Self Assessment - do you have an underperforming finance team?
If you observe the presence of the following factors, it is indicative of a suboptimal finance team
Delayed Financial Reporting > 5 working days
Constant cash flow issue
Lack of Budgeting and Forecasting
Use Excel for consolidation
Qualified financial reports (audited)
Low gross/net profit margins
No customer profitability analysis
No product profitability analysis
Unable to perform post-merger separation / integration
High Turnover in the Finance Department/Team
Non-Compliance with Regulatory Requirements
Lack of Strategic Financial Planning: