The client had employed an incompetent CFO and then proceeded to implement a new computer system in order to streamline the business. The lack of experience in installing the computer system resulted in the business information becoming so poor the business was no longer been able to be managed.and could have resulted in an administrative process.

The accounts department was restructured with competent staff, the computer system was removed from the company and a structured process of implementing two new systems was setup. The two new systems were then introduced in a structured manner.

As a result the two new computer systems were implemented and shareholders regained control of the company. The costs of the financial department were reduced.  But the accuracy and timely reporting of the monthly financial reporting were significantly improved. The resulting cost savings included a reduction in accountant fees due to poor financial information.

A number of clients manage their cash flow on a daily basis. As a result critical payments are missed and can jeapardise the company’s ability to continue trading, loss of credibility in market place and demotivated staff.

Introducing a simple cash flow tool allows management to focecast their cash flow forward and to manage cashflow on a day to day basis Ensuring the accounting staff understand the importance of cashflow and teaching of the staff to manage the cashflow daily.

The reduced management stress as a result of having a cash flow plan allows management to focus on running the business. Cash shortfalls are identified in advance allowing management time to develop alternative strategies than been advised on the morning when employee salaries are due that there is insufficient cash available.

Certain companies do not produce monthly financial statements, review those statements, develop KPI’s and forecast the financial performnane for the next 12 months.

Introducing monthly financial statement with the Improcus M4RI schedule and forecasts provides management with the tools to improve performance through key drivers within the business. Improcus provides training on understanding, interrupting financial information and developing action plans achieve higher standards.

These KPI’s are then developed into scorecards and related benchmarking of the business is undertaken.

The owners / directors / management of the business grow in confidence understanding the businesses performance resulting in improved decision making within the business. This results in improved foundations and creating value within the business.