Outsourced financial services
Financial management solutions
Tailored analytical solutions
Biotech company
GL, compliance, debtors & creditors control, payroll, reporting statutory accounts and audit
Engaged on a weekly basis, iBean is responsible for the entire finance function from data entry through to attendance at Board meetings.
Outcome
While the client requires ongoing commercial support as well as day-to-day accounting services, the volumes did not warrant a full time in-house resource. iBean offers a good solution as the level of expertise required varies across the role and there is flexibility to respond to issues as they arise.
Technology solutions company
GL, compliance, debtors & creditors control, payroll and reporting
Financial systems and processes from general ledger through to management reporting were established for this start-up company. The client has also been through a round of capital raising which required additional commercial support.
Outcome
iBean provides weekly support and continues to be a cost effective solution having responsibility from data entry through to management reporting and attendance at management meetings.
Integrated communications agency
GL, compliance, debtors & creditors control, payroll and reporting
Support is provided to the finance function on a weekly basis while the finance manager is on maternity leave. A review of the finance processes has been undertaken and a number of improvements implemented.
Outcome
iBean was able to immediately step into the role to provide a short term finance solution for the business.
Online media company
GL, compliance, debtors & creditors control, payroll and reporting
The client was not satisfied with the service and responsiveness from their previous accountant and approached iBean. A review of the finance function was performed and processes including monthly management reporting were developed.
Outcome
The client was not ready to commit to employing a full time financial controller and sees iBean as a good solution. Data entry is performed in-house and iBean oversee this function, as well being responsible for all other areas within the finance function on a weekly basis.
Recruitment specialist
GL review, management reporting, compliance
Support is provided to the in-house bookkeeper on a quarterly basis. iBean reviews the GL/compliance and performs management reporting. Commercial issues are dealt with on an 'as needs' basis.
Outcome
The arrangement provides management with confidence in the company’s financial information and creates the structure to discuss performance of the company on a regular basis. The combination of an in-house bookkeeper and quarterly support ensures a cost effective finance solution for the client.