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Hallidays worked with the Joseph Merritt Group to improve their financial reporting systems and business intelligence saving them money and enabling them to improve their business planning and make decisions with confidence.
The Finance Director had recently decided to leave the business. There was an opportunity for Merritts to review this function, however they needed immediate support in the interim.
The company foresaw difficulties in producing the complex reports required for group finance and needed a solution urgently.
The board wanted enhanced reporting to inform their business planning and decision making.
Hallidays quickly identified a number of priorities and improvement opportunities to enable the business to move forward with confidence. Merritts saved money continuing to use Hallidays expertise, rather than recruit a new FD.
Hallidays worked with Merritts’ accounts team to develop their skills and processes to ensure management and stakeholders were receiving comprehensive information to drive the business forward.
We created a bespoke financial model which integrates financial reporting and planning. The business owner can forecast performance and associated debt metrics more easily, saving time and money.
Merritts’ bank was delighted with the integrated financial and planning model which led to them being offered more favourable terms of financing, saving the company money.
Using Hallidays expertise rather than recruiting a new Financial Director has also dramatically reduced their costs.
Management now have bespoke financial reporting and planning tools to inform their business decisions, which have enabled them to identify and make a number of efficiency savings, giving them peace of mind for the future.
“I am delighted Hallidays streamlined our internal procedures, improved information flow and saved us a large amount of time and money”
“Hallidays really professionalised the information. The M.D. and the Bank understand the cash flows and the company can plan proactively.”
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