EDR has what you need to Building Better Business
What does success mean for you? Whilst the backbone of every good business is the right compliance and taxation support, we feel the role of an accountant should be much more. We start by working closely with you to understand your business plans and objectives, and often help define what these actually are. From there, we work together to streamline, build and future proof your business with the right processes, technology and action points that will transform your business.
We make a range of business services previously only accessible to bigger businesses, at a fraction of the cost. From fixing, building, future proofing and progression, we will guide you with:
What Business Advisors services do we provide?
Business & Corporate Structures
Growth & Progression Planning
Information Systems (IT) & Operating Systems
Dedicated Virtual Assistants and Administrators
Dedicated Marketing Solutions
Don't take our word for it,
A customers journey
Building better business
Geoff runs a successful IT managed services provider and was growing rapidly in its third year of operation. They had $240K of taxable income but had minimal to show for it by way of cash in the bank, alongside a significant tax bill owing.
Unfortunately, this is a common occurrence with many of the businesses that come to us. Upon investigation, we found that the business was committing a large proportion of available cash on ineffective marketing techniques, ATO payments, car and equipment repayment, as well as wage payments.
After a review of the accounts, we prepared a cash flow budget with Geoff so we had a clear plan on how we would meet tax bills, ATO and other operational obligations. We were able to sit with the leadership team and form KPI’s for the business, which we translated into sales KPI’s for the senior staff, and utilisation indicators for the technicians, all backed by incentives and redefined position descriptions. Through an analysis on industry benchmarks, marketing activities were adjusted and the digital marketing plan was revised to ensure that marketing spend was aligned with revenue generating activities. Finally, we did a review on the businesses value proposition, and adjusted the charge out rates according to the different services rendered to meet industry benchmarks. Finally, we brought together a CRM to manage the sales pipeline and provided a team member with debtor follow process that drastically reduced their aged receivables.
"These are real clients, with their names changed for their privacy"