Faster, high-level health checks with the Financial Limit Assessment

If you’re a Fiable user, you know that sometimes you just need a higher-level view of your contractor’s financial capacity before you commit them to a more comprehensive Financial Viability Assessment (FVA).

Now, you can do just that by ordering a ‘lite’ version of the FVA.

Introducing the Financial Limit Assessment (FLA)

Today, we’re excited to announce the Financial Limit Assessment, a new option on the platform which offers a fast, high-level view of a contractor’s financial capacity.

Unlike the full Financial Viability Assessment (FVA), it doesn’t require a specific contract value. This makes it ideal for early-stage filtering and ongoing supplier health checks.

With the new FVA, you can:

• Determine project suitability
  Ensure contractors are financially capable of taking on specific projects before moving forward with a full Financial Viability Assessment.
• Undertake ongoing risk monitoring
  Schedule recurring assessments to track changes in financial capacity and detect potential issues before they escalate.
• Make much faster decisions
  Reduce the burden on contractors by requiring less documentation while still gaining meaningful insights into their financial position.
• Ensure stronger risk management
  Identify exposure risks by assessing a contractor’s Single Project Capacity Limit (the max value they can take on for one project) and Aggregate Project Capacity Limit (the total value they can handle across multiple projects in a 12-month period).

Use cases unlocked

1. Pre-tender filtering
   ‍Quickly narrow down large vendor lists before initiating full FVAs.
2. In-project monitoring
   ‍Track shifts in financial capacity over time without needing contract-specific inputs.

Goodbye to your admin load, hello Scheduling

Also dropped in this product release is a new scheduling feature, which will help remove the admin load when monitoring shifts in contractor financial capacity over time specifically with our FLA.

You have the option to schedule a single FLA ahead of time as well as configure reoccurring FLA requests to enable automated, scalable monitoring - allowing your team to focus on high-priority risks.

Easy to find and use

This new functionality also introduces a Scheduled tab featuring a calendar view, making it easy to identify and edit upcoming requests.

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