Aspire Solutions manages our systems, optimising cash flow and providing robust analysis
Aspire Solutions have greatly improved their MYOB accounting system and have tailored Premier Roofing’s retention management system and monthly financial reports – Now General Manager Craig Lawn always knows when payments are outstanding and if costs have gone over budget!
How Aspire Solutions made getting paid on time easy
- Looked at the current processes and worked with an external accountant (BDO Spicers) to identify a best practice for how the retention and claim processes should work, for reporting, GST and Income tax purposes
- Assessed the financial system capability to determine which was the simplest and most effective solution.
- Implemented a retention management software which integrated with Premier Roofing’s accounting system (MYOB). This enabled simple management of claims; particularly where the amount approved differed from what was claimed.
- Created retention reporting to track when and how much is due.
- Saved months of chasing, reduced errors, and helped get the money sooner!
“Now I know everything. Aspire Solutions provides us with reporting each month and I can see the outstanding retentions and don’t carry on without being paid. It’s given me an accurate tool to follow up payments and reduced misunderstandings or incorrect invoices going out – it’s fantastic!”
Other challenges Aspire Solutions has helped Premier Roofing solve…
- Margin Analysis – ‘Awakened us to cost blowouts” – “Aspire Solutions and Jo both work with Premier Roofing on a regular basis. For tax and cash flow planning purposes it is critical to match costs with revenue on a monthly basis. Aspire Solutions provides us with monthly financial reporting and when I look at previous months in hard figures it was really awakening because you can see lost margin easily” said Craig. “It always creates questions and I can direct the questions to my staff and find out why the forecast and actual figures don’t match.”
- Cashflow optimisation – Aspire Solutions complete several tasks every month to ensure cashflow is optimised. They have implemented several processes to enhance the financial system. This helps Craig and the team focus on what they do best, “I love knowing there won’t be any nasty surprises, Aspire Solutions have me covered”