It is vital for CEOs to have accurate and relevant management information available to them on a regular basis, which will both ensure that they really own the management accounts, which lenders and investors now demand, but also enable them to make the decisions that they have to make on a regular basis with confidence. It will also be of great benefit when a financial proposal is required, either for further funding, or sale or acquisition.
The presentation of any finance proposal is absolutely vital if the required level of funding is to be secured. Even the renewal of existing facilities can be a big challenge without proper presentation of the company’s financial position and forecast. We are told too frequently that proposals are declined purely because the presentation has not been at the level required. This leads to a lack of confidence and a consequent rejection of the proposal, despite the fact the core proposition may have been sound.
If you recognise any of these challenges in your own business and would value professional help, please contact Joel Penrose, Director of Banking & Financial Services at Pace Equity, for a no cost, no commitment consultation on the commercial or funding issues facing your business.