Posted: September 16th, 2017

Proposal Justification

According to Estes and Savich (48), there exists a variety of methods, tools and alternatives for individuals in financial planning. However, there are few varieties of tools and methods that are available to assist small business owners, companies, agricultural institutions, lending organizations and individuals in their financial planning. Besides that, there is plenty of information on successor planning and nothing has been designed to help in evaluating the effectiveness of small owner’s businesses or pointing out of areas that needs some improvement so as to help them in their daily processing of loans, sales and maintenance. It has been proven difficult to split small business owners from their business hence the need to provide help in improving and valuating their salability and financial positions when they need to ask for loans in order to expand or market their businesses. These calls for the need to provide the Financial Analysis software that will help solve problem s experienced by business owners and various institutions in their daily operations.

Benefits of the Financial Analysis Software

The design and implementation of the Financial Analysis Software will help small business owners in evaluating and improving their efficacy and ratios of their businesses.  For example both their evaluation for sale and succession plan funding in comparison to ratios addressed by institutions of lending will be used as a measure of return and efficiency. The financial analysis Software will also enhance easy performance of tasks due to the use of amore centralized system such as Web Equity. Web Equity will enable users to save time in relation to data gathering activities and in the analysis of financial processes whereby re-keying of financial information when performing  potential borrower financial analysis will be eliminated  completely .

In addition to that, the design and implementation of the Financial Analysis Software will be helpful to the users as it will:

• Enable them to follow an approach that is systematic when analyzing  credit requests that are large
• Establish a business financial  repayment ability thus giving insight on the amount they can lend to it
• Help them in evaluating small businesses financial sensitivity in terms of interest rates, expenses  and revenues fluctuations
• Will help in determining the solvency and financial liquidity of a particular business in comparison to the industry average results and also in evaluating whether the business operation is efficient and gainful.
• Financial Analysis Software will also help in coming up with other non-financial factors that are critical in affecting the operation and management of a particular business.

Possible difficulties

Need a Professional Writer to Work on this Paper and Give you Original Paper? CLICK HERE TO GET THIS PAPER WRITTEN

Several obstacles may exist during the design and implementation of this software in the industry. The obvious problem is the in ability to accept the software by the business sales department as they may not understand the benefits that comes along with it and the cost of implementing the software in the organization. However, from the research I have carried out, I have seen the importance of incorporating the financial analysis Software in the business system of organizations as they have gone a step ahead on how they deliver services to their clients thus improving their relationship with their clients. In addition to that, the sales department can also find out other financial software that can be implemented to ensure operation efficiency of the small business owners and other institutions in their daily duties .After all researches I have carried out, the business department should agree that the Financial Analysis Software should be implemented as it will face out the limitations experienced by small business owners, companies, individual financial statements and agricultural and consumer lending institutions.

Anticipated Costs

From my point of view, there are no extra cost that will be incurred in creating and launching the proposal in the company thus I am asking for a couple of days to prepare my proposal.

For all the reasons stated below, as the company you should allow me to go ahead and write the proposal

• My vast knowledge in the operation of the financial analysis software for example Web equity will help in providing ratios that will be very powerful and indicators that will allow lenders to rapidly view business entity financial status.
• The Financial analysis software ratio will also help in identifying business liquidity through the comparison of current assets amount to that of current liabilities.
• My familiarity with the Web equity will assist in the calculation of financial analysis on various loan types. This loan types will range from request that are simple to complex  ones such as the agricultural to small business credits that uses the RMA Industry Comparisons and Farm Financial Standard Ratios. The utilization of the Web Equity will also enhance the availability of credit bureau reports which will be important to the lenders as they will be able to include the information in rating and scoring of various parameters.
• In addition to the above, the knowledge in Web Equity will provide small business lending organizations with decision making service and Isaac Liquid Credit analytic which will enable them to confidentially and quickly process loans with presence or absence of financial data.

For all those interested in my proposal, please call me to offer possible suggestions, areas of improvement, any burning questions that needs immediate feedback as this proposal not only will benefit our generation but also generations to come. I will really be grateful if I get comments from you whether positive or negative.

Thanks in advance.

Yours sincerely

Work cited

Jim, Estes and Richard, Sevich. A comparison of financial analysis software for use in financial planning for small businesses. Journal of financial service professionals. 2011.

Need a Professional Writer to Work on this Paper and Give you Original Paper? CLICK HERE TO GET THIS PAPER WRITTEN