MANAGEMENT AND FINANCE
Ensuring effective financial management, improving planning and decision-making, managing risk and growth and solving problems.
Financial management
Financial management refers to all finance-related matters of corporate services outside of human resources management. It is concerned with the overall financial health of the organization. Key responsibilities include: funding, resource allocation, financial policies and practices, cash flow management business planning and reporting, and banking/government relationships.
For all of the above, strong financial leadership backed by sound financial management systems and practices strengthen the organization. Robust financial management also helps ensure compliance with external regulations and internal accountability. Many organizations benefit from advisory services such as ours in financial management to help with strategic and tactical matters or for special projects.
Planning and reporting
Planning gives you a vital roadmap for your journey forward. Its about implementing your overall strategy – setting specific objectives and targets for the year ahead. Key performance indicators and allocated financial resources contribute to assessing how well the plan has been executed and what could be improved going forward.
Planning and reporting include financial reporting as well and relevant costs for achieving and operationalizing the plan. Our advisory services are available to assist in this regard.
Risk management
With every goal and expected outcome comes anticipated benefits and also risks that could derail the plan. Risk management is about identifying key obstacles or threats and the necessary mitigation strategies to keep those risks under control. Risk management is catered to the size of the organization.
Often outside experts are engaged to develop an appropriate risk management framework tied to an organization’s overall strategic framework, approved financial budget and operational plans. We are available to work with you in the development of the risk management framework or to lead the work and deliver the overall risk mitigation plan and strategy.
Growth management
When organizations fail to grow and adapt to changing environments, they become less and less relevant. Conversely, rapid growth can destabilize an organization and create risk. Growth management is about ensuring that changes in direction or new initiatives develop in a sustainable way and have the necessary financial resources, operational infrastructure and skills and expertise to succeed.
We have significant experience in helping organizations plan for sizeable growth, or scaleups. We are available on an advisory basis to assist the Executive team with managing and overseeing the scaleup or to be a member of the scaleup team or to lead it.
Compliance
Organizations today operate in a complex system of laws, regulations, contractual and human rights obligations, codes of conduct and sector-specific requirements. Small businesses, new organizations and new lines of business need to ensure they are aware of and are compliant with these conditions through the development of compliance monitoring and reporting systems, along with effective practices and methods for addressing legal and regulatory issues that may arise.
In both areas, we have extensive expertise in helping organizations stay on top of compliance matters. In addition, we can leverage our network of highly skilled legal experts for specific issues that may arise. Our approach is to seek legal and technical advice as appropriate but with a tight focus on the right questions, parameters and context as may be required. This helps ensure speedy attention and resolution to issues cost effectively.
