While accountants tend to be mentioned only at key times of the of the financial year, the truth is they are hard at work behind the scenes of a business all year round! They are the people responsible for conceiving company goals, planning them, and working with the business to set necessary achievable steps in place to achieve them. In a nutshell, they are financial backbone of a business and they are paramount to a company’s success. Risk Dashboard offers accountants the ability to quickly discover and measure the financial risk of a company, making it a hugely valuable tool for any business.
Calculate financial risk
The primary task of all accountants is to prepare, examine, and deliver financial records, that much is well known. However, calculating financial risk also encompasses a huge part of the role.
To effectively calculate financial risk, accountants must manage and improve the internal control of a business, and develop an in depth understanding of the business as a whole. As with any role, seniority must be considered, and while some accountants simply manage financial records, managing accountants will ultimately play a role in designing, planning, implementing, executing, and monitoring risk managing activities and programs throughout a company.
Accountant managers will often prepare training sessions with staff too, so everyone can become familiar with risk control language. This puts accountants at the front line, so it comes as no surprise that they are often are considered to be strategic partners to business leaders in helping businesses to thrive.
It’s for this reason that we want to educate accountants on how Risk Dashboard can seamlessly become part of their workflow.
Measure financial risk with Risk Dashboard
Risk Dashboard allows accountants to easily calculate financial risk in a integrated and streamlined platform, with a clear modular structure. It can be used in all aspects of business to provide a detailed company overview, highlighting clear areas of financial risk that might need urgent attention.
Our finance module forces accountants to ask and answer questions about the financial health of a business. Modules cover:
· Asset-based risk
· Credit risk
· Foreign investment risk
· Asset liquidity
· Funding liquidity
· Market risk
· Equity risk
· Interest rate risk
· Currency risk
Our finance module is expertly designed to save accountants time and provide them with a platform that can be integrated into any business. For more information on how Risk Dashboard can be used to calculate financial risk, please don’t hesitate to contact Neil Campbell, Commercial Director on neil.campbell@riskdashboard.co.uk or info@riskdashboard.co.uk!
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