Learn how Equitest® can help Accounting Firms and Business Advisors
Case Study
AAC Accounting
AAC Accounting is a small European-based firm specializing in taxation, valuation, auditing, and financial consulting. Started in 2014 the company has a strength of over 5 employees and works with clients, meeting their tax and accounting requirements.
50% Faster
Time to Evaluate a Company80% Higher
Customer Satisfaction32% More
Valuation Reports Sales47% Increase
In Company's ProfitsThe Case breakdown
1
The Challenge
The client was looking for a way to automate the tedious process of creating professional business valuation reports
2
The Solution
Replacing manual valuation and Excel templates with Business Valuation Tool or Business Valuation Platform
3
Our Approach
Ai Business Valuation Software that makes business valuation easier and faster
4
The Result
Customer satisfaction improved, and the company's income and profit increased significantly
The Challenge
One of AAC Accounting's essential services is business valuation. The service is provided for several purposes, including mergers, business sales, negotiation, resolving liability disputes, and determining shareholder equity.
The firm offers business valuation services to clients from multiple industries, including new ventures and startups looking for financial help. The company approaches the investors on behalf of the clients. Calculating the genuine worth of any company is an integral part of the deal. However, the business valuation process to uncover the true worth of a company is quite complicated, overwhelming, and time-consuming.
This is how firm recalls the experience…
We heavily relied on excel spreadsheets to do company valuations. It was a manual effort, making the process labor-intensive and time-consuming. On top of that, it was often challenging to justify the valuation assumptions.
However, the process was not only time-consuming and labor-intensive but also required more additional staff to proofread documents.
To simply streamline and speed up the process, it was obvious that the company must be looking for the software that could do the trick.
We wanted to eliminate the hassles and complications from the valuation process. That’s why using the right business valuation software was the need of time.
Offering a quick, accurate valuation service is also vital to stay competitive for them in the European market.
The Solution
The company came across many tools while looking for the proper valuation software. Enter Equitest®!
AAC Accounting examined various tools for valuing companies and found that Equitest® was equivalent to all the leading business valuation software on the market. It is an alternative to Equidam, an alternative to Bizequity, an alternative to Valuesource, and an alternative to Valuadder, Nimbo, Pwc-evaluation and others.
Sure there were plenty of tools to automate business valuation. But We were looking for the one that could be easy to use as not everyone was tech-savvy in the team. Plus, the tool should include flexibility with several valuation approaches and quickly provide accurate results. We must say Equitest® ticked all the boxes perfectly.
Equitest® lets them discover the worth of any business within 30 minutes, along with accurate financial reports. This way, the accounting company could generate values and results in real-time.
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min
Average Time To Evaluate
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Valuation Methods
Our approach
How Equitest® Changed The Game for AAC Accounting
Making Business Evaluation Easier and Quicker
Using Equitest®, the accounting team could now evaluate any clients within 30 minutes when a manual process like a spreadsheet-oriented approach required stressful manual inputs, adjustments, and tweaks.
With Equitest® in place, they just needed to insert fewer inputs, and the tool would do the rest of the task.
It saved them a lot of time and effort, which could be invested in analysis. Their clients recognized their efforts in increasing value and hired them for more projects.
% More Valuation Reports Sales32%
% Increase In Company's Profits47%
% less Time to Evaluate a Company50%
Higher Customer Satisfaction80%
Simplifying Comparison
Peer group analysis is an important part when it comes to business valuation. However, it might not be easy for some companies to find the right peers in terms of sales, market share, and size. Equitest® made it easier for the accounting firm to find appropriate peer comparison groups for the companies they valued.
Speeding Up the Calculations
Valuation involves a lot of calculations. Thanks to those working and reworking figures, it takes several days to make assumptions. AAC Accounting admitted that it used to take them 50 hours to work on valuation before using Equitest®. The calculation would eat up most of the time. Equitest® completely changed that scenario and helped them save time on calculations.
Preparing Attractive Valuation Reports
Creating professional customer-friendly reports took a lot of time. Equitest® creates a professional business valuation report within 30 minutes.
Start your free Valuation now
The Result
The ability to quickly come up with an efficient valuation using insights from the AI Business Valuation Software of Equitest® lets the team of AAC Accounting focus on essential points in their process.
Before adopting Equitest®, each project would go through a one-to-two-week research period to identify the proper transactions and peers and collect, validate and prepare the essential data. Depending on the analyst and the industry, 30-40 hours could be used for that project alone.
Today, even intense research can be done in a couple of hours with Equitest®. Apart from taking mundane tasks such as formatting, fetching data, and preparing reports off their plate, Equitest ensures them the following additional advantages:
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Streamlined valuation process
- Manage Cap-tables
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Building Efficient Presentation
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Creating Investment Proposal Letters
The Equitest® valuation tool allows a team of two accountants to complete dozens of valuation reports in a month.
This is how AAC Accounting thanks Equitest® for saving time and hassles—
This is how AAC Accounting thanks Equitest® for saving time and hassles—
With Equitest®, we can now prepare ourselves before interacting with clients and get a lot of data to support the valuations. We secure more deals as we present the reliable data earlier than expected
About Equitest®
Based in Israel, Equitest® is an online valuation platform catering to the needs of financial domains and valuation practitioners with its data-driven tools for more efficient analysis.
It empowers them to conduct accurate valuations in minutes while addressing the issues of complicated tools, lack of data, and time-consuming reporting.
Equitest® is driven by one primary goal--to let the users know the firm's worth, at any point in time, through a simple and affordable solution. The tool fetches reliable market data from verified financial databases.
Equitest® was founded by Dr. Levy who has a Ph.D. in Finance, an MA in Business Economics, and a graduate of the Actuarial Program.
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