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What are the Key Benefits for a Bank to Partner with V20:20?
Banks and Accountants are experts at assessing credit risk - What about Business Risk?
With the centralised operations of V20:20 managing a team of over 75 Top Business Consultants, the Banks can be confident that their clients can survive the current economic crisis.
Cash flow trends can signal operating difficulties long before management or strategic advisors such as accountants will admit to a problem with a company.
By augmenting the financial management of the banks and accountants with specialist cost management and sales growth experts, more companies will have a chance to survive the current economic downturn.
What this really means to the bank is as follows;
- Reduced risk to Loan Book, by receiving expert opinion on commercial viability of clients
- It removes risk to the bank at negligible cost and clarifies the position of many amber clients, where determining their viability is beyond the business expertise of the bank business managers.
- Improve credibility and standing with clients by a strategic focus on ‘Supporting’ Businesses in current economic environment
- Increased Profits due to Loan Book profile and less clients failing, thus reducing future life-term relationships and profits
- Increase shareholder value, by underpinning the medium/longer-term viability of Business Lending.
- Long term profit consolidation through an increased ability to cross/up-sell Financial Services & Products to satisfied customers.
If you are interested in talking to v2020 about how your Bank could see these benefits immediately, please email us consultant@v2020.ie
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