Financial information is the most vital management tool for any business and is usually in short supply. Often this is because of lack of time or resources and the challenge is how to overcome it. Many businesses outsource some or all of their accounting work. Sometimes it may be just bookkeeping, payroll or VAT, but often the preparation of management accounts, but this is really just a starting point to improving the performance of your business.
How can we help you improve the performance and profitability of your business?
We will identify key management information and indicators, tell you which products, services and customers are profitable – and more importantly which ones are not. We will help you identify where you can make efficiency savings and improve your turnaround times and how you can improve your working capital cycle so that you become less reliant on external financial sources – such as your bank.
Cars may come with Sat Nav but businesses don’t, so it’s important to know where your business is going. If you haven’t got a basic strategic plan for your businesses and budgets based on that plan, why not? Probably because you don’t have the time or resource.