| Business Professionals |
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Businesses borrow money at financial institutions and typically rely on these same institutions to properly calculate and report all loan information. It is best if the financial officer at the business independently verify (audit) all loans and check that payments are accounted for properly by the financial institution. The Wall Street Journal found that a high percentage of loans were improperly calculated in a March 21, 1994 article.
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| Accountants |
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Accountants are required to project 5 years of payments and interest for material lending activity. FinAlyst will produce this report. Accountants also are often called on to make Capital Budgeting and Lease Analysis decisions for their clients.
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| Bankers |
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Bankers often need a simple intelligible report to give their customers detailing their lending activity with payments and interest subtotaled by fiscal period. Often these types of reports are not available in the back office systems that do the loan processing.
Also bankers use the FinAlyst product to help analyze loan workouts or to project interest rate changes onto the required term limits on a loan.
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| Auditors |
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Both bank and business auditors can use FinAlyst to audit the loan activity of their clients. This can be used to independently check the financial institution’s records and to prepare detailed analysis for their audit reports of the clients lending activity.
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| Real Estate Professionals |
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Real Estate calculations involving mortgages are a typical use for FinAlyst. However the ROI calculations can be used to evaluate the purchase or selling price of a piece of real estate. Also the capability of producing a “down payment” report will aid in selling or purchase decisions.
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| Investors |
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Investors can use FinAlyst to evaluate the IRR for several investments or to calculate their ROI on existing investments.
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| Lessors |
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Lessors can use FinAlyst with its “balloon to a fixed sum” feature to evaluate the relationship between the residual value of the leased items against the desired rate of return.
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| Lessees |
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Lessees can use FinAlyst to compare the cost and benefits of a leased item versus a loan scenario for the item. This can include tax and inflation calculations.
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| Lawyers |
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An attorney is often called on to put an amortization schedule in a contract. Also for embezzlements the FinAlyst product can be used to impute interest on ill-gotten gains and produce a detailed loss analysis including the time value of money.
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| Bond Investors |
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FinAlyst can be used to determine the purchase price of a bond or the yield on a bond to maturity.
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