A commercial real estate and chartered surveying business outsourced its accounts and finance function to improve efficiency, reduce costs and gain better financial insight.
Our client is a long-established traditional partnership specialising in commercial property, lease advisory, investment, retail and rating.
Established in the 18th century, the business was relying on manual, outdated back-office and finance processes. This limited efficiency slowed reporting and made it harder for the team to access reliable financial information when they needed it.
The Business Advisory and Accounting team reviewed the client’s in-house finance processes, including transactional processing, payment runs and reporting. This helped identify weaknesses and introduce improvements designed to reduce time spent on routine tasks, increase accuracy and create a more efficient month-end and year-end reporting process.
Outsourcing the finance function enabled the client to close its in-house finance department and significantly reduce overhead costs.
The business now has live financial data connected to external platforms, including bank and supplier portals. Automated expense approvals also give the client greater visibility and control over costs on an ongoing basis.
With faster access to accurate financial information, the client can make informed decisions, improve operations and focus on future investment and growth.