Can you recall the context of the creation of the OPALE tool?
OPALE (Online Business Positioning and Analysis Tool) is an online financial analysis service that allows managers to measure the performance of their own company and compare it to that of their sector of activity. The Banque de France, which wishes to support entrepreneurs as closely as possible, developed this tool at the end of the 2010s. As part of the public service, it is today completely free and very easily accessible from the management area. (personal space, secure and intuitive, accessible via France Connect).
What are the main financial indicators analyzed by OPALE?
The analysis is structured around 4 major financial themes. For example, to better assess the financing of the operating cycle of your company, which is a major problem for companies and which requires regular monitoring, the ratios of the components of operating working capital requirements (inventory turnover, customer and supplier payment times) will be detailed and compared to those of the sector of activity.
Since the launch of OPALE, have you observed increasing adoption by businesses? What is the feedback from users?
Since the launch of the manager space last March, the number of OPALE downloads has increased more than we anticipated, proof that it meets the expectations and needs of entrepreneurs. The comments from Jura business leaders are very positive. They particularly mention the ease of access and the usefulness of the product.
How does the OPALE tool stand out from other financial analysis tools available on the market?
Within the Banque de France, there are two exclusivities. The first: the outstanding bank credits used and usable by the company and those of the sector of activity. The second: unpaid debts from the sector and the company. In addition, the comparison sector, chosen by the manager, takes into account the completeness of the balance sheets at the national level.
Is the tool accessible to all companies, whether SMEs or large companies?
OPALE is accessible to legal representatives of companies of all sizes. The only condition is to have issued two consecutive complete tax packages. Companies that produce a simplified tax return and individual companies cannot benefit from this financial diagnosis.
What are the key aspects that make OPALE particularly useful in financial risk management?
Entrepreneurs often wonder if the profitability of their business is satisfactory, if the funds are sufficient, if the company is not too indebted. The diagnosis will allow them to answer it.
How much can OPALE contribute to helping businesses prepare for the changes to come?
OPALE provides totally objective insight to managers to help them in their decision-making. It is a decision support tool.
B.B
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