(for some success stories go to the "about us page")
Accounting
For any accounting matters, management accounts including analysis and advice, annual accounts, treasury functions, capital expenditure evaluation, special projects and business valuations.
Extra Value adding services are included. Get more than just a signature.
Business Process Improvement
Dramatically improve financial and operational performance by -
- improving, developing or standardising operations, systems & procedures - enhance business strategies - performance management and reporting systems - effective planning, budgeting, forecasting and cash flow management
Business Intelligence
Discover the value in your data and make more informed decisions.
Systems to analyse information, which will improve business efficiency, help you monitor performance and optimise return on assets.
IT Systems
Select, design & implement ERP, Financial and other IT systems, or evaluate and enhance the use of your current system.
Optimising return on assets
Identifying cost saving opportunities and implementing cost saving initiatives;
Reduce working capital and implementing initiatives to reduce working capital. (Debtors, inventory, creditors, etc)
Sustainability assurance & reporting
King III and the new Company’s Act will require businesses to report on their impact on the economy, society and environment. Suppliers to large corporates will also be pulled into this.
Accounting
-Compliance with financial and regulatory requirements (e.g. GAAP, IFRS, Co Act)
- Setting up treasury systems and controls, especially where foreign currency is involved
- Designing and implementing management reporting system
- Designing and implementing accounting & recording system
- Review and improving of debt collection
- Key ratio analysis of your balance sheet & income statement and providing you with the actions and tools to drive focussed improvement
- Assist you with the analysis and benefit study relating to capital expenditure
- Review and improve your project cost recording & reporting system
- Capital expenditure evaluation
- Business valuation
- Special projects
Tax
- Providing of tax saving advice
- Preparation, completion and submission of tax returns
- Tax clearance
- Bring arrear tax up to date
Accounting Officer
- We perform the role of accounting officer for CC’s
- We add value to this service; you get more than just a signature. Key checks are performed to ensure the accounts are more than just “in agreement with the records”
- We will give you feedback on the status of the balance sheet and income statement with some key ratios analysed with added benefit of sound advice.
- We will ensure the accounts provide you with the most beneficial tax situation the law allows.
Business Performance Management & Improvement
We assist organizations to dramatically improve their performance as an integrated and effective unit, at very affordable cost to the business.
Business Performance Services
· improving and standardising operations
· developing and applying business strategies to improve financial and operational performance
· designing and establishing performance management and reporting systems
· establishing more effective approaches to planning, budgeting, forecasting and cash flow management
· retaining and increasing your share of business from customers
· dealing with business change management and the people issues which arise from it
· improving the efficiency of the supply chain
· driving value and helping optimise capital and cost structures thus building a healthier balance sheet.
Our Approach
· Understanding the business profit & cost generating processes
· Comprehensive analysis of the balance sheet and income statement
· Defining the key processes where value can be added
· Defining initiatives or process changes
· Implementing a programme of changes
· Measuring business performance against agreed outcomes
What benefits will you receive
· Improvement in the efficiency of processes
· Improvement in effectiveness and efficiency of systems
· Staff that’s better equipped to perform optimally
· Cost reductions
· Optimising the return on assets
· Optimising the cash flow
· Optimising the growth strategy and process
· Optimising risk management
· Processes and systems that are synchronised with your business strategy
Business Intelligence (BI)
Many businesses underestimate the value tied up in the data generated in the business. This is because most ERP/Accounting systems do not provide the tools to really interrogate investigate and analyse your data. Properly structured BI will identify cost saving and profit improvement opportunities. BI is a system or process, underpinned by very specific software, which allows users, managers and owners to make informed decisions about a wide range of business challenges.
Use BI to improve business efficiency, monitor performance and optimise return on assets. It can be used in just about any aspect of your business; wherever you lack information to make informed decisions.
Sync Business Services can design and implement a BI system for you, guaranteed to give you excellent payback on your investment. We do not sell specific systems; we source the best for your circumstances after careful analysis of your business needs.
IT Systems
Information Technology (IT) is critical to the operations and competitiveness of organisations. IT is not merely a cost but a critical contributor to the business, focused on improving business value and performance.
Application Performance
After gaining a full understanding of your key business processes we review your applications in use, with regards to its applicability, effectiveness, ease of use, availability of information, security and control, costs and quality. We follow the same business approach as that mentioned earlier; structured and transparent.
As we are not aligned or affiliated to any software house our offering will be unbiased and focussed on your business and improving its effectiveness and value.
Many businesses underestimate the importance of ensuring that the IT system to be implemented is a perfect fit to the business and will provide you with the benefits anticipated. The gap between what you think you are getting and what the system provider is firstly selling you and secondly providing you can and normally are wide.
Our task is to ensure you get what you need & expect. By understanding you business processes and our extensive knowledge and understanding of IT systems, we ensure a complete match. We follow a structured process which consists amongst others the following:
· Identify and map business processes
· Map relationships
· Mark key controls
· Identify & design the vision, principles, standards, key output and roadmaps
· Evaluate systems on offer
· Assist with the negotiation and buying decision
· Evaluate and verify the design
· Monitor and evaluate progress
· Assist with final review and sign-off
Sustainability
Sustainability reporting is “... the practice of measuring, disclosing, and being accountable to internal and external stakeholders for organisational performance towards the goal of sustainable development.”
We can assist business with these aspects:
- determine which sustainability issues are material to your business and how they impact on operations and strategy
- identify actions taken to address each material issue, and selects KPIs (key performance indicators) to measure its performance.
- integrating the key sustainability drivers into the organisation's strategy
- develop and implement sustainability reporting systems
- provide assurance certificates
Other Services
Payroll
· We can supply you a full payroll service that will ensure compliance with statutory requirements as well as the filing of returns with SARS.
