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Bankruptcy and Financial Standing Models Application for SMEs

Authors:
David Plandor
Lenka Landryová

Keywords: finance module; financial health; bankrupcy model; financial standing model; SME

Abstract:
This paper describes a system from software application research, development, implementation and testing. The final software tool is a web-based application used as a finance module by SMEs within the FutureSME portal, which supports small and medium companies for better competition on the market. The finance module offers three bankruptcy and financial standing models for evaluation of their financial health. The results are crucial for their ability to get a loan from banks. The self-assessment way of getting results does not require any advisor or bank representative. The described tool was used in practice by partnering companies.

Pages: 161 to 164

Copyright: Copyright (c) IARIA, 2012

Publication date: November 18, 2012

Published in: conference

ISSN: 2308-4235

ISBN: 978-1-61208-230-1

Location: Lisbon, Portugal

Dates: from November 18, 2012 to November 23, 2012