Rapidly Growing Clinical Trials Company
Simon was approached in early 2016 to assist in the introduction and development of the accounting, reporting and controls structure of a rapidly growing clinical trials company with significant funding from overseas
How we helped
In the first eight months we helped this client with a number of initiatives:
New systems
Implemented new cloud-based accounting systems (Quickbooks and Concur) to enable monthly reporting in a structured manner
Tax efficiencies
Recovered over £100,000 of pre-registration VAT
Reporting
Developed with the overseas investors a monthly reporting pack
Training
Trained a full-time accounts assistant to cope with the day-to-day administration of the accounts
Controls
Worked closely with senior management and directors in improving the controls in place in the business
Forecasting & Budgeting
Produced forecasts and budgets for presentation to the Board and investors to enable further tranches of funding to be obtained
Cost savings
Identified an alternative telephone provider costing less than 50% of the original preferred provider