Finance function systems advice, implementation and training
Technology is moving so quickly, it’s hard to know where to turn. The key question is: Is your finance function software giving you what you need to run your business well? Also, does your team keep up to date with the latest functionality already available to you? Are you benefitting from the efficiencies that automation offers, instead of having people still drowning in paper? If any of the answers are no, those inefficiencies are holding your business back.
Financial processes and controls optimisation
Is your financial management still very paper-based with manual data entry? “We’ve always done it this way” could well be a familiar mantra. But outdated ways of handling the finances and controlling the money could prove harmful for your business. There’s a better, more time-efficient and less labour-intensive way to run finance teams. Putting a few best practice financial processes, tools and controls in place will make a world of difference and keep you safe as you grow.
Team organisation, management and development
Not sure where to start or how to approach developing or managing your existing finance team? Are you (or they) feeling frustrated by limited capabilities that result in delays, a lack of meaningful management information and even errors? As businesses get bigger, they need the expertise of a financial controller, or even a CFO, to supplement the bookkeeper or accountant, to provide proper support that helps improve profit and cash. But many businesses struggle to access appropriate expertise on an affordable basis, which is where we can help.
Compliance and tax
Does the cost of your year-end accounts and tax filing support seem to be getting more expensive? Do you worry about whether your company is on top of its statutory requirements? Do you get last-minute emails from your accountant saying you need to pay your annual tax bill next week? Could your decision-making be a bit more streamlined? Learn how you can minimise effort and risk, and not get any nasty surprises, while optimising efficiencies all round.
See what other SME owners say about how streamlining their financial management has helped set their business up for success.
“The difference YRH has made to our business is huge. Smplicity probably would never have been in the same position if we didn’t hire, YRH’s services. They gave me the confidence that I needed to run the business.”
Goolshun S Belut
Managing Director, Smplicity Consulting
“For the second time now, at year end, we have an unqualified auditor's report that's very much down to the hard work and effort that YRH has put into working with all of our teams across the business, to make sure that the accuracy of our reporting is first class.”
John Biggin OBE
COO, The Forward Trust
Following a period of growth and expansion an international online retailer found themselves in the situation where they had outgrown the functionality provided by their existing accounting system Sage 50.