Viewing annual accounts gives you an insight into the financial status of a company.
When you’re prospecting for new customers, for example, you may find it useful to review the accounts of the company beforehand to assess their viability as a prospect.
Monitoring the financial status of companies with which you already work, such as customers or suppliers, ensures you’re better informed in terms of their ability to fulfil their financial obligations to you. You may make decisions on the agreement terms of a new business relationship based on the company accounts information.