When an organisation is under-performing, it’s very rare that the problems are centred in one area. TransformFinance can review all elements of the finance function and identify issues that cut across streams and run through the whole business. By engaging our consultants, process experts and programme managers you can be certain that all relevant issues will be fully assessed and acted upon.
TransformFinance will spend time with your team to perform a fast diagnostic review: establishing the true situation and assessing the available options. Within days, we will present you with a full report showing the opportunities and challenges within your finance function and our plan to turnaround your organisation. You choose whether to appoint TransformFinance to implement the plan or to manage the plan with your own resources.
On appointment, TransformFinance will work with your team to manage and action the agreed plan – at speed. TransformFinance will introduce short-term process experts and project managers as required, as agreed and as per plan. The TransformFinance team will identify, agree and implement process and structural improvements to maximise efficiency within your finance function and across your business.
Our high impact approach means that within weeks your finance function will be showing measurable, quantifiable improvements, bringing real value to your business. Clarity in processes, efficiency improvements, clear direction will all help lift the morale of your team and free-up resource and time Changes introduced will show financial reward in the form of cash benefit, clarity, profitability, financial stability and many more ways.
The benefit to your business will be at least 100 times greater than our cost
DSO at 73 days; overdraft £20m.
Need: Fix the cash crisis.
Outcome: DSO reduced to 38 days, Overdraft zero.
Need: reduce cost base by £35m.
Outcome: Costs identified; £35m profit improvement; company now thriving.
Lack of quality financial reporting.
Outcome: Monthly financial reporting introduced; revised organisational structure; planned system replacement.
Need: add 5 pts back to margin.
Outcome: Margin stabilised and returned to target over course of one year – over £12m pa profit improvement.
Need: Cash to survive until funding secured.
No finance function. No controls.
Need: information and control.
Outcome: Part-time finance function installed; monthly management accounts created; forecasting implemented; large VAT reclaim.
Need: turnaround to profitability.
Outcome: Business achieved break-even within one year; returned to profitability in year two.