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Using the Financial Analysis feature, customer financial
statements are entered in either the global format (US Long) supplied
by eCredit, or in a custom format if one is defined for your implementation.
Before entering a financial statement, you must specify the format for
the customer in the Analysis Setup section of the Basic screen.
Using Financial Analysis you can:
Add up to three financial
statements at one time with the option to display a prior statement on
the screen while entering new statements. Hide columns while
entering new statements. Use a pop-up calculator
to calculate line items and then paste the total into the financial statement.
View up to three
statements at a time for comparison. When displaying more than one statement,
eCredit includes a % Variance column indicating the percentage of change
for a line item in comparison to that line item in the previous statement. When converting financial
statement currency in comparison view, you can select to convert each
statement using its statement conversion date, or to convert all the statements
using a conversion date you select. Generate a cash flow
statement from any statement period and the previous statement period.
Set up eCredit to
verify that the balance sheet entry for Total Assets is equal to the sum
of Total Liabilities and Owner's Equity. You set up this verification
by selecting Check Balance Sheet when adding the financial statement. Enter adjustment
numbers for operational, investment, and financing cash flow. Generate Expert Comments Expert Comments provide commentary and graphs that describe a customer's
performance in comparison to industry or peer group standards established
by the data in a Financial Norms or Standard portfolio. To generate the
Expert Comments, eCredit compares the financial statement data that you
enter for a customer to the standard portfolio data.
that compare the customer's financial data to a Financial Benchmark A portfolio that aggregates financial statement data for a group of
customers from eCredit database. You define rules to select the customers
included in the portfolio. eCredit calculates an average financial statement
and cash flow statement, and the quintile distribution for the ratios
for the portfolio members. You can use this as benchmarks when analyzing
risk for customers that are comparable to the portfolio members.
or Standard portfolio A standard portfolio stores the percentile distribution for financial
ratios obtained from external databases of industry standards. This distribution
is used to generate Expert Comments through the Financial Analysis feature.
You use the Portfolio Management module to enter standard portfolios..
Compare a customer's
financial and cash flow statements to the averages for a Financial Benchmark
portfolio. To view this comparison, the customer must use the same financial
format as the portfolio. Calculate Year-To-Date
values for interim statements when in comparison view. View custom cash
flow and comparative financial statements in the Global US Long format. Disable the calculation
of cash flow and ratios for statements that do not include both an income
statement and a balance sheet. Disable the calculation
of summary line items for downloaded abridged financial statements. More
View financial
statements in different units, or in any currency stored on your system. Generate a Financial
Profile Report based on your portfolio data, if you are using eCredit
to define portfolios. You can generate a Financial Profile Report from
the Financial screen or from the Financial Comparison screen, enabling
you to convert the financials to a different currency before generating
the report. Export a single or
multiple financial statements to an Excel spreadsheet. You can also export
portfolio data, if available, to the spreadsheet. Add comments
to financial statements and cash flow statements. Print all
visible columns for financial statements, cash flow statements, and financial
statements in comparison view. Delete financial
statements.
How statements are added
You can manually enter statements, or download the statements
from Reuters®
Fundamentals™,
if a Reuters subscription is included as part of your eCredit implementation.
Reuters is a global provider of financial statements and reports for publicly
traded companies.
You can view a previous statement when entering a new
statement so that the prior values are on the screen as a guide. Each
field has a built-in calculator to help you make your entries.
eCredit calculations
When you manually enter line items for a statement,
eCredit calculates totals and ratios when you click Save. When you download
a statement from Reuters, eCredit calculates the ratios as part of the
download.
'What If' analysis
When doing 'What If' analysis, you can make financial
statement entries and click Calculate to see the effect the entries have
on ratios without saving the data to the database. You can then print
the screen. |
