What next for your business?

The Covid-19 pandemic has forced every business to look ahead and answer questions they’d never had to ask to before. And as the uncertainty persists, you’ll need to plan carefully to meet whatever opportunities and threats lie ahead.

You’re best placed to know what’s right for your firm in a volatile climate. But having an independent expert to help ensure that you’re heading in the right direction can prove invaluable.

Our experienced advisers are on hand to help you get your business in shape for an unpredictable future.

Planning for uncertainty

When nobody knows quite what’s round the corner, it’s important to plan for all eventualities.

That’s what scenario planning is for. It allows you to formulate flexible medium and long-term strategies, based on a detailed assessment of a range of plausible situations.

Scenario planning is vital when evaluating new markets, acquisitions or investments. It reassures stakeholders that such initiatives have been properly stress-tested, and will generate value for the business.

Sharpening your decision-making

Better information leads to better decisions. Your management team will need access to complete and accurate financial data when making the strategic calls that will determine your company’s future.

In a fast-moving landscape, your finance function must be able to provide this insight on demand. We can work with them to make sure you’re equipped to help you get the big decisions right.

Incentivising success

Being fit for an unpredictable future will mean harnessing the power of your people. Motivating your employees to seize opportunities and improve business performance will be critical if you’re to emerge from the pandemic in a position of strength.

But in a tight economic environment, you’ll need to find innovative ways to entice, engage and retain key talent – for example, by designing share incentive plans to focus people on the actions that will drive success.

Structuring for the future

Your structure needs to match your strategic plans. Whether that’s about expanding or contracting the business you need to be sure that your structure is fit for your future. We can make sure you’ve got the right foundations for your plans and don’t get caught by an out of date set up.

Accounting from home

Millions have switched to working from home during the pandemic, and many employees will continue doing so for the foreseeable future.

For businesses, this has meant adapting the technology they work on for remote use, including their accounting and financial systems.

Ensuring these crucial systems are fit for homeworking is essential to the smooth running of the firm – and the ability to provide up-to-date information quickly, efficiently and securely.

Operating securely

Remote working introduces new vulnerabilities and threats and there’s an increased risk of fraud with disparate teams working to new controls procedures.

Businesses responded quickly to the original transition to working outside the office infrastructures but it is important to ensure that your internal controls are designed for this new reality.

International Plans

Global business is facing its own transformation. Whether you are looking to explore new overseas markets or ensure that you are prepared for the eventuality of a No Deal Brexit, we can help evaluate your options.

Here to help

We’re here to help you prepare for whatever’s next. Get in touch if you’d like to discuss how we can support your business though unpredictable times.

 

Our Team

 
 
 
Digital design & strategy by Tribal Systems & Spinach Consultancy