Financial Management
As a company, you want to concentrate on growing, improving your quality, keeping up with the market and if possible, becoming a pioneer. It all comes down to the fact that you want to focus on your core activity. Of course, everybody understands the importance of finance within their organisation, but you might not have a lot of time to concentrate on this yourself. Our Smart Business Solutions team can assist you with this.
Today’s world is not tomorrow’s and the same applies to your company. Your needs change because of growth, digitalisation, market changes, the economy, etc.
What is the current value of your organisation and what can you do to improve this? How are the liquidity, solvency and profitability of your company? Does your company need additional financing for further growth? Are you making enough profits? Are there financial risks waiting around the corner?
To all these questions and many more, our Smart Business Solutions team can help you get the answer. Together, we will analyse and help you understand your company’s needs based on your strategy. We translate this strategy into measurable objectives and effective processes to create a future-proof organisation that can react quickly when necessary.
We want to be your partner in growth!
From our role as finance manager we can help your organisation with the following topics:
Performance Management
Together with your management, we determine the right KPIs to monitor how your organisation and the people within it are performing. We analyse whether the predefined criteria are achieved and whether you need to adapt your focus, your processes,…
Forecasting
As a company, you are not interested in what happened a few months ago. You want to know how you are performing today, what can be expected in the near future (coming months) and which resources you will need. (Moreover, you need to know whether all assets can be deployed to ensure continuity and growth.)
These assessments can be based on actual data, predefined business drivers and assumptions. You can see a forecast as a tool to steer your company in the short term and as a way to achieve your goals in the long run.
Budgeting
Every company should do a yearly budget exercise as it is important to translate your medium and long-term strategy to your financial numbers. Where you see your company in the future and which resources and investments you need to realise this vision are all reflected in the budget. Starting from the budget, the management can evaluate in the medium term if your company is capable to achieve its predefined goals. From the given insights they can then determine if it is necessary to adjust the chosen strategy or not.
Cashflow management
Cash is the most valuable good in your company. It pays your bills, your employees, your shareholders, etc. Our Smart Business Solutions team helps you to optimise your cash flow so you don’t have to face any unpleasant surprises. We assist you with setting up an accurate planning and monitor the cash flow together with you.
Valuation
Hard work pays off, although this is not always visible if you don’t know your company’s value. This is a key indicator to determine if the company is performing well and to start steering your company from value-driven components.
Consolidation
There are various reasons why you need consolidated figures. One reason can be a legal obligation but it can also be for internal decision-making. As a group you don’t only want to know how your companies are performing, you also want to know how the group, in general, is doing. At BDO we can help you with the setup of a consolidation process that fits the size, structure and complexity of your group.
Benchmarking
To measure is to know. Knowing where your company is positioned compared to your competitors can give you very interesting insights.
Here are just a few insights you can get from a benchmarking study:
- How is our margin compared to the margin of our competitors?
- What is the stock rotation of our competitors?
- How is our cost structure compared to that of our competitors?
- What is the focus of our competitors and which approach are they using?
People management
You have your own finance team but it is missing some structure. From our experience as a people manager, we can create together with your staff a strong finance team where we focus on working together in a structured way and following the right procedures to avoid risk issues.
Continuous improvement
Just like your company changes, tools and methods are also changing. We keep monitoring continuously if the tools and processes that are used are still the right ones or if we have to update them and implement new ones. Continuous improvement is part of our mindset, it is in our DNA.