Making Sure your Financial Systems and Processes Measure up
You will know your systems are the best they can be.
You will know that robust controls are in place thereby minimising risks to the business.
You will know that you have the right people doing the right jobs in the finance team enabling you to sleep easy.
You are spending too much time trying to get the right information out of your systems.
What you do get is either too late or incomplete or not accurate enough to drive great decision making.
You have no confidence that you have a financial control structure which protects you against error or fraud.
In short, you are pretty sure your systems are not optimised and they are driving you – rather than the other way round.
If any of the following describe your recent feelings about your finance function:
You need some financial information which should be produced regularly – and it’s not
You ask for some one-off information and it takes a huge amount of staff time to produce
Your finance function doesn’t have the capacity to give you the information you need for decision making
You haven’t got a manual/bible of financial processes – reviewed in the last year – allocating responsibilities and identifying key risks and controls
We review your financial systems and processes
We review your internal controls and key risks
We oversee drafting of a manual of financial processes which means they are readily replicable and there when you need to cover sickness, holidays, staff leaving etc
We review whether your current finance function is able to produce the right information, error free and on a timely basis
We draw up a prioritised Action Plan
We present this to you and agree appropriate actions and responsibilities
What you get at the end of it
Your Tectona FD will present a report benchmarking what is produced monthly, the staff time needed to produce and look at how to reduce errors and minimise the need to call for one-off reports.
The report will show a number of options together with specific recommendations and a prioritised Action Plan. You decide which level you want to go for and we can then take away the pain by overseeing the whole process.
You contact us (phone or send us an email) and we aim to call you back within 48 hours.
We will have a no-obligation conversation to understand your needs.
If appropriate, we will introduce you to one of the team best suited to help you.