How to get return on investment for your Audit. For many the prospect of the Financial Year End and an upcoming Audit feels like a chore, it’s a necessity which many prefer to get over and done with quickly and its purpose is purely compliance and with it comes a hefty bill. What if I said it’s an investment, that …
High Performing Finance Teams — Why you need them, what they do for your business and how to get them.
The Finance function is no longer just about the numbers. All businesses benefit from a high performing Finance Team in-house as trusted, strategic advisers. But traditionally the role of the Finance Departments was is to ensure compliance and that the cash flow was well managed. Finance teams would remain in a silo, separated from the rest of the business, and …
Expanding into the UK — structuring the Finance Function
The UK remains an attractive economy in which to do business. With a central location, access to a diverse skill base and open trade many international organisations continue to expand into the UK. In fact, setting up in the UK is reasonably straight forward for companies who are not regulated by authorities such as the FCA or Ofcom. There are …
Setting up a Purchase to Pay Process
The Purchase to Pay Process (P2P) is the complete cycle from identifying a need to purchase an item, through selection of supplier, receipt of goods, invoice and payment. It ensures there are the right controls and processes in place to achieve the outcomes an organisation has highlighted as key to them. This could be low cost, best service, longest payment …
Auto-Enrolment Pensions Schemes
At the Sunflower Group we have a trusted network of partners and we actively share their thoughts, we are sure you will find the following insightful. The government initiative for Auto-Enrolment pension schemes came into effect as of October 2012. Throughout the past five years employers across the country have reached their staging date, resulting in over six million people …
Successful Sales Compensation Planning and Improving Business Performance
Selling is difficult and it’s hard to hire and keep good sales people. This can impact Business Performance, so how do we simplify it? Get your Sales Team’s sales compensation plan (Comp Plan) right and it will help engage and motivate them and ultimately drive the sales performance your business needs. Therefore, it’s critical that time is taken to develop …
Flexible Working – what impact does it have on company profitability?
What does Flexible Working mean? When I started my career I was able to work ‘flexi time’, this meant if I worked a longer day one day I could accumulate that time and work a shorter day another day. This was forward thinking back then and a revelation to my friends whose employers didn’t offer such things – it did …
To Budget or not to Budget, That is the Question… ?
For many businesses 1st April is the start of the new Financial Year. The end of one year and the beginning of the next is full of activity, stress, and excitement which is often driven by the business’ achievement against budget (or financial plan). So why are we so hung up on this, why do we sit up until midnight …
What information do I need to run my Business?
Today it is becoming more and more common to find Directors of successful businesses who are under 30. These directors are highly driven, passionate about what they do and have great ideas. They also have something else in common, they are not afraid to ask and not afraid to admit to say they don’t know something, what is even better …
A 2 minute read to improve your cashflow!
“Cash is King”, we have all heard this and when running a business it is critical. Here’s the scary bit… 4 out of 5 businesses fail due to poor cashflow, so let’s see what we can do quickly and easily to help you improve yours. Here are some quick ideas to do just that. Payment Terms Take a look at …
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