Innovo's quick scan is the best way to rapidly assess your most impactful strategy.
Our advisors can make a quick scan of your company and identify the different areas of attention. Examples are:
• Financial health assessment
• Financial reporting
• Budgeting and expense control
• Strategic planning
• Investor and board relations
• Compliance with laws and regulations
• Corporate governance compliance
Innovo advisors can also be assigned to perform specific expense and cash flow analysis.
Our advisors would ensure that you understand the necessary steps in the preparation of a cash flow statement and discuss strategies to improve expense and cash flow management and interpret key numbers as well as their effects on your business decisions. The focus would be on the following areas:
• Mastering your budget
• Learning to spot cash flow trends
• Evaluating your spending categories
• Reducing expenses where possible
• Aiming for a positive cash flow from operations
• Keeping accounts receivable in check
• Monitoring of pending invoices and payments
• Planning for cash crunches
• Deciding on appropriate form of financing
• Developing strong history of payment to lenders
• Understanding your local market.
Financial modeling is essential in the decision-making process of management.
In order to be in control, any organization should set-up a financial information system. This system would normally begin the company’s strategy, which is consequently translated to a yearly preparation of a budget or target. In our opinion a budget should be based on the expected Key Performance Indicators (KPI’s) or the KPI’s the company is aiming to realize. Through a decent financial model, the impact of changes in the KPI’s on the result of the coming years can be determined and monitored. A financial budget model that is properly set-up will therefore also be able to work as a financial forecast tool if the model is updated with the realized KPI’s on a monthly basis. This might work for you as a dashboard or compass and will assist you in actively trying to influence those KPI’s that are most relevant to your business.
A solid financial model might also assist management in the preparation of monthly management reports and will not only include financial information. Financial information alone does not provide management with enough information necessary to run its business. It is the KPI’s behind the numbers that provide management with the information necessary to evaluate the outcome of decisions taken to (further) improve the business.
Financial modeling is also essential within the decision-making process of potential investments. The financial outcome within different scenarios can be determined, break-even points can be determined, and you will be able to assess if the investment project contributes sufficiently to your operations. The models obtained can also be efficiently included in any business plan used to obtain financing or equity.
We will set-up a user-friendly financial model, based on input of management and other relevant employees and provide your employees with training for them to be able to work with the model.