You want to be able to present a consolidated view of your wealth to various stakeholders.
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.
Finance Digitisation to automate the back-office support .
Customer Readiness:Be a responsible corporate citizen to enable Business 2 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:Organise the business to enable it to secure funding for business capacity building, process improvement, innovation and system enablement.
Growth Aspirations:Consolidated view of the growth prospects of all group companies.
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
Backoffice supervision
Working capital and liquidity management
Cashflow management
Monthly management accounts
Management meetings to present and discuss the business financial performance
Annual Financial Statement
Statutory records pack that to meets FICA requirements for funders
CFO and Finance Manager to provide finance operation oversight and execute finance department projects