The combination of your business knowledge and our support services will help your business to grow and increase profitability.
Management accounts and information
Obtaining regular reliable management information is vital to the continued success of any business. Let us work closely with you to get to know your business so we can make suggestions to help improve profits or to develop and grow your business. We can prepare your monthly or quarterly management accounts to ensure you always have reliable and accurate information on which to base your business decisions. Our Value Added Services can review your credit control, stock control, budgeting and financial reporting systems and allow you to take full control of these key areas of your business.
Effective management information will allow you to seize opportunities when they arise or identify problems quickly so you can take effective corrective action.
Business planning and forecasts
Every business should plan to ensure success, but daily business pressures often conspire to delay the strategic planning process. Financial forecasts are a crucial part of any business plan and we will ensure these are both meaningful and robust. We can also help you address specific problem areas in your business such as gross profit, cost control and stock valuation.
Liaising with banks and institutions
We offer support when liaising with banks and other financial institutions. Drawing on our wealth of experience we can support our clients through this often-daunting experience.
Part time Financial Director support
Your professional and personal goals are central to our consulting services; we take the time to get to know you better so we can offer the best advice.
For many clients, our basic Compliance Services with their focus on recording and reporting historic performance on a reactive basis are perfectly adequate for their needs.
However, our support can stretch far beyond the essential compliance or “Bean Counting” services. It is true that many SMEs do not need a full-time Finance Director or CFO. Many cannot afford the cost of a full-time person. Almost all can benefit from the depth of experience, practical financial and strategic skills and knowledge that an FD can bring to the business. We aim to be your business partners, working with you to ensure the best possible chance of success – more akin to “Bean Growing” than “Bean Counting”.
Our Operational Support services are provided by experienced professionals who have held a range of FD or CFO positions in medium and large business, often in start-up organisations that have grown into substantial businesses. Whatever the issues your business faces they will almost certainly have had experience of it and have got through, round or over the problems.
We offer a range of services aimed at improving your Operation Performance by acting as your in-house Finance Director on a part time basis. Our focus is to improve the profitability and cash generation capability of your business through commercial and proactive advice on what you should do now and in the future rather than simply reporting on what has happened in the past.
The key to these services is regular, timely and meaningful Management Information through a series of Key Performance Indicators and the preparation of Management Accounts. There should always be some sort of budget or plan for the business to work to based on the owners’ objectives. We will also focus on improving internal controls, profit improvement through costing and customer profitability and improving your cash flow management. The outcome will always be supported by positive and proactive advice.
Where the business is facing non-financial issues, we can also introduce you to associated companies that can assist with Talent Management (recruitment, training and retention of staff), IT infrastructure and systems, Supply Chain, Sales & Marketing and Operations Management.
Information technology
Information technology (IT) is one of the key resources available to every business to achieve its short and long-term objectives.
Using the knowledge gained from our own systems and those designed for other clients, our in-house IT team are able to advise on IT related matters with first-hand experience. We can install software, provide training and help you to obtain the best from your chosen system.
Our expertise enables a complete range of services to be offered, including:
- software selection
- hardware selection
- installation and training
- management reporting solutions and
- payroll systems
If you are spending too much time writing up books, typing invoices and chasing debts we help to take control by computerising your accounts system. We can help you to make the best use of IT resource to produce financial information that is accurate and appropriate for running your business effectively. With the correct accounting software you will save hours of hard work leaving you more time to deal with the more important areas of the business.
In short, whether you are investing in new technology, reviewing existing systems or have simply outgrown your current resource, we can help.