Financial Management Control & Open-Book Accounting
Why is it important?
Open-book accounting ensures that all parties in the supply chain, client, contractor, and are reimbursed equitable as intended by the contract on the basis of transparent cost records correctly incurred. We help implement the principles correctly on target cost, cost based or alliancing contracts or framework contracts ensuring contract compliance while providing relative assurance and confidence on cost, delivery and risks and that risks to revenue and profits are minimised.
We ensure that costs and financial resources used are captured, managed efficiently and correctly reported in line with IFRS and relevant reporting frameworks. This involves ensuring that robust controls commercial, financial and project controls in place throughout the project life cycle. This includes cost optimisation and accounting and tax advisory. Our services also entail investment funding appraisal, planning, budgeting, forecasting and financial modelling and undertaking the roles of finance director, interim or deputy finance director or strategic finance business partner within the business or project.
How can we help?
Strategy
Our focus is on building strategic partnerships and adopting innovative solutions in our delivery of cost assurance and audit services for clients on infrastructure projects and strategy advisory to innovative businesses, ensuring that they remain agile, sustainable, and financially resilient.
Governance
The highest professional standard from our chartered qualifications means that we continually strive for excellence in our approach to cost assurance and audits on infrastructure projects, strategy advisory to innovative businesses, and ensuring a strong commitment to risk governance.
Leadership
We take inspiration from diverse perspectives and our responsibility to empower communities by leading collaboration amongst multi-disciplinary teams - this is evident in our cost assurance protocols and ESG finance workshops delivered industry-wide to provide thought leadership.
Our Services
Cost Optimisation & Advisory
We work with business to maximise the potential of their financial resources, both directly and in an advisory capacity.
Funding Investment Appraisal
We will help develop your investment business case and support you in selecting the appropriate funding strategy and in obtaining these.
Finance Business Partnering
We can take on a longer-term advisory role alongside your organisation, guiding along financial matters with our expert industry insights and wealth of experience.
Accounting & Tax
We will take care of your personal taxes - PAYE, NICs, Self Assessment and Pensions, ensuring they are timely, optimised and compliant.
We also take care of payroll and business taxes - Corporation Tax, VAT, returns, NIC's, Pensions & Withholding Tax, ensuring they are timely, optimised and compliant.
Planning, Budgeting, Forecasting & Financial Modelling
We will also ensure that you have appropriate financial controls in place for budgeting, cash flow management, cost, credit control and risk management.
Interim Head of Finance / Finance Director Role
We can also temporarily take a more embedded role with your organisation as an Interim Finance Director.
