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As the economy continues to prove challenging for companies (and will continue to do so for some time), decision-makers need accurate and early information as to whether the company is earning a profit or incurring a loss.

Apart from obvious accounting services which improves a company’s finance function, a professional financial accounting consulting service brings a lot more value to a company, including:

Reduced Overhead Costs.
Having full-time accountants in-house with benefits is costly whereas contracting a financial accounting consultant is a more straightforward expense and a lower cost. An experienced financial accounting consultant may also do the work in less time than a less experienced in-house resource.

Access to Expertise & Specialists.
An experienced consultant comes with an embedded database of years of knowledge and having consulted to many companies they can easily provide input on what works and what doesn’t work. That is, their learning has already been paid for by others.

Data Security.
Data security is critical in financial management, and a financial accounting consultant will be aware of the best cybersecurity technology available, plus the fit various technology will have with your data protection requirements.

Unbiased Insights & Input.
A financial accounting consultant does not have a personal stake in decision-making, so you’re likely to get recommendations that are in the interest of your business. This eliminates bias and skirts politics or personal agendas in decision-making.

Growth & Scalability.
As you grow your company, an experienced financial accountant can help you to scale – a complex and underestimated process, often with high risk – and through accurate and detailed reports and practiced insights, help you to reduce risk associated with growth.

Technology Fit.
New technology can be disruptive and sidetrack a business, and a financial accountant consultant can help to select the most appropriate technology while smoothening implementation.

Wide Network.
The importance of a consultants wider and natural network is often underestimated.

With many years of experience in multiple sectors, a financial accounting consultant has access to a wide network of credible specialists. This can range from Forensic Investigators, Asset Accounting and Modeling specialists, and corporate lawyers to top Brand and Marketing experts, and everything in between.

They are highly unlikely to make an untested referral as doing so could damage their own reputation and standing with your company.

Within their own consultancy they have easy and ongoing access to other financial specialists which means that their conversations and experiences find their way naturally into your company, including new trends and emerging opportunities and risks.

The company owner, CEO or Chief Financial Officer of a company will always benefit from having an experienced financial accounting consultancy alongside them, freeing them to focus on vision, strategy, and operational execution.

 

Nico de Kock CA (SA)
Managing Director
Mubesko Africa
nico@mubesko.co.za
mubesko.co.za

Mubesko Africa operates in the private and public sectors, consulting on financial accounting support and management solutions, asset accounting and modeling, and forensic services and investigations.

Mubesko Africa’s clients include some of South Africa’s top performing district and local municipalities awarded clean audit reports by the Auditor General.