What are your numbers telling you?
It may be a simple question, but the answer can seem complicated, especially if you don't have a background in finance or accounting. Advance Iowa takes the complex and makes it simple with our proprietary Financial Scorecard system.
We benchmark your company against your industry and can even structure our reports to include only to the competitors within a defined geography. This targeted approach ensures an ‘apples-to-apples’ comparison with peers that face the same costs and regulations you do.
This system makes understanding your financial picture as easy as reading a stoplight. Green means you are doing well. Yellow serves as a caution….and red highlights those areas where you may be able to improve.
Armed with this information, together we can begin developing a road map to improve your firm's health. Better financial insight allows you to be strategic in making crucial business decisions.
What changes could create the most impact to your bottom line? If you increase sales by 10%, how will that affect other parts of your finances? What levers could you pull to effectively change various ratios – such as your Cost of Goods Sold, Debt Ratio, or Return on Equity? Our Advance Iowa team will review these topics and others to help you get a better idea of where your firm is today, as well as where you want to be in the future.
Research Options Available
-Baseline evaluations – Year over year analysis of your firm’s financial health
-Peer analysis – How you compare to your competition and industry benchmarks
-"What if" economic scenarios – Hypothetically adjusting line items on your financials is a great way to see the effects of change on paper without having to actually make those investments of time and money. You’ll have a better idea of where to place emphasis and spend resources to impact your bottom line.