Digitally assessing the economic and financial health of companies

BUSINESS SECTOR

Public administration

COMPANY SIZE

AREAS INVOLVED

All

PERIOD

2017 – 2018

THE CASE STUDY

Synextya, in collaboration with Avv. Andrea Lolli and Avv. Tania Tomasi, participated as technological partner in the creation of a digital platform for the Emilia Romagna Region. The purpose of the application was to digitise and simplify the consultation of analyses on the balance sheet data of the main joint-stock companies and cooperatives in the Emilia-Romagna Region in order to assess their economic and financial health and provide a preventive risk indicator.

THE PROJECT

Since 2015, the Consorzio Futuro in Ricerca (CFR) has been the Accredited Innovation Centre to the High Technology Network of the Emilia Romagna Region.

It is a non-profit organisation, with public and private participation, which aims to promote the development and enhancement of human, scientific, technological and economic resources in and around the city of Ferrara. 

The Consortium promotes and supports research, innovation and technology transfer, acting as privileged interlocutor for Universities, Research Centres, Public Authorities, Industrial Companies, in Italy and abroad, fostering encounters between the generators of know-how, industrial organisations and the world of work.

THE CHALLENGE

A team of lawyers and consultants took up the challenge of implementing an objective evaluation system, based on a number of economic and mathematical indicators as well as qualitative social contextual considerations, for the definition of preventive risk bands to be associated with all major companies in Emilia Romagna.

THE SOLUTION

Starting with the sharing and digitisation of all historical balance sheet data of 613 companies in the Emilia-Romagna regionwith reference to the five-year period preceding the analysis, we managed to reproduce an automatic calculation system to generate a risk indicator, which can be automatically updated as new economic and financial data are entered over the years.

DESIGN ELEMENTS

Structuring the corporate database

Infrastructure and database design and implementation

Algorithm digitisation

Engineering the calculation system and automatic evaluation of the risk indicator

Frontend internal management

Design and development of a responsive web panel for consulting data and risk assessments, with an advanced search system and filters.

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