Services
We can provide the following services (sometimes in conjunction with partners)
• Establish/improve solid accounting and business processes for existing and new entities
• Establish/improve sound routines for closing the books each month and to prepare statutory financial accounts as well as supporting the preparation of management accounts
• Implement a reporting system that delivers monthly BS, PL and CF reports 10 days after the end of each month (15 days for external reporting)
• Establish and implement a reporting system for Key Performance Indicators
• Establish appropriate balance between compliance and risk-based efficiency, e.g. in accruals, statutory filings
• Process implementations of
o Revenue controlling, controls, reconciliation sheet, reality check
o AR, controls, reconciliation sheet, reality check, aging report analysis
o Bad debts, analysis, collections process. Recommendation for write-off policy.
o Purchases, controls and routines
o AP, routines for payments, controls
• Facilitate process improvements, including standardization and leveraging automation and systems (requires IT and systems assistance from Company’s financial systems personnel). Automation of controls wherever possible. Engineer the controls into the processes!
Additional:
• Liaise with and manage external/local accountants, auditors, tax authorities, etc
• Budget, forecast preparation for next 12 months. Comparison of actual and budgeted results
• Payroll – liaise with payroll provider, ensure routines are followed and working. Check controls
• Interim CFO as well as Strategic work
• Merger/Acquisition preparation, e.g. creating the historical accounting and key business metrics that tell the business’ financial story, coordinating information with the investment banker, preparation of financial data room
• New market entry in Brazil – local contacts, legal structure, registrations, company set-up, admin & processes