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| Effective cost management |
With the announcement of parliament being suspended in the coming weeks a no deal Brexit looks inevitable. Leaving UK businesses in very turbulent times and with very difficult decisions to be made to try and manage risk. As a result, the volatility of the market can make forecast/budget projections and delivery increasingly difficult.
This requires Analysis, Commercial expertise and an Entrepreneurial style, with a Finance Business Partner like ACE Interim Solutions my clients rest assured that their business will experience sustainable financial management. With over 15 years of Business Partnering experience I have the skills and technics to provide essential leadership and core commercial acumen that ensures targets are met.
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Offering detailed revenue and cost projections with key step by step delivery plans and detailed scenario analysis giving risk assessments and quantification whilst also providing alternative courses of action to mitigate risk.
Following these simple principles, I have managed to significantly reduce and manage costs: -
1. Establish a cost base line by ensuring the accounts are accurate and timely.
2. Streamlined procurement processes implemented ensuring appropriate budgeted approval levels whilst not restricting the business with red tape.
3. Significant and sustainable savings from key supplier negotiations indirect spend categories i.e. Office Supplies, Telecoms, IT, Workwear and others.
4. Dedicate time and resources to focus on cost lines that drive ROI and support the delivery of strategic KPIs i.e. Marketing, training and product development.
5. Staff cost base review, having worked on several business recovery plans. My main advice is that this is not pleasant for anyone so cut once, ensure prompt change and focused on the key business needs.
6. Build a culture of ownership and responsibility with continued monitoring and analysis, ensuring prices remain best value.
Having excelled beyond every objective set, I grow businesses whilst ensuring the highest standard of financial control and management. Please email [email protected] to discuss further.
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The Author: Daryl Gilley
About:
I am driven by goals and achieve them by being commercially focused, entrepreneurial in style and analytically minded. Whilst working in fast paced creative environments I have added value by being able to challenge key assumptions and drivers which improve the performance of the business. I have experience of identifying new opportunities, launching new products and developing pricing strategies to maximise organic revenue growth and continuing to improve overall profitability by implementing and managing effective cost controls and cashflow management. As a Business leader I have developed, implemented, monitored and evaluated financial strategies improving the profitability of the businesses I have worked for, whether that has been small media, large FTSE 250 recruitment or SME coach operator businesses.
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