Apr 18, 2021
A technology firm specializing in small enterprises has debuted a platform with a business valuation capability, allowing entrepreneurs to accurately and quickly determine a company's worth.
San Antonio, United States - April 19, 2021 /PressCable/ —
Simplex Financials, a financial technology firm focusing on small businesses, has introduced Path, a software designed to estimate the value of an enterprise in real-time.
More information is available at https://pathbysimplex.com
With the announcement, the company aims to provide business owners with a means to make better decisions through advanced value analysis and tracking.
According to the company, the insights gained from its platform can be used to formulate exit strategies, as well as actions that can further increase the value of an enterprise.
Path is capable of producing “business snapshots” that display the estimated present value of a business. These snapshots also show the critical events that may positively or negatively impact this figure.
The platform also features the Earnings Approach, an option that helps users better understand a company’s worth. According to the company, business owners can use this feature to intelligently forecast a favorable exit strategy.
Furthermore, the system is capable of running “what if” scenarios, which are useful in uncovering potential revenue opportunities hidden within one’s operation. This feature is aimed at those who lack the skills to understand complex financial analyses as the software does everything for them.
Simplex Financials stated that Path’s snapshot feature was introduced to address the need of the market for a simpler way to appraise businesses. Its research revealed that less than 40% of business owners have had a formal valuation of their companies in the past three years.
In one of its examples, a client who wanted to retire decided to sell her successful ice cream company, but became worried after realizing that she doesn’t know its true market value.
“She has never conducted a valuation on her business or given any thought to what she may need in order to retire,” a company spokesperson said.
With the help of Path, she was able to assess the real-time value of her ice cream shop, which allowed her to sell it at the optimal amount.
“This platform is the first of its kind,” the spokesperson said. “We designed it to help business owners understand the current standing of their company and what they need to do to shape a better future.”
Additional details about the capabilities of the system can be found at https://pathbysimplex.com
Release ID: 89005966
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