Take advantage of having a highly experienced team at hand and focus on growing your business we are the leading adviser to dynamic entity, supporting a full consultancy and delivery service for entity’s looking to develop their finance and accounting business processes.
Shared Service Centre (SSC) /Back office outsourcing
We provide outsourced accountant like( accounts payable, accounts receivable ,etc.),Daily Treasury operations, payroll, Human resource (HR), Information technology (IT) and tax services to domestic SMEs or international organizations. If you face complex tax and payroll challenges, our tax, wealth management specialists provide expert advice.
Chief Financial Officer Services
One of the prime issues that hold your business from progressing the way you want is its financial management. CFO services in Egypt help you understand your business, designing granular reports that are specific to your industry and your current needs. Availing CFO services from New Gate will help you understand where your biggest risks lie and opportunities are going forward, opening the road map to growth and stable financial health.
Outsourced CFO Services
CFO services play a vital and strategic role in any business in Egypt. The lively and stimulating business environment in the Egypt underlines the need for expert CFO Services, but most of the business owners often try to do it themselves because they believe they cannot afford the cost of full-time CFO services in Egypt, NG recognizes this challenge of your businesses. Instead of having an in-house CFO, get the opportunity of having outsourced CFO.
A Chief Financial Officer is mainly responsible for managing the day-to-day business activities related to the finance, accounting, etc. An efficient CFO will be strategic, progressive, and constantly predicting future cash flows and financial performances. The forward-looking services of a CFO help to identify and address the requirements of resources and financial aspects well in advance to give a positive turn for your business. A CFO has to function the following responsibilities in the company:
CFO Services
- Frame Business strategy and Action Plans
- Accelerate their Implementation
- Prepare Annual Budgets and Performance Management Discipline
- Prepare reports as per the management requirements for making the decision-making process easier
- Prepare and implement proper cash flow policy
- Setting up of internal control procedures to enhance the efficiency and productivity of each department.
- Timely management information to improve decision-making
- Create budgetary control measures
- Enhance financial discipline in Working Capital Management
- Better understanding of your business finances and cash flow
- Professional guidance for your business planning and forecasting
- Review contracts and ensure that the terms and conditions are made beneficial for the organization.
- Budget preparation & monitoring
- Training and support for your accounting staff
- Set up and handle insurance revisions and reduce the risk of unexpected loss in future
- Cooperation and negotiation with bankers, attorneys, and other business associates
- Enhance the debt collection and proper management of cash flow.
- Manages the cash flow of the company ,Treasury Management
- Plans and manages the financial actions of the company’s performance
- Analyzes the financial strengths and weaknesses of the company
- Proposes corrective measures for the improvement of the company
- Supports the CEO in decision making
- Cash Flow Management Services
The success of a business depends on the proper management of the cash and the proper planning of the investment by the shareholders. The cash flow statement is a fundamental component of business cash flow management. Cash flow management is the process of monitoring, scrutinizing, and augmenting the net amount of cash receipts minus cash expenses. It is the efficient and effective use of cash inflows and outflows without affecting the operation of the business and advice on cash related inflows & outflows i.e. its proper collection, the right time for further investments, and prioritizes the supplier payments along with inside payment. It is advice on the utilization of bank facility and LC facility from the bank for supplier payments, and the effective capital structure by balancing debt & equity ratio
Benefits to Outsource Cash Flow Management Services
A practical substitute to make better cash flow is to outsource cash management to a specialized service provider,
NG professionals can make you free from the drain of handling routine cash flow management tasks and put the concentration back on obtaining new customers and congealing stakeholder relationships. NG can also help you make a decision towards the selection of the source of funds internally or through Bank facilities or by further investment. Bad cash flow for protracted periods of time will force many property developers into bankruptcy.
Unproductive financial management can make or break revenue bottom lines and can sternly pull-down growth prospects. If the business repetitively spends more than it produces, remember, it’s in a cash flow problem.
