Finance and Accounting Services

Management Accounts

Improve your management accounts with exceptional performance reporting and cost saving across multiple accounts from month 1.

Sub-standard management accounts restricts your potential

Transparency and real-time data is critical for day-to-day cashflow and management accounts. It is vital to accurately assess metrics to take advantage of opportunity in ever changing circumstances.

But accessing this information and processing it can be labour intensive, especially if, like an equity firm, venture capital firm or invoice discounter, you are dealing with a portfolio of accounts or have different software platforms.

The finance and accounting function of a business is its lifeline. But it can also be what restricts its potential, if it doesn’t have the resources or expertise to provide what is needed.

In-house costs are rising. A shortage of accountancy and payroll skills in the market are driving up costs and attrition. Recruiting the right experts can be time consuming and may be wasteful at non-peak times.

At a time when stakeholders are putting immense pressure on businesses to reduce costs or to do more with less resource, automation and technology offer a helping hand.

However, understanding what will give you the enhanced functionality you need for the present and in the future, and subsequently investing in it and training people is complex and won’t necessarily save any money. Parseq can help solve these issues to improve your management accounts and achieve your potential.

Key challenges of management accounts and performance reporting for businesses

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Multiple ledgers & platforms

It takes a lot of time to review and consolidate multiple ledgers, especially if they are all on different platforms.

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Out of date data

Without real time data, information can rapidly be out of date, increasing risk and negating opportunity.

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Compliance

Changing compliance and regulation add pressure to workload.

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Limited insight

Without the tools to get timely insight, opportunity can be missed.

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In-house costs

Recruiting and training is expensive and slow. The cost of investing in in-house systems can be prohibitive and may not be future proof.

Our capabilities

Improve your management accounts and optimise your efficiency

A fully managed outsourced management accounts service with exceptional performance reporting, at a fixed monthly fee.

Management accounts is a fully managed and scalable solution that utilises a proprietary technology platform and expert people. It can provide all your management accounts requirements and a layer of extraordinary performance reporting. This will save time and deliver rapid vital insight from month 1. Typically it provides around 20% savings, with no capital investment, so you can keep existing systems. 

Monthly, weekly or daily management accounts are prepared and customised to your needs. For multiple or complex businesses, this includes consistent and comparable view of each business regardless of the accounting platform used. But you get much more than just management accounts. 

You have access to real time data through a digital portal. This allows customisable KPIs, benchmarking, forecasting and budgeting, providing an exceptional level of insight and financial and non-financial performance reporting.

Regardless of whether you are trying to save cost, get better and faster reporting or just generate greater insights into your business performance, our software and team of fully qualified accountants will provide you a flexible and scalable solution that delivers.

You can also combine other Parseq Finance and Accounting services, such as Credit Management, Invoice Processing and Payroll/HR Admin, for a fully outsourced Finance Team, with even greater efficiency and value.

Download the Finance and Accounting Services brochure

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Accounts

Monthly, weekly or daily management accounts prepared. Individual or consolidated view across multiple platforms.

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Reporting

Customised performance reporting, including forecasting and budgeting, KPIs.

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Accountant

Direct access to personal qualified accountant. 

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Online portal

Sophisticated, ready to deploy, online portal for real time data 24/7.

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Automation

Automated procedures for accruals, prepayments, billing etc.

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Fixed fee

Services at fixed monthly fee.

The benefits of improving management accounts
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Insight

Rapid transparency

Transparency across multiple accounts from Month 1. Easy to deploy. Customisable.

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Saving

Typically 20%

Fixed fee. No F&A to house. No recruitment or training. No capital investment. Keep existing systems.

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Cashflow

Enhanced visibility

Real time data to react to risk and opportunity.

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Time

Automation

Easy to deploy. Real time data. Electronic harvesting. Automated routines.

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Growth

Scalable

Flexible and modular. Expand to keep pace with your business. Add in additional services.

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Compliant

Peace of mind

Accurate, secure, compliant, on time.

Other services you may also be interested in

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Credit Management

Full credit management services including invoice production, voice contact, query investigation and resolution to industry leading KPIs.

 

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Payroll and HR Consultancy

Payroll and taxes calculation and processing including associated reporting, with HR admin consultancy.

 

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Invoice Processing

Data extraction and validation of invoices (digital or paper).

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Talk to us about management accounts today

Want to find out more? We would be happy to discuss your organisation’s challenges and how Parseq’s solutions could quickly provide you with real value.