View Is the Skills Gap Leaving a Hole in Your Finances?

Is the Skills Gap Leaving a Hole in Your Finances?

  This year seems to be the year of shortages – petrol, food, toys– when will it end? But it’s the skills shortage that has been front of mind in many UK and Irish businesses since long before the pandemic – and finance is a key area of concern in this respect. As far back…

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View When Should Your Start-up Hire a Financial Controller?

When Should Your Start-up Hire a Financial Controller?

Every business decision made has a financial impact on your company. Whilst things like tracking revenue, staying on top of accounts payable and receivables, and administering payroll are essential to your business, non-financial transactions will undoubtedly also have an impact. While it may have been easy for the business owner to manage these various tasks when they were first starting out, it becomes increasingly…

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View Cocktails distributor receives high-level financial reporting support

Cocktails distributor receives high-level financial reporting support

Background An early-stage business developing and distributing batched cocktails, predominantly for on-trade distribution, was seeking accounting and financial management support. The current FD was leaving, and the business was struggling to find the right balance between an ambitious and bespoke IT led management reporting solution developed by the FD, and a more resilient and sustainable…

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View What is the difference between a budget and a forecast?

What is the difference between a budget and a forecast?

In order to identify new opportunities and ensure that they are operating on a profitable basis, small businesses need to incorporate a review process at the start of each financial year into their management process. The starting point in the process is to put together projections for what sales they might reasonably expect to make,…

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View Associate Blog: Re-shaping the future of SMEs

Associate Blog: Re-shaping the future of SMEs

In this article, we hear from CPA Ireland President and EFM Ireland Finance Director, John Devaney, as he discusses his time as CPA Ireland President and how SMEs have adapted throughout the pandemic. When I accepted the support of my colleagues on Council and agreed, in February 2020, to be the next CPA President, I…

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View How part-time FD services can benefit your company

How part-time FD services can benefit your company

Managing your finances is critical to all businesses, no matter how big or small. Juggling cash flow, sourcing funding and maximising profitability are challenges to all business owners and these are the things that a part time Finance Director can help with. This is why EFM has developed 7 key benefits around why you should…

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View Cashflow review and improved management information for Laundry company

Cashflow review and improved management information for Laundry company

Background & Challenges An established provider of linen hire and laundry services to some of London’s top restaurants, hotels and spas had been acquired by a turnaround partnership and appeared to be on target for a successful exit. Operating from a 40,000 square foot facility in Park Royal, the business generated a robust revenue stream…

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