Develop Processes and Infrastructure

Many times as a company grows, the finance function does not keep pace with the speed at which the business is growing in both complexity and reach. Through working with many high growth businesses we have a preferred toolkit of processes and infrastructure that strike the right balance of internal controls without creating undue friction and bureaucracy. Our policies are sufficient to present to outside auditors or review firms, yet still take into account a finance function that is short on both resources and time.

Fundamental to our framework of a sound finance infrastructure is a thorough and timely monthly close process. By approaching the financial data in this manner, many potential errors or anomalies are brought to light very close to when the actual transactions occurred. This proximity to the transaction allows a superior ability to research and investigate than normally occurs after time elapses. It is only after a thorough monthly close occurs are financials released to key stakeholders to review.

In addition, as the company goes, we continue to build upon a strong foundation by adding other processes as they become necessary. This may be processes required to administer commission plans, complexity that results from the commencement of international operations as traditional areas of expense creep such as travel, meals and entertainment. At each turn the philosophy is to put the measurement and management tools in place before the areas become problems.