Improving financial management at an Information Exchange company

Stephen started working with the company to review a major software development project but the role quickly evolved to cover all aspects of the finance function in a challenging phase of the company’s growth.

How we helped

  • Led the claim process for R&D tax credits resulting in a significant boost to cash reserves and facilitating further project investment
  • Accelerated credit control processes to reduce the overdue debtor position
  • Managed payments to key suppliers to protect cash flow
  • Upgraded the finance organisation by recruiting and training new members of staff
  • Improved the budgeting and monthly financial reporting processes

“As part of the operational management and board of directors, Stephen played a key role in keeping us on the right financial path as we navigated some stormy waters during the investment phase of a key business project. This included obtaining cash injections through the government R&D tax credit scheme as well as closely managing our working capital over this period. Without his leadership and expertise, as well as the contacts he brought to the business, we would have taken some more challenging routes, and Stephen was key to the success that we achieved in a very short time. Thank you Stephen”

Jonathan Ivelaw-Chapman – former CEO Sedex Information Exchange