I recently read this article, and whilst the piece is centred around the credit insurance industry I think it is a matter of time before other financial institutions begin to request management accounts.
I used to be a credit insurance underwriter before setting this business up in 2006 and have often wondered how I could produce relevant information for credit underwriters to assist with their decision making process. The layout and content was never the issue, after all I know what underwriters want to see, but it was cross checking the data to ensure accuracy that posed the problem. That was resolved a couple of months ago which is why we are now in a position to offer this service of producing underwriter friendly management accounts.
Highlighted in the piece is why the underwriting houses want the information given the way the economy has changed since 2009, but actually it could have greater benefits that are not immediately obvious.
I used to be a credit insurance underwriter before setting this business up in 2006 and have often wondered how I could produce relevant information for credit underwriters to assist with their decision making process. The layout and content was never the issue, after all I know what underwriters want to see, but it was cross checking the data to ensure accuracy that posed the problem. That was resolved a couple of months ago which is why we are now in a position to offer this service of producing underwriter friendly management accounts.
Highlighted in the piece is why the underwriting houses want the information given the way the economy has changed since 2009, but actually it could have greater benefits that are not immediately obvious.
