Overview of Financial Statement Analysis Tool for Beginners
Financial statement analysis tool generate a report to get a complete insight into the assets, liabilities, equity, reserves, expenses, profit and loss of any enterprise. Analysing financial statement is crucial because that is the only way through which a firm’s performance and financial position is evaluated, thereby determining future risks and potential. 
The three most popular tools use for the same are:
- Horizontal Analysis – It compares a company’s financial condition and performance across time.
- Vertical Analysis – Here, comparison of a company’s finances are made with a base amount like revenues or total assets.
- Ratio Analysis – This tool is used to isolate some performance metrics in a statement and also aggregate data points across statements.
ScoreMe, an innovative analytics software company in fin-tech space has come up with it’s above ordinary financial analysis tool to your advantage. The tool is hassle free and gives a delightful experience to it’s users. It’s a one stop solution for your sourcing team. Details about an enterprising company regarding credit, lead sourcing, customer profiling and vendor relationships can all be looked at in the form of a crisp, insightful and intuitive report.
The parameters upon which Scoreme works :
- Details of eminent people present in the company and also the past dignitaries.
- Details of firms working closely and it’s signatories.
- Analysing financial broad gain, borrowings and external credit ratings.
- BIFR & CDR History and ongoing legal cases.
Apart from this in-depth study of the health of any organisation, simple periodic financial reports can also be generated with the help of this financial analysis tool.
The advantages of using this tool are :
- Quick calculation of CMA
- System driven assessment of financial statements for multiple years.
- Real-time check for default lists.
- Reduces turn-around time considerably.
