“The whole is greater than the sum of its parts and this is an edit”
First coined by the philosopher Aristotle, this phrase aptly defines the modern concept of synergy. At Acuity, it embodies how we take our Financial Management Solution to the next level, bringing unparalleled value to our clients.
We give you a solution that completely takes care of the entire financial function within your business. From managing the sales process through to chasing the debt and everything in-between… we re-formulate and run your key financial systems and processes that underpin the operational aspects of your business to ensure the complete efficiency and optimization of your cash flow and profitability in your business. We ensure that your cash management is spot on and fully maximizes the available cash within your business.
You will benefit from a Financial Controller working with you to oversee your finance department, having regular meetings with you to hone your financial systems. The FC functions as part of your management team, helps in developing a strategic plan, and assists you in decision making. This includes timely reporting, business performance metrics, interpreting the numbers, enabling strategic control and direction. The FC is also responsible for management accounts production and cashflow forecasting.
In the absence of proper cashflow management, the business may run out of cash and struggle to obtain finance. Cashflow is the life-blood of all businesses particularly start-ups and small enterprises. If you are not managing cashflow adequately, you may face critical situations with suppliers, employees, or even insolvency.
Cashflow management means balancing the cash which comes in and goes out in a business. In order to manage the cashflow efficiently:
Failure to manage debtors in a timely, accurate and polite manner will result in serious cashflow problems as customers prioritise other suppliers’ payments.
Quick allocation of all receipts to the relevant customer accounts and re-sending of statements and invoices along with polite and timely reminders by phone and email result in reduced debtor days. You will receive a weekly collection report and a cash planning report from our team.
Our team can find cash in your business you never thought you had! The combination of advanced credit control and supplier management processes can ensure that you get more of the money that you are owed faster and only paying your invoices “just on time” means that you will see an upsurge in real available working capital within your business very quickly and because we are always on top of it will stay that way!
For a better way of doing business call our Financial Management team on 020 8545 2640