More and more companies are re-thinking their executive teams and outsourcing the financial aspect of their operations. In this modern age of dynamic and complex business markets replete with endless streams of new technology, automation and digitalisation, it is nearly impossible to stay abreast. Mounting operating expenses and inefficient labour in this financial climate are also not helping businesses achieve their envisaged growth.  Addressing these challenges from an operational and strategic perspective should not be taken lightly and certainly requires expert input. Considering an outsourced option for the financial operations of your company can be suitably beneficial.

Handre Lourens, business rescue practitioner and consultant at Hobbs Sinclair says, “The question you have to ask yourself is, does your business merit a full-time financial manager or financial director, or are you best placed to outsource this crucial function?”  The trend is with outsourcing, and here’s why. 

Outsourcing
Outsourcing your financial function and operations brings the advantage of securing a practised professional tailored to the requirements of your business – when you need it, how you need it – without the burden of employing someone full-time at the high cost of a permanent, qualified professional.   

Strategic decision-making and up-scaling
An outsourced financial go-to person will assist with business growth by managing your working capital cycle, cash flow, strategic decision-making and mitigation of risks, critical in the scale-up phase of any business.  

Monitoring your business
Experts in financial management, with diversified skill-sets and knowledge, will implement systems to mitigate risk and devise management accounts to monitor your business. This will enable better strategic decisions for growing revenue and customer base, cutting costs while increasing productivity and efficiency.

Business plans
Growing your business requires  financial backing. If you need bank finance to develop your business, a bank will be expecting an in-depth forecast and detailed business plan. Expert input in this regard is extremely valuable to your application. 

Tax planning
If your business is booming and you have secured a sustainable market share, your customers are happy and your bottom line is smiling, the next phase of efficient tax planning is critical. Lourens suggests, “Before the taxman comes knocking on your door, get the experts in to ensure your tax planning is as efficient as possible and, most importantly, to make sure you have made sufficient cash flow provisions.”  

The rewards
At the end of an era, when it’s time to sell your business, outsourced tax professionals will efficiently evaluate your business to ensure you receive the capital you deserve for all your hard work, sweat and tears.

The 5th edition of Adverb’s Mandela Day Have a Ball Charity Soccer Tournament will take place on Mandela Day, Wednesday 18 July 2018 at Fives Futbol, in support of the children from TK Foundation. 

Sixty children from the foundation will be teamed up with members of the participating corporate teams in a 5-a-side round-robin soccer tournament. On this day of giving kids will walk away with takkies, soccer balls, beanies and bags purchased with the funds donated by the corporate sponsors and suppliers: 

Adverb, Ankerdata, BON Hotels, Diesel Digital, Fives Futbol, Grow Recruitment Services, Hobbs Sinclair, Innovation Projects, Little Lambs, Mike’s Sports, Orlichem, Pick n Pay Big Bay, Protea Hotel by Marriott Durbanville, Pyrad International, Rush Fueling Adventure, Studio Bolland, Sir Juice, The Gemini Solution and The Sat Rats.  Participants and spectators will enjoy a fun day of soccer, food, refreshments, laughter and happiness, and most especially a surprise visit from a local football team!

Here’s to ‘having a ball’ this Mandela Day!

What’s On Mandela Day Have a Ball Charity Soccer Tournament
Wednesday, 18 July 2018 14h00 – 18h00
Fives Futbol, Century City