Finance operations
Payables, receivables, the bank and the month-end close, run in your own systems.
Payables and receivables, line by line
A typical split for a company with about 900 supplier invoices a month (sample). You keep the approvals; we keep the ledger moving.
Payables and receivables
Sample matrix
Activity
Your companyHalden Rowe
Your leadYour teamOur leadOur team
Supplier invoices scanned and coded
Daily
I (your lead is told after)C (your team is asked first)A (the Halden Rowe lead signs it off)R (the Halden Rowe team does the work)
Invoice approval in your system
Your budget holders
A (your lead signs it off)R (your team does the work)I (the Halden Rowe lead is told after)C (the Halden Rowe team is asked first)
Payment run prepared
Twice a week
C (your lead is asked first)I (your team is told after)A (the Halden Rowe lead signs it off)R (the Halden Rowe team does the work)
Payment run released at the bank
Your finance lead
A (your lead signs it off)C (your team is asked first)I (the Halden Rowe lead is told after)R (the Halden Rowe team does the work)
Customer invoices and statements
Daily and month end
I (your lead is told after)C (your team is asked first)A (the Halden Rowe lead signs it off)R (the Halden Rowe team does the work)
Overdue customers chased
From day 7 overdue
A (your lead signs it off)C (your team is asked first)R (the Halden Rowe lead does the work)R (the Halden Rowe team does the work)
R does the work A signs it off C is asked first I is told after
What a month looks like
Daily bank and ledger work, two payment runs a week, the close in the first five working days and the management pack by day 8.
- Bank reconciliations every working day
- Accruals, prepayments and the fixed asset register
- Management accounts pack with a one-page commentary
- Fee from $4,800 a month (Example prices)
Ask for a proposal
Tell us what you would like to hand over. After a 45-minute scoping call we send a written proposal with the matrix, the service levels and a fixed monthly fee within ten working days.