies set their goals:
- Profitability = sufficiency of the revenue
- Solvency = Understanding and assessment of risks related to long-term funding
- Liquidity = Understanding and assessment of risks related to short-term funding
How to get started with a financial statement analysis
A financial statement analysis starts with a company setting their goals for profitability, solvency and liquidity. These goals are refined to easily understandable key figures that are followed at the frequency desired. When implemented with high quality, a financial statement analysis helps the company to understand the causal connections of economy.
