Frequently Asked Questions

Please reach us at greg@cred-assist.com if you cannot find an answer to your question.

Do you provide training for our staff members if required?

Yes. Comprehensive training can be requested on a formal basis or by our e-learning systems. Click here to see our training programmes.

Does it matter if the business is in another country?

All financial information is prepared according to International Financial Reporting Standards (IFRS), so it does not matter where the business is situated. The assessment and report will be in the denomination of the host country (or any currency requested).

Will CredAssist provide a decision on whether to grant credit or not?

No. The system is designed to assist in the decision making. Your knowledge of your particular client and asking the questions generated by our system all needs to be taken into account before a decision can be made.

If CredAssist does not provide a decision, why use it?

Firstly, CredAssist will provide valuable information to assist in making the decision to provide finance. The analysis is in far more depth than what is usually done and it will save the analyst many hours of calculating and then analysing the different financial ratios.

Is the analysis based on algorithms?

No. The system is based on thousands of scenarios of different trends and gaps in the financial ratios. Trends and Gaps can be positive or negative depending on each scenario.

Will I be able to understand the information provided if I do not have a good accounting background?

Most of the trends and gaps are explained, so even if there is limited financial knowledge, the information will still be beneficial. You will also be able to view Tutorials on each ratio used in the analysis which will assist in the understanding. However, the better your knowledge of financial analysis, the more beneficial will be the information provided.