Risk & Value Driver Assessment (‘RAVDA’)

Risk & Value Driver
Assessment (‘RAVDA’)

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The Risk and Value Driver Assessment or ‘RAVDA’ is the number #1 client engagement tool used to convert existing tax and compliance clients into advisory clients. We recommend you embed the RAVDA as part of your process when on-boarding new business clients as it will enable you to quickly gain a deeper understanding of their business and create a point of differentiation.

Bstar’s Alliance Partner Program includes SME and industry specific versions of the RAVDA and the largest database of RAVDA benchmarks.

Once you complete a RAVDA with your client you can generate multiple fee growth opportunities, business advisory reports and solutions including:

Business Performance Indicator Reports

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RAVDA Scorecards

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Automated SWOT Analysis & Business Improvement Plan Reports

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Business Value Estimate and Assessment Reports

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Business Performance Indicator Report

It features a snapshot of a business’s:

  • Top strengths & weaknesses;
  • Key issues & high concerns ratings; and
  • Introduces industry benchmarks.

Business Performance Indicator Report

RAVDA Scorecard

It uses data analytics to determine:

  • A risk & value driver rating;
  • Future value improvement opportunity; and
  • An improvement timeline.

RAVDA Scorecard

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’s RAVDAs and then show your clients where they are aligned/misaligned on key risks and value drivers.

Alignment & Concerns Report

Testimonials

  • 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

    www.4front.net.au

  • 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

    www.godbeefavero.com.au

  • Industry experts

    "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

    www.medicalfinancial.com.au

  • 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

    www.sjnca.com.au

  • 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

    www.asiapacific.rocg.com

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