We deliver financial management, profit focus and improvement services in the following ways:-
Part Time Finance Director/Financial Controller
We can provide a full Finance Director service, adding expertise to your existing management team or Financial Controller service that fully supports the production of your financial information. The service implements financial rigour in the approach to achieving the best results and costs less than recruiting your own resource. An ideal solution for a growing SME business.
We can provide interim Financial Management expertise to cover your management team or fill vacancies while the recruitment of a replacement manager can be sourced.
Sentra Consulting will work with your business across most cost centres where there is an external supplier. Typically these cost centres may include agency labour, recruitment, utilities, tele-communications, facilities management, stationery, workwear and courier charges to name but a few. A brief outline of the process:-
Specific cost categories and suppliers are targeted following initial meeting
Benchmark existing suppliers against best alternatives
Audit of current supplier tariff to ensure billing compliance
Savings report and evaluation
Implementation and delivery of savings proposal
Review programme established with your business and supplier
We have a number of healthchecks that can be used to assess your business, financial, people or business healthcheck. The delivery of the healthcheck can be tailored to suit your business and will always be pro-active and thought provoking in its delivery:-
Business Healthcheck - identifying strengths and weaknesses within your business.
Financial Healthcheck - analyse areas where there is profit opporunity
People Healthcheck - do you really know what your staff think about the business?
Budget and Forecast Modelling
A financial plan allows you to track business progress against target. A good financial plan will project sales, costs, cash, assets and liabilities plus your bespoke business KPI's (specific to your business) in detail and also provide a base model from where you can actively predict and forecast going forward. Good forecasting procedures provide an early warning system for potential issues that would, without action, have an impact upon business performance.
All businesses should have a fully structured and detailed business plan. The business plan is often a key component when applying for additional business finance so should be kept up to date and relevant. The business plan creates a formal marker from which results can be measured and monitored making it easier to identify points where corrective action may be required.
We can undertake projects in all process areas, but particularly specialise in financial management projects such as the implementation of new systems, business turnaround and recovery of monies owed. All projects undertaken will be tailored but will use PRINCE2 methodology as their foundation. Examples of project management services undertaken are financial systems implementations, debt recovery, business change and process improvement.
Your business accounts should be the centre of how you measure your financial success. The ways in which your accounts are created and analysed may impact your performance. An appropriate benchmark, budget or forecast will provide the required measures of success. We can help to review your accounts and create a bespoke format for your business that will highlight potential issues (performance analysis, taxation, systems, variance reporting) and work with your business to address any operational or control issues.
Analytical Services (inc KPI and Financial Reporting)
Analytical services are of particular us in the investigation of complex issues. The analysis of data may reveal a requirement for further:-
Process Mapping and Design (Process analysis)
KPI reporting (trend analysis)
Review of existing systems and establishment of control data
Establish accurate management information
Utilise diagnostic KPI techniques to "drill down" into core issues (breaking data into sub-components)
Supplier duplicate payment review
Lean manufacturing workshops and operational cost reduction programmes can be delivered using one of our associate companies.