Financial process

Others feel their admin team has grown more than their business and the back-office function is costing more than an additional salesperson. Or their admin team constantly seems to be falling behind – with everyone always busy, but little obvious progress. Building a strong back-office ‘platform’ will help you and your team run the business more efficiently and cost-effectively.

Even worse than having inefficient processes is not having appropriate controls in place – but this is quite common. It could be something as innocuous as not seeing the unpaid customer invoices report every week. Perhaps salespeople are changing T&Cs for new customers without approval – or the ‘finance person’ is making payments without anyone checking them. Good controls ensure everyone knows there are checks and balances keeping the business safe – but they won’t be noticed in the running of your day-to-day activities.

Fundamentally, as your business grows, your finance function needs to adapt to become a better, more efficient and less labour-intensive engine at the heart of it all. It’s time to tighten up.

5 benefits of optimising your financial processes and controls

1

Remove any duplication of effort within your accounting processes – and your business.

2

Take advantage of easy automations that save time and effort for everyone – and reduce your overhead costs. Get a clear picture of business finances

3

Benefit from the implementation of tighter, more streamlined financial processes.risk of bad debt

4

Know that appropriate checks and balances are in place and keeping your business safe.

5

Build a back-office ‘platform’ that enables you to grow easily and pain-free.

“YRH Finance Team has given me complete clarity on our finances which means I can sleep a lot easier at night now. They exceed in catering to our individual needs, providing us with a package that's right for us. ”

Olly Richards, CEO, storylearning.com

Testimonials

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Learn more about how optimising financial processes and controls can help your business:

Your guide to accounting automations

Automating aspects of your accounting function can be a fantastic time-saver and will also help you unlock a whole host of benefits. Download the guide to find out how automations can help you:

  • Increase efficiency (cost savings)
  • Improve profits and cashflow
  • Reduce mistakes (and business risk)
  • Save people’s time around the business
View the guide
Accounting automations

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