Finance Operations

Why B6?

Optimizing Cashflow

By outsourcing finance operations to B6, we can help you identify opportunities to improve cash flow and implement strategies to maximize your working capital.

Efficiency and Accuracy

We help you streamline finance processes by implementing best practices tailored to your business needs and leveraging technology to reduce manual tasks, improve efficiency, and enhance accuracy, enabling proactive financial decision-making.

Risk Management

B6 helps you to develop a robust financial management system that incorporates internal control to prevent errors, fraud and duplicate payments. Effective internal controls safeguard your business's financial resources and minimize the risk of economic losses.

What We Offer arrow_downward

Finance department setup and management
Account payable management
Account receivable management
Cashflow management
Cost/Project Analysis
Profit center analyse
Budget and Forecast
Cost control/optimization
Financial policies and procedures

Receivable and
Payable Management

B6 enhances your business well-being by optimizing accounts receivable and payable management with strategies for establishing a solid internal system foundation.

Staying on top of your accounts receivable and payable is vital to your business's financial health, whether you handle a handful of transactions per day or hundreds.

Engaging in proactive communication with clients and vendors facilitates the smooth processing of payments and collections, strengthening relationships and fostering trust. Managing your accounts receivable and payable goes far beyond tracking cash coming into and out of your business. Started with establishing clear policies and procedures, shortening transaction cycles, regularly reconciling accounts and addressing discrepancies promptly. By implementing best practices tailored to your business needs, you can plan to optimize and balance your cash flow, ensuring your business thrives and grows.

Our Scope of Accounts Receivable Management Services

arrow_forward Review current AR polices and procedures, and proposed recommendations

arrow_forward Maintenance of a dedicated email inbox to chase outstanding invoices due

arrow_forward Weekly reconciliation of paid invoices

arrow_forward Weekly receivables chasing and reminder combination with email and phone call follow-up

arrow_forward Preparation of accounts statements and updating clients for reconciliation

arrow_forward Updating clients/touch points for differences in the reconciliation of records in account statements

arrow_forward Various accounts receivable analyses, such as ageing analysis, business segment analysis, customer area analysis, etc.

arrow_forward Cash flow prediction based on the status of outstanding receivables follow-up.

Our Scope of Accounts Payable Management Services

arrow_forward Review current AP polices and procedures and proposed recommendations

arrow_forward Dedicated email inbox for supplier payments request

arrow_forward Verification of invoices against the statement of accounts

arrow_forward Advice on premature payment and discount availability

arrow_forward Payment instruction drafting for the due payments via bank transfer

arrow_forward Vendor account statement reconciliation

arrow_forward Payable ageing analysis, segment analysis, etc.

arrow_forward Vendor purchase history and price trend analysis

arrow_forward Cashflow planning

Cashflow Management

B6 helps you achieve operational success and financial health by sustaining adequate liquidity at the lowest cost through effective cash flow management.

Cash flow is the lifeblood of every company. In many industries, both debt and equity funding remain difficult to access. This poses a significant challenge for companies that need to maintain a cash position to stay competitive and pursue potential growth opportunities. Companies primarily focused on accessing external financing, however, may overlook a significant and often hidden source of capital: their balance sheet.

Accessing cash requires company-wide financial discipline and a clear working capital optimisation strategy. Most companies understand this. However, understanding is not the same as actively implementing strategies to improve your cash flow. A formal working capital strategy, adopting appropriate drivers and metrics, communicating clear policies and processes across the company, helps your company gain opportunities to hit its free-cash targets, reduce costs, increase shareholder returns, and fund growth.

Building a culture of cash management is crucial. B6 helps you translate financial discipline into various initiatives to strengthen the balance sheet, improve financial stability, and ultimately lead to greater profitability.

Our approach on cashflow management

1

Understanding your business and requirements

We begin the process by learning about your business in detail and your business goals.

2

Analysis of working capital components and identification of roadblocks

We analyze your current financial situation. We also examine various working capital components, such as accounts receivable/payable, inventory management, the cash flow statement, and credit terms/policies. Identify areas of improvement.

3

Cashflow Budgeting

We prepare a cash flow statement based on this analysis to provide you with insights into your future funding requirements and develop a cash flow budgeting plan to align with your business goals.

4

Cashflow Management Strategies

We proposed strategies for cashflow improvement, cost reductions, expenses management, AR/AP and inventory management and potential investment opportunities for surplus cash.

5

Risk Assessment and Mitigation

Identify potential cash flow risks, develop risk mitigation plans, and contingency plans for unexpected events.

6

Monitoring and Reporting Cashflow

We have real-time cash flow monitoring tools that generate weekly, monthly, quarterly, and annual cash flow reports. We are also performing variance analysis and communicating cashflow insights to stakeholders.

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FAQ

Can you provide fixed-priced outsourcing solutions for accounts receivable or accounts payable for my company?

Yes, we can provide you with fixed-priced AR/AP services. Once we receive details about the volume and scope of the work, we will be able to assess the time required. Based on this assessment, we can provide you with a fixed-price quote.
When do you need to outsource your finance operations?

When you need to reduce your operational costs, focus on business-critical activities and strategies that drive revenue growth and enhance internal efficiency.

Outsourcing to a professional firm like B6 helps free up your time and energy, allowing you to focus on what matters most.
What is cashflow management?

Cash flow management involves monitoring, analyzing, and optimizing the inflow and outflow of money to ensure a business maintains sufficient liquidity to meet its financial obligations and achieve stability.
Why cashflow management should be your company's top priority?

It is simply unrealistic for a company to expect to survive long term without robust cash reserves. Maintaining finances on a month-by-month basis while relying on occasional bridge loans is not a healthy way to run a business. It's understood in the business world that companies have bad years. It is the lifestyle of business.

However, if cash flow is planned correctly, the effects will not be as dramatic as they would otherwise. A robust cash flow is important, but it won't happen overnight. If your company does not have a CFO/Finance Director, B6, as a trusted advisor, can help you focus on cash flow management and stay resilient.

B6 helps you to unlock internal efficiencies and maximize profitability by focusing efforts on value-add financial pursuits.

Accounts Tax Secretary

Yes, we can provide you with fixed-priced AR/AP services. Once we receive details about the volume and scope of the work, we will be able to assess the time required. Based on this assessment, we can provide you with a fixed-price quote.

When you need to reduce your operational costs, focus on business-critical activities and strategies that drive revenue growth and enhance internal efficiency.

Outsourcing to a professional firm like B6 helps free up your time and energy, allowing you to focus on what matters most.

Cash flow management involves monitoring, analyzing, and optimizing the inflow and outflow of money to ensure a business maintains sufficient liquidity to meet its financial obligations and achieve stability.

B6