6. Start-Up Finance Team

Software start-up 

No finance function

No controls

Need: information and control

Outcome: Part-time finance function installed; monthly management accounts created; forecasting implemented; large VAT reclaim

  • Processes: Processes designed and implemented for purchases, sales, banking appropriate to the business
  • People: Part-time finance manager implemented, supported by external FD; minimal cost on the business
  • Systems: Cloud-based accounting system implemented with additional forecasting templates created and introduced, giving clarity to the management.