The doctor’s news can be positive or negative, and so too can business health check assessments give rise to new insight.
A business health check could be one of the most frequently overlooked activities and functions in business. Of course, every business owner generally attends to their financials to drive continuous revenue generation and growth. While a Virtual CFO (Chief Financial Officer) can engage in clear oversight of your financial performance and position as well as your actions and cash flow management, you might ask where a business health check comes into this.
Cost control with resource management such as through procurement and business structure with employees and contractors is one aspect of a Virtual CFO’s role function. Oversight of capital management is critical and many businesses of large-scale operate with a CAPEX, which is Capital Expenditure. Other core aspects include financial analysis of income and expenditure, trends, and the Key Performance Indicators (KPIs) as well as stakeholder and investment financials. Mergers and Acquisitions (M&A) can be murky waters when it comes to the complexities of financials across companies as well as the negotiations on a mutually rewarding agreement and the legislation and regulatory frameworks. Due diligence is essential as is compliance with regulatory requirements and laws governing such activities.
All of the above as well as key risk management assessments are critical for businesses. A business health check can provide deeper insight into the potential risks and liabilities, the value of assets, and financial prospects. Let’s delve in deeper to find out why this is so important for your business and what Austral Accountants can do for you.
1. Expert knowledge and competencies in financial management including targets, objectives, KPIs, and goals means the capacity to review these continually to empower you to move forward with your business
2. Virtual CFO services provide regular insights with analysis on how your business is tracking from financial performance to prospective future projections
3. Our specialised team is well-versed across due diligence, cost control and resource management, and key financial planning
4. Risk management is critical, particularly in an ever-changing economic landscape and the market trends that influence the financial performance of the business; a key health check on risks and liabilities can mitigate the potential negative impact
5. Verifying all contractual agreements in terms of financial obligations and the terms & Conditions (T&Cs) of the contract between parties or companies can be important in a business health check to ensure that you are not paying more than you should
With Austral Accountants, conducting a comprehensive business health check coupled with continuous CFO insight and input, you can increase certainty in how you do business. This includes your financials such as income and expenditure and performance.
Let us help your business thrive – and that means you prosper with business success.
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