Planning & Goals Setting (operational & financial) will define the following.

• WHAT needs to be done
• HOW it will be done
• WHO will do it
• BY WHEN will it be done

End Results Delivered by Outgrow

• Company Level Goals
• Departmental Goals
• Individual Goals
• Resources Mobilization
• Employees working towards unified purpose
• Accountability & Ownership
• Time Sensitivity
• Merit Based Culture

The financial statements of your business are expected to reflect the state of the business to anyone who cares to have a look. Inaccurate financial statements reflect an incorrect state of the business. It becomes an extremely risky affair when the management takes critical business decisions on the basis of reviewing false & inaccurate financial statements trusting them to be otherwise.

Outgrow’s “Finance Control Services” strive to deliver the following to you.

• Financial Statements that always provide a True & Accurate Reflection of the state of Business
• Annual Financial Planning exercise conducted at the start of the year, and revisited every quarter
• Monthly Closing of Books completed by Week-1 of the subsequent month
• Clear Segregation of Duties & Responsibilities between various team members through RACI Matrix, to avoid duplication and cross-overs
• Maker, Checker & Approver Concept introduced for validating the accuracy & completeness of data that goes into the system
• All activities designed to be performed Within the System itself

End Results Delivered by Outgrow

• Monthly Reporting of Financial Results
• Production of P&L, B/S and Cashflow Statement
• Financial Dashboard with detailed analysis
• Board and Investors empowered with critical information
• Allows Management-Reviews and Critical Decision-Making
• Areas of revenue leakage and cost optimization identified
• Better Cashflow Management
• Superior Regulatory Compliances

Outgrow’s services strive to deliver the following to you.

• Standardised Processes for (i) Procure to Pay (ii) Order to Cash and (iii) Record to Reporting
• Use of an ERP with in-built processes that best serves the unique needs of the business
• Decentralisation of authority so that no single person or a coterie of people could make personal gains at the cost of the company
• Centralisation of authority for maintaining the master database within the ERP, including the Chart of Accounts
• ERP users trained to use the ERP optimally

End Results Delivered by Outgrow

• Shorter Transaction Lifecycle
• Enhanced speed of doing business
• Freeing up of Working Capital
• Enhanced Customer Satisfaction
• Superior Material Management and Production Planning
• Stronger Vendor Relations
• Total elimination of frauds and financial crimes
• Accurate recording & reporting of transactions

A company’s management needs to:

• Get a Fair & Objective View of what’s working well within the business and what needs improvement
• Appraise the Performance of the business by products, customers, geographies etc.
• Provide Sanctions & Approvals necessary for smooth & effective functioning of the organisation
• Get aware of Latest Trends & Patterns emerging from the market
• Form an Informed Opinion of things to make critical decisions

This means:

• Relying upon Management Reports that are reliable and time-relevant, rather than spurious and distorted
• Receiving a Succinct View of things alongside a more Detailed View in case they wish to dig deeper into specific matters

End Results Delivered by Outgrow

• Quicker resolution of challenges
• Focus only on what matters
• Enhanced speed of doing business
• Staying market relevant
• Sharper decision-making
• Elimination of Surprises
• Cautious workforce