CHALLANGES

6a LTD faced significant challenges in financial management. They struggled with inaccurate and late reporting due to slow, disconnected systems This inefficiency hindered their ability to make timely and informed business decisions. The company's breakeven point was notably high, primarily due to uncontrolled overhead costs. These issues not only affected day-to-day operations but also compromised strategic planning and profitability.

SOLUTIONS

The following solutions were implemented:

• Moved accounts to Xero

• Created zero based,  recurring 24 Month Budget

• Introduced a quality Management Reporting Pack

• Advised directors on improving Productivity and reducing Overheads

• KPI reports improved stock and margin management.

OUTCOMES

1. XERO

   
   

   Moved accounting system to Xero from Sage 50, improving the speed and efficiency of data processing.

2. KPI REPORTING

   
   

   Timely and accurate management reporting improved visibility across different departments.

3. MANAGEMENT REPORTING

   
   

   Timely and accurate management reporting improved visibility across different departments.

4. BUDGETING

   
   

   Zero-based 24 month rolling budget provided wider outlook over the business and informed on expected profits and cash flows.