Budgeting and forecasting are essential to keep any business resilient, profitable, and prepared for both unforeseen opportunities and emerging issues – just ask any of our outsourced Finance Directors and other Finance professionals. But it’s more important now than ever. Why? Because in times of economic uncertainty and instability like those we’re currently living through,…
The Covid pandemic swept aside many of our notions of normality and stability, as it forced us all into lockdown, glued us to our videoconferencing screens, and caused a number of businesses to either close permanently or survive with significantly higher levels of debt. But at the same time, Covid wrought changes that put many…
Every new financial year brings opportunities and challenges for businesses. FY23/24 is no exception. The question is, is your business prepared for them? Do you know what you should be planning and budgeting for, and do you have a Finance Director (FD) leading and overseeing the process? If the answer to either question is “no”,…
The pedantic answer to the above question (and let’s face it, we all love an occasional bit of pedantry) is that in very large businesses, where there are teams of people working on financial matters, the CFO is the most senior person within the finance organisation and the FD will be the most senior accountant…
Businesses exist to make money, but what happens when customers don’t (or can’t) pay? When their debt to you mounts up? When your cashflow, consequently, takes a big hit? This is where credit control – managing, mitigating, and recovering debt due to your business – comes into play, and the fact is that in the…
A successful business must be able to move and adapt at speed, and in today’s highly digital business environment, this means making up-to-date, shareable, analysable data instantly accessible through systems and tools that all talk to each other. But the fact of the matter is that often, with so much else going on day-to-day, business…
EFM works with a full range of SME businesses, offering financial management services and business advice, supporting them to grow and maximise value. However, what many don’t realise is that we also have an extensive background in working with investors, such as angels, venture capital firms, debt providers and their portfolio companies. When someone invests…
The triple challenge to business costs In a little over two years, we have experienced three significant events. The first of these came in February 2020, when the UK left the European Union. This was closely followed by a two-year world pandemic. Then, on 24th February 2022, Russia invaded Ukraine. These events have brought many…
Emerging stronger from the past to outperform for the future At EFM, we’re all about making finance a friendlier proposition. First and foremost, this is about offering businesses a cost-effective and workable alternative to employing finance professionals in-house. They bring us in when they need us, and pay only for what they use – no…
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