#1 Client Engagement Tool
The Risk and Value Driver Assessment or ‘RAVDA’ is Bstar’s top rating risk diagnostic tool used to convert existing tax and compliance clients into advisory clients.
You can use the RAVDA for multiple purposes including valuing a business, an annual review of your clients’ business performance, in tax planning meetings or as part of your process when on-boarding new clients. It is the primary source of data for Bstar’s bi-annual SME Research Report.
Non-Financial Internal & External Risks
The RAVDA is unique; it examines key internal and external non-financial risk and value drivers that affect business performance and values.
Bstar’s Alliance Partner Program includes a short and full version of the RAVDA. The full RAVDA is available in a range of different industry specific versions and your clients’ risk score can be benchmarked against other comparable business risk scores by accessing one of the largest databases of RAVDA benchmarks.
Step 1 of Bstar’s Advisory Services Process
Send the RAVDA to your clients so they can complete a free risk diagnostic on their business.
After reviewing & discussing the RAVDA with your client you can generate multiple fee growth opportunities, business advisory reports and solutions including:
Business Performance Indicator Reports
A snapshot of a business’s:
It uses Data Analytics to determine:
Opportunity – Amalgamated RAVDAs
If you advise multi-owner, generational family, farming or private enterprise clients creating a shared vision for the future direction of their business can be challenging.
A special feature of the RAVDA functionality enables you to amalgamate multiple client RAVDAs and then show your clients where they are aligned/misaligned on key risks and value drivers.
Bstar provides a defined framework that we can scale
"We were offering Business Advisory services to our clients, but we didn’t have a structured and repeatable way to deliver on a consistent basis. Bstar provides a defined framework that we can scale, ensuring we deliver what we say will to our clients each and every time. Without Bstar, we wouldn’t be able to offer the suite of Business Advisory Services we do today, meaning we’d miss out on a huge opportunity to grow both our business, and our client’s businesses."
Drue Schofield, 4Front Accountants
The Bstar process and tools align perfectly with our delivery model
"We appreciate the value in systemising an offering and Bstar was fundamental in allowing our practice to do that. The Bstar process and tools align perfectly with our delivery model and provide structure to what has always been an adhoc and somewhat intuitive process."
Jared Favero, Godbee Favero
"We see the value in partnering with industry experts and access to data that assists our clients (and ourselves) identify KPIs appropriate to their situation."
Matt Connor, Medical Financial Group
The latest and best tools to assist our clients prosper and grow successfully
"To be able to provide our clients with the best possible advice and support we can, in choosing Bstar to partner with we are confident that we will have the latest and best tools to assist our clients prosper and grow successfully in any future business plans they have. We want to provide a value-added service to our clients for whom we are currently providing compliance services, in the ever increasingly complex business environment, we believe that our role is even more important as being a trusted adviser to our clients and assisting them in their future decisions."
Stephen Noble, SJN Chartered Accountants
Bstar support their Alliance Partners to help them achieve results
"We made the decision to become a Bstar Alliance Partner for several reasons. First and foremost, product quality and development, Bstar is a well-respected brand in the business arena and Support. Bstar stand behind their product and support their Alliance Partners to help them achieve results. It’s very personalised and genuine and both are happy to pass on a wealth of knowledge and experience."
Tony Kolker & Rob Femia, ROCG Stirling