finance shared
finance solvd.
Our finance team can transform the running of a business.
We offer slick and dependable services across the entire financial spectrum of your company. Large or small, our team adapts to your needs and provides bespoke solutions.
The finance team provides transactional processing services across Accounts Payable, Accounts Receivable, Credit Control, Treasury and Financial Analysis. We’ve cut our teeth working with Rail and Bus Operating Companies, but our bespoke packages are suitable for a wide variety of businesses and sectors.
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Accounts Receivable and Credit Control means the raising of customer sales invoices and follow-up recovery activities.
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Accounts Payable means the payment of supplier invoices, covering the latter stages of the Purchase to Pay (P2P) cycle. We also liaise with Purchase Order Requisitioners and Suppliers to resolve queries and ready invoices for payment. As part of our service in this area, we provide training to Operator requisitioners.
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Treasury is the banking side, where we deal with posting cashbook transactions for both AR and AP as well as the raising of manual payments in the online banking platforms.
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Our team cover a number of areas including the preparation of submission of periodic VAT returns in compliance with (HMRC’s Making Tax Digital) guidelines, balance sheet reconciliations and financial reporting.
80%
Invoices paid on time
(targeted compliance of 75%)
100%
VAT submissions made on time
45k
44,800 BACS, Chaps & other payments
Above and beyond
One of the unique benefits of our bespoke financial services plans is that our Accounts Payable team will deliver training sessions to our customer’s requisitioners - the people raising purchase orders - to educate them on processes, controls, risks and the implications of what might go wrong.
A lovely consequence of this is that our Paid in Time statistic has been improved, since we’ve now trained over 300 requisitioners to stop process issues at source.
