Forecasting through the Brexit uncertainty will be crucial in maintaining business continuity and financial stability. The ability to access finance to fund future requirements is in part dependant of sound financial planning and strong management.
Have you planned for how post-Brexit uncertainties might impact your cash-flow and access to finance?
Financial planning and management considerations beyond Brexit
Do you have adequate forecasts to make appropriate business continuity plans?
Financial modelling and forecasting - Forecasting and in-depth financial modelling can offer views to maintain business continuity, as well as conducting information reviews and offering tailored accounting options.
Have you got the right information to make the right decisions?
Management information review - Undergoing a management information review will identify and advice on specific issues, taking into account an analysis of budget vs actual, an examination of the production of accounts, the impact of debtor, creditor and or stock day changes.
Critical to minimising the impact that Brexit could have on both business continuity and access to funding is considering the ‘what if’ scenario. You should consider simulating the effect of changes to areas such as customs regimes and potential barriers to commerce, combined with the ongoing economic downturn. By doing this exercise you will be able to build in appropriate responses to the challenges you may experience.
If you would like to know how we could help your business with preparations post Brexit, please get in contact with Simon Hart.