Streamlined financial management for a Hospitality and Packaging Supplier

A hospitality and packaging supplier faced significant financial management challenges. The business dealt with a high number of invoices, both receivable and payable, which complicated cash flow management. Customers paid at different times, leading to inconsistent cashflow. Additionally, the business struggled with reconciliation, tax and BAS management, and lacked accurate financial forecasting.

Benchmrk implemented a comprehensive program to address these issues:

1. Financial Oversight and Reconciliation: We provided full oversight of the financial management process and took over the reconciliation of all invoices.
2. Tax and BAS Management: Our team managed all tax and BAS payments, ensuring compliance and timely submissions.
3. Regular Business Reviews: We conducted regular reviews of the business, offering recommendations for improvements based on financial data.

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The tailored solution resulted in substantial improvements for the business:

• Business Growth: The business doubled in size within 12 months due to better financial management and strategic planning.
• Cost Reduction: We were able to reduce the costs of accounting and bookkeeping by half, providing significant savings.
• Improved Data and Visibility:  Enhanced data and visibility helped identify troublesome suppliers and customers, enabling the business to make informed decisions and streamline operations.
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Client Testimonial "As a small business, we tried a number of different ways to manage our bookkeeping and accounting. Brett made it so easy, provided tools to help us, and the business did better as a result."

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