Accounts reporting: from business inhibitor to business enabler
Revas provides the right management reports to facilitate company growth.
This London-based professional services firm had a Finance Department of four staff. They also ran a separate sales ledger software program, which was tailored to their industry, as well as a generic accounting software package.
The bottom line was that their systems were failing to provide the breadth and quality of management reports that the managers needed in order to grow the business.
After an initial free consultation, the company’s management team selected Revas to rectify the situation. The service package that was agreed means that Revas now undertakes all the weekly reconciliations and provides weekly and monthly reports, using secure remote access to the company’s accounting software.
Business benefits at a glance
- Freedom to focus: the company’s directors are spending far less time managing the Finance Department, leaving them more time to focus on growing the business.
- Compliance is confidence: the company has enjoyed compliance gains, because VAT is now correctly claimed as soon as it is eligible.
- Information is power: prompt and quality reporting – together with more time to analyse such information – has enabled the directors to develop their core business.
- Significant savings: on top of these strategic benefits, in bash terms, the company is now saving an average of £4,800 a month
Revas turned this firm’s management reports, which were inhibiting company growth, into accounting information that actually empowered expansion, as well as delivering more management time, greater compliance and significant cost savings.
