Financial Management
Cash Flow Management
- Prepare cash flow budgets and projections.
- Measure actual cash flow against projected cash flow and investigate any variances.
- Maximize utilization of supplier terms.
- Efficient collection of customer balances owing.
- Close scrutiny of inventory levels and slow moving stock to ensure cash is not tied up unnecessarily in inventory.
Cost Control
- Measure budgeted costs against actual costs and investigate any variances.
- Detailed monthly analysis of costs to identify excessive spending trends.
- Continually negotiate controllable costs such as merchant fees, bank fees, interest payable, etc.
Payroll
- Our software enables us to easily and seamlessly integrate with the payroll provider of your choice
- We will manage your payroll and maintain your payroll records.
- We will calculate deductions, pay your employees, and remit your source deductions to the appropriate government agency
Financially Distressed Companies
- Company re-structuring
- Creditor negotiation on amounts due and prices charged
- Collect all monies due
- Cost reduction. Eliminate non-essential costs and reduce essential costs where possible
- Identify non-profitable products
- Identify non-profitable customers
- Review gross margin percentages per product
- Negotiate with lenders to reduce interest and extend payment periods to make repayments affordable
- Revise business model and budgets
