MONITORA MEASURES AND IMPROVES COMPANY PERFORMANCE
It enhances business continuity through efficient and sustainable strategies to handle crisis situations
With Monitora I can analyse my company’s performance and plan for the future with a smile.
The most efficient alert system to ensure you’re always aware of your company’s state of health.
Monitora provides business owners with a system for periodic analysis of management data which produces a report containing a clear and simple picture of the company’s current and prospective situation.
The report, drawn up by applying the same criteria recognised by the public sector banking system, represents a reference to guide the company’s strategic choices and constitutes an essential calling card for risk-free access to all forms of financing.
With Monitora I have simplified the company’s procedures
and I’m ready for the PNRR.
Analysis of economic and financial data, budgets, business plans and reporting in a single digital tool.
Monitora provides an up-to-date, realistic and easily-communicable picture of a company’s situation.
By processing historical data, the system can also produce forecasts to assist with investment planning and guide strategic business decisions.
Monitora includes the consultancy of Credit Data Research Italia: assistance with uploading and analysing data, identification of the investment strategies best suited to the company’s situation and prospects and access to the most appropriate financial instruments, including the opportunities of the National Recovery and Resilience Plan (PNRR).
Monitora ensures companies are compliant with the New Italian Insolvency Code, which requires companies to have adequate organisational, administrative and accounting structures, also to enable early detection of crisis situations.
What is MONITORA?
Monitora is a web app, an innovative online platform.
By periodically updating information from the company’s economic and financial documents (interim financial statements and new forecasts affecting the budget), the system is able to process the data by applying the same criteria as the public sector banking system and generate a simple and intuitive report, specially designed to facilitate dialogue with all stakeholders. Processing of management data is combined with a monitoring system that can detect any critical issues quickly and efficiently, allowing corrective measures to be taken before crisis situations arise, thereby safeguarding business continuity.
Under the New Italian Insolvency Code, companies are required to implement a monitoring system: Monitora is compliant with this legislation.
Monitora includes the consultancy of Credit Data Research Italia: from assistance with uploading and analysing data to identifying the investment strategies best suited to the company’s situation and prospects, using the most suitable and innovative financial instruments.
Monitora is a simple and intuitive platform that facilitates company procedures and provides comprehensible reports for easy consultation. It is the ideal solution for business owners who want insight into the real performance of their company in order to make decisions, choices and investments safely and efficiently.
Monitora comes with a 3-year business plan and includes the International Credit Score (the Credit Passport calculated using criteria shared by credit institutions internationally) and automatic calculation of the DSCR (Debt Service Coverage Ratio) at 6 and 12 months based on the financial budget. All of this information is summarised in a printable REPORT that can be shared and easily understood by all third parties.
What are the advantages for the business owner?
Simple compliance with the requirements of the New Italian Insolvency Code
The New Italian Insolvency Code (pursuant to Legislative Decree 14/2019 as amended and supplemented) requires companies to adopt organisational structures and measures to detect and prevent crisis situations. The law states that companies must adopt organisational measures and structures that allow for verification of any imbalances of the assets or economic/financial indicators and the sustainability of debts, demonstrating that the companies are in a position to continue operating for at least the following twelve months. Although the system must obviously be suited to the nature and size of the company, under the legislation everyone shares the obligation to verify the sustainability of financial commitments undertaken. The code states that each business owner and control body may use an IT platform for self-diagnosis and periodic monitoring, to simplify compliance with legal obligations.
Increasing corporate profits
Systematically monitoring company performance ensures the development of optimal products and strategies, which translate into a competitive edge and increased profits. This competitive edge is also enhanced by the strengthening of the corporate brand through maintaining and improving reputation and sustainability.
Cost reduction and recovery
An efficient and effective risk prevention system makes it possible to allocate company resources in the most productive and sustainable way for the company, thereby eliminating waste and inefficiencies. Actions and investments that bolster the company’s growth also influence non-economic factors, such as reputation and solidity as perceived by stakeholders, which in turn make it easier to access credit, look for partners and suppliers and attract qualified human resources.
Knowing the current state of your business and having sufficient information to make predictions allows you to identify medium and long-term investment strategies that enable a systematic approach to subsidised instruments, maximizing cost recovery through grants and subsidised loans. A planned and non-contingent approach is also more in line with the prerogatives of European development and innovation policies, the PNRR and the 4.0 Transition Plan.
