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Watch the results of your decisions unfold in the financial statements as they are tracked on special graphs that explain how your decisions changed your finances.
Your accounting software is designed to help you look back. Forecasting helps you understand the current status and the financial future of your business decisions.
With a slight change of your projections, you can watch the bankruptcy prediction score move, you can watch your sustainable growth rate change, as well as watch the graphs show your financial future.
Each perspective is looking for something different in the financial results. Managers will be analyzing the operations, looking at resource management, and profitability. Owners will be concerned with profitability and growth of their equity. Lenders, on the other hand, will be concerned with liquidity, financial leverage, and debt service.
There is not one report that properly serves everyone. You can create custom reports that are tailored to a specific perspective or that address the issues at hand.
What-if scenarios help you make the right decisions by looking at the results as they translate into your finances. The Cash Flow module will help you to understand how much of a cash infusion is required to accomplish your business goals.
Forecasting cash flow needs can help avoid cash deficits and adjust expectations or obtain the proper financing to cover any shortfalls. Forecasting sales can help you to see if the projected sales growth can be covered with the current cash and profit projections.
Dashboards visualize the results of your business decisions on your finances. View the graphs from the perspective of a manager, an owner, or a lender. Each graph has clear and simple explanations, so you understand what the causes are and how to make adjustments.
There are four strategies to increase your business’ value: Revenue Growth, Operating Margin, Asset Efficiency, and Expectations. If you want to increase revenue growth, click on that button and be instantly presented with options for different strategies. Click on a desired strategy to see the various tactics that can be used in the strategy.
This module will show you the annual percentage of growth rate in sales that will allow your business to remain in its present Debt-to-Equity ratio. When your banker makes a loan and states that you must maintain a certain debt-to-equity ratio you can run sales scenarios to find out how they impact your sustainable growth rate.
The decomposition of return on equity allows you to focus on the key metrics of financial performance individually to identify strengths and weaknesses. This shows you the results of your finances or forecasts so that you can make the right decisions based on your financial goals.
Unlike most Z-Scores My CFO Wizard calculates the results based on whether your business is a manufacturing, non-manufacturing, emerging market, or private company.
My CFO Wizard is designed for those who don’t want to learn accounting or financial analysis. The training videos explain finances in a clear and simple way that makes sense and take the mystery out of financial statements.
Copyright Business Resource Institute, LLC 2022
