SUPPLY DEVELOPMENT CFO CAPACITATION PROGRAMME FOR QUALIFYING SMALL ENTERPRISES (QSE)
THE PROBLEM WE ARE SOLVING
The corporate has offered an entrepreneur a material contract above R10 million that may impact a critical part of the business operations and you need a partner to monitor their ability to sustainably deliver on it, and still understand the challenges they face.
FINANCIAL TRANSFORMATION JOURNEY OBJECTIVE
To organise the business for expansion, value creation and wealth building.
THIS IS WHAT A BUSINESS NEEDS THE MOST AT THIS STAGE:
Backoffice Support & Supervision:
Timely recording and processing of financial transactions and compliance with laws and regulations to take advantage of opportunities available to lessen the dependency on the corporate sponsor. Finance Digitisation to automate the back-office support activities and add a layer of supervision to enable segregation of duties.
Customer Readiness:
Be a responsible corporate citizen to enable business - to - business engagement.
Working Capital Management:
Monitoring and managing customer collections and supplier payments.
Cashflow Management:
Finance schedule payment of suppliers after collecting from customers as an initial form of funding.
Funding Readiness:
Above solutions for EME, funding for business capacity building, processes improvement and systems enablement.
Growth Aspirations:
Grow the revenue to more than R20 million pa.
Business Planning:
Budget and forecast that translates the defined business strategy to graduate the business to a growing organisation.
Monitoring & Evaluation:
Scheduled management meetings to review business performance and make informed business decisions.
Profitability Aspirations:
Desired gross profit and net margin % are met.
Build Trust:
A governance structure that attracts more funding for expansion, mergers & acquisition or consolidation in the market.
Process Enhancement:
Documentation of business processes to enable scaling.
THE PROGRAMME INCLUDES THE FOLLOWING SOLUTIONS:
Finance function digitisation roadmap
Annual Budget and 2-year forecast
Documented finance standard operating procedures
Back office support (if required)
Back-office supervision
Working capital and liquidity management
Cashflow management
Monthly management accounts
Management meetings to present and discuss the business financial performance
