Bespoke services

One size doesn’t fit all! We work collaboratively with businesses, aligning with specific business needs, providing a range of bespoke services to help you achieve your goals.

Credit control

Cash flow has never been more important to businesses and key to this is keeping on top of outstanding customer invoices. Without a dedicated credit control function it is easy for poor customer payment behaviour to take hold and for average payment days to increase, harming business cash flow. Our electronic credit control service monitors your outstanding invoices and chases your customers in a targeted, personalised and professional way; saving you time and helping you get paid, on average 16 days earlier. We can also advise on implementing processes and systems to help you get paid quicker.

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Cashflow forecasting

Lack of available cash is a major inhibitor of business growth and cash flow forecasts are a critical but worryingly neglected tool for business owners. The availability of real time accounting data allows for more accurate and timely forecasts and we have a range of options to provide you with regular reporting, allowing you to plan for the future and identify opportunities and potential shortfalls before they happen.

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Budgeting

Many small businesses continue to operate without a budget. They either don’t have the time or the tools to create one, and often when they do it is a one off document without the flexibility to adapt to changing events. We can help you set up and effectively monitor your budget, giving you the tools and advice to set a financial roadmap, and ensure that business investment, expenditure and expansion plans are realistic and in line with projected income. Working collaboratively we can create a dynamic budget that adapts to changing events, and offer advice where financial performance diverges from the budget figures.

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Outsourced finance director

Recruiting a full-time finance director is a big step and a significant financial outlay for a business. For those growing businesses that are not quite ready to take that step, our outsourced finance director service is a flexible and cost effective solution. It allows you to draw on the experience and expertise of a qualified accountant at a time and budget that works for your business. They will work with you to offer advice, identify business growth opportunities and develop strategies to get you where you want to be.

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Updating financial systems

Our experienced team will work with you to analyse your finance function, identify the challenges and advise on solutions. Businesses often put off making changes to their systems because of the perceived disruption involved. Over time this can lead to inefficiencies and outdated processes that combine to stifle business growth. Harnessing our accounting expertise and knowledge of the latest technology, we will work in collaboration with your management team to implement changes to an agreed timescale with the minimum of disruption.

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Assistance with KPIs

Effective KPIs should be clear, easily measurable and focused on meeting the strategic objectives of the individual business. We can help you understand the metrics that really matter to you, let you monitor performance and work towards achieving your business goals. These key metrics are likely to change as the business grows and we will work with you to ensure they remain relevant and instructive in driving the business forward.

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Attending board meetings

Our accounting partners can attend your board meetings, giving you access to expert financial insight and opinion without the cost of hiring a finance director. From acting as an impartial sounding board to interpreting financial data and answering directors’ questions, we can give your business a competitive advantage with advice on strategic planning, decision making and compliance with financial regulations.

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Get in touch for more details

Richard Woolgar

Richard Woolgar

Head of Management Systems

0808 144 5575

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Armstrong Watson LLP is a limited liability partnership registered in England and Wales, number OC415608. The registered office is James Watson House, Montgomery Way, Rosehill, Carlisle, CA1 2UU where a list of members is kept. Armstrong Watson LLP is regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities. Unless otherwise indicated, either expressly or by the context, we use the word “partner” to describe a member of Armstrong Watson LLP or an employee of Armstrong Watson LLP in their capacity as such.

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Armstrong Watson is a trading style of Armstrong Watson LLP, Armstrong Watson Audit Limited and Armstrong Watson Financial Planning Limited.