An AI financial health check agent reads the financial statements, filings or summaries the supplier provides and extracts revenue trend, profit or loss, cash position, debt and the date of the accounts.
Agent collects financial statements supplied.
Agent reads the main lines and period.
Agent compares across years and against set indicators.
Finance analyst forms a view on stability.
Assessment and conditions are stored.
Agent sets the date for updated statements.
It calculates simple ratios such as liquidity and gearing, compares them with the thresholds your finance team sets, and notes missing, late or qualified accounts.
It also notes how dependent your company would be on the supplier, based on spend and how hard replacement would be, so the finding is read in context.
Financial statements take skill to read, and the supplier's size and your dependence on it change how much a weakness matters.
Buyers often are not trained to read accounts, so the check is skipped or superficial.
The latest statements may be more than a year out of date.
Private and small suppliers often provide limited or no accounts.
A weak supplier supplying a minor, replaceable item is a different risk from one supplying a critical service.
A snapshot does not show direction, and the trend may matter more than the level.
The agent gathers the accounts or summaries supplied and records the period and basis.
Revenue, results, cash, assets, liabilities and debt are read into a standard layout.
Liquidity, gearing and trend measures are computed and compared with your thresholds.
Annual spend, criticality and replacement difficulty are noted beside the finding.
A plain summary with any warning signs goes to the finance reviewer.
Bring a small sample and watch Flo work through it.
| Aspect | By hand | With the agent |
|---|---|---|
| Reading | Statements are skimmed in many formats. | Agent extracts the main lines and period from each statement. |
| Trends | Only the latest year is considered. | Agent sets years side by side and notes direction of change. |
| Criteria | Judgements rest on personal habit. | Indicators are drawn from agreed criteria and shown with the source. |
| Exposure | Spend dependence is overlooked. | Agent shows planned spend next to the supplier's size. |
| Refresh | Checks are not repeated. | A review date is set from the risk tier. |
| If | Then | Who decides |
|---|---|---|
| statements are unaudited | note this beside every figure | Finance analyst |
| the period ended long before today | ask for newer statements | Buyer |
| the supplier's results fall across several years | show the trend and flag deterioration | Finance analyst |
| our planned spend is large compared with the supplier's size | flag concentration | Finance analyst |
| a going concern note appears | put it at the top of the summary | Finance analyst |
| indicators sit within criteria | draft a pass for confirmation | Finance analyst |
The agent notes the missing history and suggests alternative evidence such as funding details. The analyst decides what is adequate.
The agent notes that group accounts may stand in for the entity. The analyst decides if parent support is credible.
The agent records the standard used and flags that figures may not compare directly. The analyst adjusts the view.
The agent records the refusal. The finance analyst and business owner decide whether to accept the risk.
Talk it through with the team. We will map it to your steps and show where a person stays in control.
Define which indicators matter.
Have the agent extract and tabulate.
Add year-on-year comparison.
Schedule refresh by tier.
It shows how many suppliers that should be financially reviewed have a recent review. Low coverage means stale or missing checks.
Quick answers to what people ask most about financial health check.
Book a demoIt is a review of a supplier's accounts and ratios to judge whether it is stable enough to deliver. An AI agent can extract the figures and flag warning signs for finance to assess.
No. It highlights signs and compares figures with your thresholds. Predicting or judging failure risk is for finance and the business owner.
The agent notes the gap and records the reason given. A person decides whether to accept other evidence, such as a credit report or guarantee, or to decline.
That depends on your policy, usually based on spend and criticality. The agent applies the criteria your team sets.
Adverse media screening is the step of searching news and public sources for negative stories about a supplier or its principals, such as fraud, bribery, litigation or safety failures.
→A supplier credit risk check is the step of assessing how likely a supplier is to fail financially or default on its obligations, using credit reports, payment history and public records.
→Sanctions screening is the step of checking whether a supplier, its owners or its directors appear on government sanctions lists before you do business with them.
→Supplier ESG assessment is the step of evaluating a supplier's environmental, social and governance practices against your own standards, such as emissions reporting, labour conditions and ethics policies.
→Bring a small sample of real items. We will show what Flo handles on its own and where it hands over to your team.
