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Financial Viability Assessments

 What is this page

Request, complete, and manage assessments on your vendors. Inform your decision making with expert analysis, detailed risk profiles, and actionable insights.

What is on this page

A welcome banner with details of the page and what it does. The welcome banner also includes the main 'Order Assessment' CTA where a User can start the process of ordering an assessment.

Under the welcome banner on the assessment page you can view different assessment requests on different vendors. The requests are shown as cards on the main page and can be filtered by the stage the request is currently at with Fiable. The stages are Ordered, Completed, Declined, Expired, or All Assessments.

The cards show a snapshot of the details of the assessment request to help the User find the right assessment. These are:

  • Progress of the Entity’s Submission
  • Status of the Assessment (Ordered, Completed, Declined, Expired)
  • The progress of the Request within the Ordered Stage (Collecting Required Information, Under Review, Assessment In Progress) or the result of a completed assessment (Pass, Conditional Pass, Requires a Review, Fail)
  • Entity Assessed Name
  • Assessment Subject (which is likely the Contract Name)
  • Assessed Value
  • Ordered by User Name
  • Date Ordered or Date Completed or Date Expired or Date Declined

A sort dropdown, to sort the assessment cards by the User’s preference.

An export CTA to allow the User to export the current view of assessments as a CSV.

A search bar to allow the User to search for specific requests or entities.

What this page does

Ordering an Assessment

By clicking ‘Order Assessment’, the User commences the process of placing a new assessment request with Fiable.

This button opens the ‘Fiable Order Assistant’ which is a modal pop-up that steps the User through the process of ordering an assessment.

There are four (4) steps to placing an order.

  1. Location → The User selects the location where the vendor or entity is located. This is either Australia or New Zealand.
  2. Purpose → The User selects the purpose for placing this request. This decides what type of assessment the User is looking for but asks the question in a simple, straight forward way rather than relying on the User understanding what the differences are between assessments. The purposes are:
    1. I have to assess a vendor for a new contract. This is a Financial Viability Assessment - Tender Evaluation
    2. I need to re-assess a vendor who is currently working on a contract. This is a Financial Viability Assessment - Tender Evaluation
    3. I need to understand our exposure with a vendor. This is a Financial Viability Assessment - Concentration Risk Assessment
    4. I want to understand a potential vendor's capacity to undertake new work. This is a Financial Limit Assessment.
    5. I need to implement ongoing financial monitoring of a vendor as part of a risk management plan. This is a Financial Limit Assessment.
    6. I need to set up a recurring financial check. This is a Financial Limit Assessment.
  3. Project → The User selects the Project that this assessment is connected to. If the project has not been created in ‘Projects’ yet, the User can create it by clicking ‘Create Project’.
  4. Order Type → Whether the User wants the order to be placed now, sending the request to the vendor or entity immediately; or scheduling the request for later, adding the request to the ‘Scheduled’ page and sending the request out on the scheduled date.

Viewing an Assessments Details

When the User wants to view more details about an assessment request, they can click on one of the assessment cards which opens that request up as a new page.

On the Assessment Details page, there are up to three (3) tabs depending on the stage of the assessment request.

Overview

Under the ‘Overview’ tab, the User can view the progress of the assessment via the 'Assessment Progress Timeline'. This shows what stage the request is at while it is still in progress and who has actioned or is currently responsible for actioning the assessment.

There is a card showing the full ‘Assessment Details' for this request including:

  • Ordered By
  • Assessed Value
  • Date Completed
  • Responded By
  • Customer Reference
  • Date Ordered
  • Entity Identifier
  • Fiable Analyst
  • Contract Start Date
  • Critical Path
  • Contracted Previously with
  • Assessment Visibility

If the assessment is completed, there is an ‘Assessment Outcome’ card which shows the result of the assessment.

Documents

This tab allows the User to download any relevant documents for this assessment request. This includes:

Financial Viability Assessment
  • This is the full Fiable Report, containing the complete findings including Financial and Company Insights.
Executive Summary
  • This is a summary of the full assessment, allowing you to review the outcome and key highlights. It includes the result, Areas of Concern, and summarised financial statements.
Submission Feedback Report
  • This report contains limited information from the full assessment and can be shared with the subcontractor at your discretion to give them feedback on their submission.
Supporting Documents
  • These are any additional documents our Analysts have provided in support of their assessment.

Fiable Analyst

This Tab allows the User to book in time with a Senior Financial Analyst that completed the assessment. To do so, the User can click ‘Book now’ and follow the prompts on the page to schedule their review.

This tab is only visible if the assessment has been completed.

User Access Permissions

Depending on the User’s Role within Fiable, they will have different permissions and views on this page.

Owners → An Owner has full access to everything on the ‘Assessments’ page with no restrictions.

Managers → A Manager has full access to everything on the ‘Assessments’ page with no restrictions.

Agents → An Agent has full access to any assessments that they have requested on Fiable but will not see assessments that other Users have placed unless they have been granted visibility of a request by an Owner or Manager for it.

Viewers → A Viewer will not see any assessments unless they have been granted visibility of a request by an Owner or Manager for it.