Choosing the best IT partner is a challenge and there are a lot of aspects that you should look into before making a final decision.
What is the financial situation of the company you’re considering to start a partnership with? How to make sure that, apart from the technical knowledge and experience in software delivery, that they are reliable in case of starting a business with?
To save you trouble and ensure you collect data on all the important economic issues you should know about we prepared a free, fully editable tool. Built by our financial and business specialists it draws from our 20 years of experience in IT partnership with businesses from all industries. Used many times it proved to be a helpful and easy to use sheet.
With our tool you can look into a potential IT partner’s economic situation and make sure that you go into business with a trustworthy and financially stable company.
All the key aspects are enlisted, divided into sections and accompanied with expert comments. The tool is simplified and covers shortened form of P&L Statement, balance sheet, growth rates as well as profitability, liquidity, efficiency and debt indicators, finally makes it easy to compare data from the last four years.
It is important to well interpret all the data collected with our free IT Partner Finance Assessment Tool – FAT.
To draw accurate conclusions and make appropriate decisions on the basis of collected data it should be analysed by a person with substantive financial knowledge and experience with similar tools.
Our IT Partner Finance Assessment Tool is an auxiliary and it may not give you a clear answer to all your questions but it will definitely shed some light on financial aspects important to you when deciding on a partnership with a chosen company.
Feel free to download our template and make sure you choose the best IT partner to develop your product/service with.
Good luck with your project!