THE CHALLENGE
Change of business model
After 2 years working with this organisation during which we completely overhauled the finance and reporting systems and allowed accurate gross profit calculations, it became clear that a healthy financial future required a change of business model to make certain locations viable.
THE SOLUTION
Turning loss into profit and increasing reach
We helped to model it for a location marked for closure which led to a 25% increase in revenue, and a significant net profit, replacing a previous loss.
Our modelling of the impact on all locations’ profit and loss under an alternative business model is now being rolled out right across the organisation, increasing their reach without a lot of sunk capital.
THE CHALLENGE
Cash flow reporting
The Director/Founder/CEO was frustrated with a lack of visibility on the organisation’s cashflow and the restriction that it placed on him to make strategic decisions about future investment.
THE SOLUTION
Providing space for growth with reliable cashflow forecasting
We initiated the bookkeeping and implemented a daily cashflow forecast which looked six months ahead. We assisted in tightly monitoring the cashflow over a period of 6-8 months which freed up the owner to fully focus on growing the company, expanding into new markets.
Two years later, the cashflow forecast is a weekly forecast and the owner admitted that he rarely needs to check it, given his confidence in the businesses current position.
THE CHALLENGE
Transitioned a highly complex organisation to cloud
This national sporting organisation engaged us to transition them and their state bodies onto a wholly cloud-based finance environment. An enormously complex project, this meant aligning the Chart of Accounts across all 7 organisations, transitioning from desktop to a cloud accounting system and implementing efficiencies to assist multiple finance teams.
THE SOLUTION
Protecting the future of the sport through alignment and robust financial reporting
Despite its complexity, the transition was a success and has vastly improved the monthly management reports and allowed a financial report to be developed for the entire sport, encompassing multiple organisations.
This meant that the Board of Directors, as well as the sport’s oversight body, now had clear visibility of future trends forming within the sport and its individual members which allowed strategic decisions to be made to protect the long-term financial future of the sport.
THE CHALLENGE
Preparation for listing on the ASX
This large, complex private equity business was looking to list on the ASX. However, multiple entities with differing ownership structures and product lines meant that creating the necessary centralised finance function to manage the finance and reporting element of the ASX Listing process was extremely challenging.
THE SOLUTION
Successful listing by consolidated and consistent reporting
We managed multiple audits to assemble and prepare the required information. A thorough clean up of the Chart of Accounts allowed easier consolidation, eventually providing a solid basis for the reporting required for listing on the ASX, and all continued reporting required since.
THE CHALLENGE
Outsourcing the whole finance department
An underperforming finance department meant that key payments and other crucial tasks, had been missed numerous times and the cost of the finance department was too high for the size of the organisation. Reporting had not been useful to the Board.
THE SOLUTION
Creating a strong financial future via accurate, reliable and regular financial data
We worked closely with the CEO and internal team to organise a transition. Within three months, we cleaned up the financials before developing reporting which allowed the collection of receivables and the production of projections for the financial year and beyond.
The organisation is now in the process of having its most successful year to date and is operating a cash management program which is investing surplus funds for maximum return and setting it up for a strong financial future.
We help our clients grow...
+ 200
businesses helped
+3 million
in recovered costs per annum
20% YoY
increased revenue
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The breadth of their service offering gives us the confidence and clarity we need to focus on our continued growth.
Kelly Orsmond
Chief Operations Officer - Moustache Republic
We were impressed with how easy it was to onboard with Navigate.
Ariel Metekingi
Chief Executive Officer and Founder - Hapu Ora
Their services are highly effective and cost-efficient, making them a trusted and strategic financial partner.
Lachlan Sloan
CEO/Co-Founder - Mana
Navigate Virtual CFOs have shown true partnership in the way they’ve immersed themselves in our operations.
Kelly Orsmond
Chief Operations Officer - Moustache Republic
Navigate have proven to be an expert in this transition, working well with our team and all Paddle finance departments.
Phil Jones
CEO - Paddle Australia Limited
Here's what they have to say about us
Why outsource your finances now?
Don't leave it too late.
Our clients tell us it took them too long to realise they needed outsourced finance or virtual CFO services. Now they spend less time on finances and have clear direction through insightful reporting and strategic support.
Looking back, they can’t imagine how they managed without the clarity it brings!