FINANCE ENGAGING WITH YOUR BUSINESS CAN MAKE A BIG DIFFERENCE!!

I’ve always been struck how Finance teams tend to operate on the fringes of a business.

At my last role, I was able to take a hands-on approach to the management of the business.  As the business was effectively offering professional services, while I couldn’t offer an expert opinion to the client, I could get a lot more involved in creating “check-points” in the project to allow more invoicing opportunities and hence more cash into the business.   I also met a lot of corporate clients, visiting their office, chatting through the issues to try to convert our bloated balance sheet into cash.  Face to face interactions make a huge difference!!

The clients were claims departments of insurance companies.  They were not finance teams.   The finance teams were in a locked room at the other side of the building, phoneless and basically cut off from the real world.

A proper functioning business shouldn’t operate like this.

A properly engaged finance team can add a lot of value in maximizing revenues, controlling costs and most importantly reporting the reality to the decision makers.

If this sounds like your company, drop me an email at simon@feefi.ae to book a free discovery call.