Who we help » Engineering
The engineering and manufacturing sector covers a wide range of specialisms, from civil engineering to chemical engineering, mechanical to electrical engineering and manufacturing. One common trait though is that all business owners and finance teams want to ensure they are fully compliant, tax efficient and have the data they need to grow their business at their fingertips. Leaving them to be able to concentrate on planning, and managing projects, safe in the knowledge that they are financed, controlled and profitable. That is where Farnell Clarke can help and support you.
Engineering and manufacturing are broad terms, but the sectors are highly competitive, and successful businesses in this sector have a real focus on innovation, strategy and planning and the use of technology. The ongoing investment in technology, machinery and people separates this sector from many others, but often the systems, processes and technology that control the financial management that underpin these large decisions are left behind. If you don’t think you have the right financial systems and tech giving you the right data you need when you need it to make these investments decisions, we can help.
Cashflow can be the biggest challenge for any engineering and manufacturing firm no matter what the specialism. Ensuing you have tight control over your cashflow and the right reporting tools to ensure you know you are tracking fluctuations that may happen when managing multiple projects is paramount. