A LONDON-BASED SOFTWARE platform designed to automatically track and calculate a company’s value will soon be made available to over 5,000 Libro Credit Union business clients (owners), after the Libro and interVal announced they have partnered to provide owners better insights on business valuation, risk mitigation and management strategy.
The interVal platform, in essence, integrates into and tracks a company’s accounting data to produce financial summaries and reports, as well as provide a real-time valuation of the business. It’s a tool primarily aimed at accountants and financial professionals working with businesses.
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“Your clients are busy running their business ― and you can help them succeed,” the interVal website reads. “Having real-time access to analyzed data directly from your clients’ accounting software allows you to provide proactive solutions, even before they realize they need it.”
For the people running the business, the service aids them in tracking numerous metrics that contribute to the overall value of the company.
“Upwards of 85 per cent of an owner’s wealth lives inside of their business,” the company writes. “This is money that will fund retirements, finance future investment opportunities and secure generational prosperity.”
InterVal also provides a faster, more secure way to share that accounting data with financial advisors.
“Libro is an ideal partner because they take their role in creating a prosperous outcome for their business owners very seriously,” says interVal CEO, Trevor Greenway (a London Inc. 20 Under 40 alumni). “With the interVal platform in place, Libro is providing an additional layer of shared insight into how valuation driven decision-making can influence success.”
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“Part of our coaching philosophy and effort to grow owner prosperity includes delivering tools and technology to our business owners so that they can focus on running their business,” adds Steve Bolton, Libro’s head coach and CEO. “Using this tool, we can help member-owners unlock real-time insight from accounting and other data they’re already producing.”
The interVal-provided insights will be made available to Libro’s business member-owners in the new year.
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Back in April, interVal closed a $1.5-million investment round, which they signalled would be used (among other aspects of growth) to develop a series of proprietary algorithms that will help drive success for small businesses.
“InterVal has big plans for scale across North America where its platform will drive success for many small businesses and increase efficiencies for their professional support networks,” said investor Scott Coffin at the time. “We anticipate dramatic growth and wide adoption of interVal’s technology across many use cases and industries and we are excited to be a part of that.”
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