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Financial Management
"Before you can really start setting financial goals, you need to determine where you stand financially." ~ David Bach
BPS advisors work with you to improve your organisation's financial management. Our diagnostic tools will give you a clearer understanding of your financial performance, put controls in place to help you manage finances, and develop a more sophisticated financial management system. Our financial review process includes:
- Business benchmarking within your industry to help you define competitive priorities and set key performing indicators.
- Identify measures that lead the profits in your business. Management usually finds it easy to spot a need for change, but only after things have gone wrong. BPS advisors help you evaluate those measures before they fail.
- Numbers-driven managers often end up producing high volume, low-quality data. Our consultants will assist you in producing relevant and timely financial data with reliable results.
Our services include: Forecasting and Budgeting, Management Accounts, Compliance Services, Bookkeeping Services, Accounts Payables, Purchases and Payment Controls, Accounts Receivable, Revenue and Receipt Controls, Asset Management, Capital Works, Venture Capital Works, Government Grants, Monthly/quarterly Advisory Board. The process of discounting can actually have a detrimental impact on your bottom line. The table below highlights the relationship between discounting and price increases on sales revenue at different levels of gross profit.
The diagram to the right illustrates the BPS approach when reviewing your Financial Management System.
