Payroll services

Outsourcing the accounting function is a method for effective cost cutting, cash flow improving, obtaining better control, ensuring higher performance and increasing predictability and flexibility within the company.

Find out now how much the accounting services would cost you!

Financial accounting consulting

Outsourcing the accounting function is a method for effective cost cutting, cash flow improving, obtaining better control, ensuring higher performance and increasing predictability and flexibility within the company.

Find out now how much the accounting services would cost you!

In/offshore group management

In a world that is aiming increasingly towards entrepreneurship and globalization, more and more entrepreneurs are diversifying their portfolio both locally and internationally, which supposes even more companies to control.

Managing a large number of companies in such a group becomes complicated, it requires time dedicated to the organization and follow up of the portfolio so that the profit obtained at group level is maximized, needs tools in establishing a fiscal strategy at group level which to allow the optimization of fiscal decisions and the accurate allocation of cash flows towards the entrepreneur’s areas of interest.

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Financial consulting services

As a business grows and transforms, it becomes increasingly complex and it entails unused assets, liabilities and old accounts, too many bank accounts, expired or obsolete inventories, registrations of mortgages not yet canceled, old internal controls, losses, costs implicitly generated and which are no longer necessary or for which cheaper solutions exist, inefficient communication between departments, redundancy between tasks, unstructured files and documents, incomplete databases etc.

The complexity and absence of a financial organization system reduce profits by 30-40%, increase the time allocated by managers to activities that do not bring value up to 30%, reduce the employees' motivation and make it more difficult to react to opportunities and changes on the market.

Finsmart provides you financial consulting services which will help you bring clarity, simplicity and completeness to accounting reports, client databases, documents, inventories, internal systems, expenses etc., to ensure that your business is prepared for a new development stage.

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Management consulting services

The decisions affecting the business’ future should not be made without specialized advice and, even if you have employed such a specialist, it is always recommended to obtain a second opinion from an independent consultant who could bring a new perspective or who could see clearly improvement possibilities, especially in the areas involving taxation changing perpetually, high risks and/or costs.

The cost of obtaining an expert opinion for an important decision is negligible as compared to the cost of failure, even if money is sometimes spent to find out that an idea or direction is not the best way to follow.

A second opinion, based on professional and ethical integrity, is an essential management instrument. This way you save time, money and your conscience is clear that you have done anything possible to ensure the quality and success of the original vision.

Finsmart’s management consulting services are intended to clarify complex matters and transactions our clients face, normally transactions that are not part of the daily business activity and require more profound thinking and analysis. We see beyond figures and we are able to assess a situation or a matter from all possible angles and find ingenious solutions.

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Fiscal consulting

The fiscal field is permanently changing, which makes it more difficult for companies to define a fiscal strategy which to avoid risk, yet, at the same time, to maximize growth and profitability.

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Receivables’ management

The timely recovery of receivables is an extremely important cash flow source. If this area is badly managed, it is possible for the business to not have sufficient liquidities to cover internal expenses.

ACCELERATE CASH FLOW!

The daily management of receivables of an intense bureaucratic, time consuming and costly activity. When companies handle it alone, the lack of professional knowledge, time and management software may lead to inconsistent communication and to an ineffective client relations system, which could cause the delayed recovery of the receivables, rising irrecoverable or overdue receivables and higher internal costs.

Finsmart will help you cash in your invoices in time and even faster, but it understands it is crucial for a business to maintain and develop the relationship with the existing clients.

Our team can take over the entire receivable management and recovery process and accelerate cash flows, giving you the possibility to focus on developing the business of protecting your investments. The recovery team will supervise each receivable, will identify and solve problems according to the parameters set together with you, to ensure a fast recovery of the debt, but also maintaining, and sometimes "healing", the business relation.

We do not act only when your receivable is overdue, we act since the invoice is issued or before. With the help of our legal advisor partners, we ensure that the communication documents between yourself and your client assist timely recovery and cover money loss risks.

If there are clients that do not respond to the regular receivable recovery steps and prove to be bad payers, we will let you decide whether to start the legal recovery (trials, enforcement etc.)

Our regular recovery process, which includes systematic notifications, reconfirmations, communication and payment plans solves 85% of the payment delays of old receivables and 90-95% of the new ones.

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Outsourced CFO

Many studies have shown that entrepreneurs or CEOs are more valuable for the company when they focus their attention on the sold product or service , on growing the business and they do not divide their energy to other areas, such as the financial one: cash flow, finance attracting activities, crediting policy, financial analysis, fiscal optimization, budgeting and planning, cost cutting etc.

A CFO would be the perfect solution, but the majority of small and middle size companies does not need a full-time CFO and cannot afford such a fixed cost, especially in a period of economic difficulties.

Finsmart provides several effective and flexible options, in the form of outsourcing. The companies have access to the expertise of a CFO in their team, but, depending on its size and stage of development, giving the possibility to increase/decrease the contractual level and keeping predictable and variable costs.

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Assistance with mergers and acquisitions

Our broad expertise in collecting and analyzing financial information allows us to assist clients in identifying and assessing correctly any potential mergers and acquisitions. Based on carefully interpreted information and on deep analysis of potential opportunities meeting specified criteria, we provide assistance in defining the correct negotiation strategy and concluding the transactions.

The merger and acquisitions assistance services have the role of helping you make wise investments, based on relevant and accurate information.

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