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
Multiple ledgers & platforms
It takes a lot of time to review and consolidate multiple ledgers, especially if they are all on different platforms.
Out of date data
Without real time data, information can rapidly be out of date, increasing risk and negating opportunity.
Compliance
Changing compliance and regulation add pressure to workload.
Limited insight
Without the tools to get timely insight, opportunity can be missed.
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.
Accounts
Monthly, weekly or daily management accounts prepared. Individual or consolidated view across multiple platforms.
Reporting
Customised performance reporting, including forecasting and budgeting, KPIs.
Accountant
Direct access to personal qualified accountant.
Online portal
Sophisticated, ready to deploy, online portal for real time data 24/7.
Automation
Automated procedures for accruals, prepayments, billing etc.
Fixed fee
Services at fixed monthly fee.
The benefits of improving management accounts
Insight
Rapid transparency
Transparency across multiple accounts from Month 1. Easy to deploy. Customisable.
Saving
Typically 20%
Fixed fee. No F&A to house. No recruitment or training. No capital investment. Keep existing systems.
Cashflow
Enhanced visibility
Real time data to react to risk and opportunity.
Time
Automation
Easy to deploy. Real time data. Electronic harvesting. Automated routines.
Growth
Scalable
Flexible and modular. Expand to keep pace with your business. Add in additional services.
Compliant
Peace of mind
Accurate, secure, compliant, on time.
Other services you may also be interested in
Credit Management
Full credit management services including invoice production, voice contact, query investigation and resolution to industry leading KPIs.
Payroll and HR Consultancy
Payroll and taxes calculation and processing including associated reporting, with HR admin consultancy.
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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.
