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Validis - Accounts Review Solutions
Association of British Insurers logo

Changes in business financial reporting: meeting the needs of
trade credit insurers

SMEs must regularly produce timely and validated accounts information in a format to satisfy the demands of lenders, credit referencing agencies and credit insurers.

The Association of British Insurers' Advice to business regarding information requests from trade credit insurers underlines the need:

In uncertain economic times, trade credit insurers will need more detailed and frequent financial information in order to carry out robust and up-to-date risk assessments... Failure to comply with reasonable information requests from trade credit insurers will tend to be interpreted negatively and may result in immediate cancellation of cover.

Read the full article (.pdf)

The solution: Validis Amatino

Every month accountants must cost-effectively and time-efficiently meet this need. Using Validis Amatino they can:

  • Easily review, prepare and comprehensively validate the accounts and reports that are required
  • Understand the current business performance and trends that are essential to building credible plans and projections
  • Support sensitivity analysis by creating different reporting scenarios with ease.

For accountants in practice, Validis Amatino gives partners and senior managers instant insight into their clients' operations, ensuring they have the level of understanding that is critical to delivering the advice and reports on which their clients' credit worthiness will be assessed - while enabling their teams to perform comprehensive reviews and prepare management reports in as little as half the time of existing methods.

Validis Amatino enables every accountant to do more in less time and at less cost. It provides the type of proactive support that every client needs to help ensure they secure the best possible terms for credit, financing and insurance.

 

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