Saving time
Having a clear and simple overview of company indicators reduces and optimises the time spent on monitoring, control and planning, allowing business owners and all collaborators to remain focused on the company business without uncertainties or distractions.
An effective alert system makes it possible to implement any corrective actions promptly and avoid crisis situations.
Using an integrated monitoring system enables a high level of digitisation of processes which optimises document management by reducing time and inefficiencies.
Having complete, accurate and timely documentation also simplifies regulatory compliance.
Are you an accountant or a financial advisor?Find out what MONITORA can do for you!
Build client loyalty
Are you able to retain your clients and attract new ones by offering useful new solutions and services?
The relationship of trust that is established between an accountancy and their clients needs to be nurtured and cultivated: with MONITORA you can share with them a monitoring and alert system that allows you to intervene promptly by proposing effective actions for the continuity and growth of the company business.
Expand consulting capabilities
Sometimes your firm just does not have enough employees to carry out complete research and information activities to assist clients accurately and effectively.
With MONITORA you can expand your firm’s information and technical capabilities with support from CDR Italia, a corporate finance specialist operating throughout Italy for over 25 years.
Improve the quality of your consulting services
Creating a picture of each client’s economic and financial situation requires the processing of data from different sources, which must be integrated and interpreted. Having an efficient monitoring tool ensures a simple flow of information which streamlines communication with the client while also improving quality of the consultancy in terms of effectiveness and timeliness.
Offer the right tool for continuity
Under the New Italian Insolvency Code, all companies are required to adopt suitable organisational structures and measures to safeguard business continuity from potential crisis situations.
MONITORA allows you to verify the sustainability of financial commitments by analysing the most appropriate crisis indicators with its alert system and is therefore fully compliant with the New Italian Insolvency Code, representing the ideal tool to offer to clients.
PURPOSE
- MONITORA is an innovative tool that allows you to enhance business continuity.
- It provides a timely, continuous, detailed and easy-to-read snapshot of a company’s business.
- MONITORA uses a forward-looking approach that helps measure a company’s present and future performance and supports business owners in understanding which corrective measures to take.
Credit Passport is the core of the tool and can be presented to banks, suppliers and investors; it analyses company data and gives a precise, forward-looking assessment of creditworthiness.
WHO IS IT FOR?
- All SMEs that want to deal with credit institutions, investors or their internal control body.
- All companies that require adequate organisational, administrative and accounting structures under the New Italian Insolvency Code (Legislative Decree 14/2019).
- All companies that need a system for monitoring final and prospective budget and business plan data, as a point of reference for internal management control.
- All accounting firms that wish to build customer loyalty with a new solution to support their clients accurately and effectively, improving the quality and timeliness of their consulting services.
BENEFITS
- Having a user-friendly web app with intuitive navigation and professional support.
- Helping companies make strategic and business decisions by measuring present and future performance from a forward-looking perspective.
- Periodically analysing the company situation and continuously monitoring any budget deviations in order to take corrective measures.
- Periodically monitoring the thresholds set out in the New Italian Insolvency Code and the access parameters for voluntary negotiated settlement procedures.
- Supporting companies in benchmarking analysis compared with their sector.
- Supporting companies – with a single dynamic tool – in collecting the information necessary to comply with the obligations of the New Italian Insolvency Code.
- Improving dialogue with credit institutions, investors, the internal control body and other stakeholders.
The value of Credit Passport within MONITORA
THE BEHAVIOURAL COMPONENT OF THE MODEL
By analysing interactions with the entire banking and financial system, Credit Passport® provides an indication of the risk associated with the credit rating and financial performance of the companies concerned. Use of the information from the Bank of Italy’s Central Credit Register gives the company's short-term credit risk assessment maximum credibility.
THE FINANCIAL COMPONENT OF THE MODEL
The financial component, based on the RiskCalc Plus Italy model, developed by Moody's Analytics, evaluates a company’s creditworthiness, i.e. the probability of a company becoming insolvent within a year of issuing the report. RiskCalc models are locally validated in 29 countries and are specific to each sector.
THE CREDIT PASSPORT® VALUE SCALE
Credit Passport® is the most comprehensive credit risk verification system for SMEs. The Credit Passport® report is generated by combining two statistical algorithms that use two types of data: financial and behavioural. Credit Passport® has seven risk categories ranging from "A++" to "E". The different colour-coded categories are easy to read, clearly showing a company’s credit risk. A scale of values makes it easy to understand risk categories in accordance with standard ratings.
