ReadyRatios Software Features
ReadyRatios is a program (web service, SaaS) intended to carry out an intellectual analysis of a company’s financial position based on data from its financial statements.
The main feature of the system is that individuals should not take part in the analysis. All that has to be done is to enter the data of financial reports (prepared according to the IFRS or US GAAP) and to receive the results of the analysis, which does not differ from the analysis made by a professional analyst!
Our software features:
Knowledge of financial analysis is not required
Our key principle is “Make the computer think!” Computers and not humans should work! That is why ReadyRatios makes all analytical jobs, beginning from the moment when the user enters the data, and finishing when the analytical report is ready. We have been working on the imitation of artificial intelligence in the field of financial software for over 15 years. Where are examples of reports created by our software:
Report Input statements Language Comprehensive Financial Analysis
This report includes all key financial ratios and analytical conclusions which can be calculated using US GAAP company's financial statements.
IFRS Comprehensive Financial Analysis
This report is the same as previous but created using input data from US GAAP financial statements.
US GAAP Certificate of Financial State of a Company
Certificate proofs of your company's financial position.
Highly usable web-interface
The program is based on web-technologies and can be opened with the help of your favourite browser. It is supported with the following browsers: Internet Explorer 6+, Firefox 3+, Google Chrome 7+ and Opera 9+.
The program provides the user with a complete report
Our program is designed not only to calculate over 40 coefficients and rates, but also to describe the calculated results, to make conclusions and to give an opinion on the financial state of a company. When analysing, the program uses unique scoring methods.
As a result, the given report is complete and does not differ from the report made by a professional analyst. The report includes all rates, which can be calculated based on data of the two key forms of financial reporting: a statement of financial position (balance sheet) and a statement of comprehensive income (income statement).The complete report is about 15 pages long; see example.
Currently, the program works with data of financial statements prepared according to the IFRS or US GAAP.
Multiple choice conditional texts
Multiple choice conditional texts make each report unique. The texts of reports are never repeated, even if the reports are made based on the same data (the probability of repetition is close to zero).
Special training is not required
The ReadyRatios program is very easy to use, so training is not required.
Analysis of reports in dynamics for several periods
You can get an analysis report for both one reporting period and also for several periods (annually, biannually, quarterly or monthly).
Flexible approach to making tables
You do not have to glue together pages with tables any more when analysing data over many years. The program has a feature which allows reducing wide tables without significant loss of their informational value.
Instead of making complete tables as in the example below: Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Ratio … … … … … … … … … … … It will be reduced in the following way: Year 2009 Average for 2010—2017 2018 2019 Ratio … … … …
So, balance between the width of the table fitting for printing on standard paper and its informational value is kept.
Figures are marked out with colours
Colours are used not only to mark out positive and negative values of the rates, but also to indicate qualitative assessment of the rates (good/bad values).
It is easy and convenient to enter the initial data
When data is entered into the form, they are given in a financial report. Preliminary or additional calculations are not required. We use official formatting of reports proved by standards and IFRS (US GAAP) Taxonomy. It permits any reports prepared according to the IFRS or US GAAP to be analysed. Data can be entered by hand or imported from XBRL files (IFRS or US GAAP Taxonomy format, 2019).
Information can be saved on the data base
The user can save the initial data and prepared reports both on their computer and on the server of ReadyRatios. The last variant provides you with fast and convenient access to information for further analysis. To use this feature, the user should log in to the web-site of ReadyRatios.
Great opportunities for professionals
If you want to set parameters of the analysis according to your requirements, you can easily:
- change any formula or add your own
- change qualitative properties of the rate (i.e. range of satisfactory and unsatisfactory values), including ones for different industries
- set a report template (add or remove desirable or undesirable rates)
The program takes into account the settings given by the user, but keeps the analysis absolutely autonomous at the same time.
To use this feature, the user should log in to the web-site of ReadyRatios.
Certificate of financial state
Everyone can receive a presentable certificate protected from counterfeit, which proves the rating of financial state (from AAA to C) given to the company (see example).
User report settings
The user can limit the report and leave only the required sections, select parameters on displaying tables and text, as well as a set level of criticism. Setting a criticism level can eliminate critical remarks and comments in the report text (if the financial state of the company is poor). At the same time informative values and conclusions will not be affected.
IFRS Disclosure Guide (DG) Features
100% conform to IFRS requirements
IFRS DG was created from official IASB taxonomy 2012 and comprises all IFRS disclosure requirements. In other words, IFRS DG is a human friendly view of ideal IFRS statement issued by IASB in XBRL format (taxonomy).
Human adapted view
IFRS taxonomy is very useful information source but useless for non-IT specialists. We show taxonomy in common for financial documents format. Easy to view, easy to understand, easy to use!
Free for everyone
IFRS Disclosure Guide is our contribution for improving IFRS statements worldwide. We understand the significance of quality IFRS reporting and present indispensable for this purpose tool.