When Balanced first met the team at Acquire, they were struggling to understand their financial results. Their accounts weren’t trustworthy – results swung significantly from month to month and they couldn’t understand why. They also didn’t have anyone at the management table who could look at a business idea, ask, ‘does this make sense financially?’ and work out whether it was a go from a feasibility standpoint. A set of challenges right up the Balanced alley, we jumped straight in.
“The Balanced team has been fantastic! We have had a solid relationship for three years now and they are an invaluable part of our external resource. Our bookkeeping, reporting and end of month processes have been totally streamlined. Their financial expertise and ability to see the big picture has helped shape our direction. We regularly use them to bounce off ideas and refine our decisions.”
Early on we created efficient and thorough financial processes that allow the Acquire team to understand and trust their results and make informed decisions, fast. We implemented monthly rolling forecasts – projected revenue, costs and cash flow – showing us what future results would be and where we needed to focus our efforts to improve them.
Our partnership with Acquire now replicates the in-house finance team that larger businesses have – bookkeeper, accountant and commercial manager – where you get the depth of skills, expertise and accountability that you’d expect from full-time employees, without the overheads, staff management and time investment.
The Acquire team now has accurate, up-to-date results and solid forecasts to base decisions off, a proactive commercial lead that brings commercial rigour to the table, and complete peace of mind that their finance function is humming.