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7 Parameters of Financial Statement Analysis Tool

  Analogizing  a financial statement of any company comes about in two ways. External stakeholders view it as a source to understand the overall financial health of the firm as in it’s performance and business value. Internal constituents monitor it to handle the finances of the organization in a better manner. The financial statement of any company encompass data regarding every aspect of it’s business activities. Evaluation is done based on the past, present and projected performance of the organization. The financial statement comprise of three main components i.e., the balance sheet, the income statement and the cash flow statement. Several techniques are used to analyze the finances of any firm but the three main used ones are; External analysis is done by stockholders, bankers, creditors and the general public. They do not have access to the accounts information. They analyze on the basis of published  financial statements . Internal analysis is done by the finance and accounts

Bank Statement Analysis: Is it the best tool to determine loan sanctioning?

Bank statement is a statement that is received from the bank after each month for the transaction one performs. Bank statement usually list down the available balance, deposits, withdrawals, interest, service charges, penalties, and others. Banking history of any month or any time period can be accessed by the customer. Banking history can either be received from the bank or through the online portal. Accessing the banking history allows a customer to look where the money has been invested or withdrawn or deposited and on what date. Currently, getting a loan sanctioned from the bank is a tedious task requiring a stringent document verification process. Verification process varies from bank to bank. The process starts with the application, which can either be filled online or by visiting any nearest branch. All necessary documents such as address proof, identity proof, income proof (bank statement or payslips received from the organization), and others must be attached alo

Financial Statement Analysis: The Scoreme Advantage

Financial institutions like banks often need to examine the condition of a particular company for enabling financial transactions. In order to do so analysts have to go through statistical information with respect to industry parameters for ascertaining the position of the company. ScoreMe is the ideal tool prepared for aiding the task of analyzing business entities with respect to financial as well as non financial parameters.  Our Strength The aiding attributes of ScoreMe 1. Analyzing bank statements: The ScoreMe software comes with an inbuilt digital analyzer responsible for categorical formation of results based on bank statements. We ensure that all information related to credit, debit, and loan and check transactions are analyzed for generating the financial report of a particular company. The trends of transactions are also simultaneously analyzed for ensuring succinct examination of financial transactions. 2. Online acquisition and assimilation of information: