Success Stories
Accorti Accountants + Advisors
Learn more about the problems we help clients solve
Client
Commercial Construction
Challenge
Client had future work substantially in excess of their approved QBCC Maximum Revenue requiring client to turn away work.
How we solved it
We reviewed their business structure and implemented a restructure of operations
Outcomes achieved
QBCC Maximum Revenue increased threefold to enable contracts to proceed, boosting business income and profit
Services provided
Strategy, QBCC Annual Reporting, Structuring, Financial Reporting
Client
Hotel Operator
Challenge
Establish a finance function for new hotel integrating bookings, cafe/restaurant, in-room entertainment systems to enable streamlined reporting and payment systems
How we solved it
We looked at a range of front-of-house booking systems, CRM and POS systems, as well as various back of house accounting software. We helped the client settle on their preferred providers and assisted with implementation and integration of systems and various merchant facilities.
Outcomes achieved
Streamlined, integrated, data rich systems enabling efficient reporting and minimise administrative costs.
Services provided
Process and systems review, systems implementation and training
Client
Golf and country club
Challenge
Poor profitability across business
How we solved it
We implemented a strategic review of business to identify goals and actions.
We discovered a legacy accounting system which was slow, difficult to use and provided no oversight of where or why profitability was impacted. We implemented a software upgrade to improve oversight, reporting and efficiency, enabling a reduction in administration staff.
We also identified several opportunities to diversify income streams and boost business value. We developed a strategic plan for the next 3-5 years to roll-out these income streams and business units.
We discovered a legacy accounting system which was slow, difficult to use and provided no oversight of where or why profitability was impacted. We implemented a software upgrade to improve oversight, reporting and efficiency, enabling a reduction in administration staff.
We also identified several opportunities to diversify income streams and boost business value. We developed a strategic plan for the next 3-5 years to roll-out these income streams and business units.
Outcomes achieved
Improved profitability, reporting, reduced costs and implemented change in operations.
Business owners clarified strategic direction and action plan to increase long-term business value
Business owners clarified strategic direction and action plan to increase long-term business value
Services provided
Strategic planning, cost review, processes and systems review.
Client
Construction
Challenge
Client operated as a services trade to construction industry. The business had poor profitability and cash flow.
How we solved it
The Accorti team reviewed the internal business systems and processes. Working together, we updated the accounting systems to enable real-time job and cash flow reporting, allowing the business owner to understand the business’ financial position at any time.
To help manage cash flow better, we established a payment collection process that was enabled to support various payment methods.
To help manage cash flow better, we established a payment collection process that was enabled to support various payment methods.
Outcomes achieved
Business owner was equipped to see where they were losing money, understand the reasons why and implement remedial action leading to cost reduction and timely payment collection.
Services provided
Bookkeeping, business processes and systems review, financial reporting, business advice
Client
Property Development
Challenge
Property developer’s residential townhouse development indicated marginal feasibility due to reduced bank funding.
How we solved it
In conjunction with client, undertook a strategic review, which identified alternatives and helped client to reposition the project as a “Build to Rent” model. Assisted with loan structuring for long-term investment, feasibility modeling, and bank funding.
Outcomes achieved
Achieved an increase in bank funding, allowing the project to proceed and client to realise their investment.
Services provided
Strategy, financial modeling, business advice
Client
Caravan Park Operation
Challenge
Business owner operates several caravan parks located in remote areas and was seeking a way to monitor management and operational performance because they were not physically based at business sites.
How we solved it
We identified and implemented strict controls and delegated authority and duties between site management and business owner. Business accounting function relocated to the Accorti office, enabling the business owner line of sight across business.
Outcomes achieved
Improved financial reporting, improved cash control, reduced business risk, improved management performance.
Services provided
Outsourced accounts, financial reporting, risk management
Client
Commercial Property Investor
Challenge
Client was experiencing financial distress due to failure of a business, putting related commercial property portfolio at risk.
How we solved it
Worked with client and other advisors to quarantine assets from legacy issues.
Outcomes achieved
Protected significant property holding from potential claims, enabled repayment of bank debt in full and secured long-term tenants providing income stream for owners in retirement.
Services provided
Strategy, business advice, risk management
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