Providing a full outsourced accounting support to Comtec Enterprises
Comtec are an award winning provider of IT infrastructure, data centres and communications solutions. A few years ago, they asked for our help, as their current outsourced accounting provider was not delivering the service they needed.
The company and its associated businesses had recently gone through a process of consolidation to help refocus the business. However, management time was being spent on internal financial matters instead of looking forward and planning a strategy for growth. A solution was therefore needed, to help free up management time, provide relevant and timely support and financial information to assist in the decision making.
Roffe Swayne were asked to provide a full outsourced accounts service to the company. These services include: day-to-day bookkeeping support, preparation of monthly management accounts, monthly payroll and end of year compliance services, including accounts and tax, as well as support on strategic matters.
How we helped
We met with Nick and his team to understand and learn their bespoke accounting system. Having carried out a systems review as part of our audit work, we worked with their team to establish a process of monitoring income and costs by project. This has meant the monthly accounts we prepare, now give Nick a much more accurate reflection of the company’s profitability than he has had in the past. In addition, we helped to design the management accounts pack, so it contained reliable information to enable Nick to make timely decisions.
We now have regular meetings with Nick to discuss the business’s financial performance. We also act as a sounding board as they look for new business opportunities. Whilst our two businesses are very different, we have been able to discuss and share similar challenges both our businesses face around growing the business, economic challenges, staff and property issues.
Testimonial from Nick Claxson, Comtec Enterprises
“When we were looking to outsource our back office operations we undertook a rigorous vetting process and have been impressed with Roffe Swayne who have met and exceeded our expectations.
Roffe Swayne have shown themselves to be far more than an ‘accountancy service’, they have demonstrated a role of trusted business advisor with a breadth of knowledge through their people to provide valuable input.
As our company has been structuring itself for high growth and we had a lot to do focussing on our core activities we feel that Roffe Swayne have allowed us to carry this out with no distraction and a high level of back office support.”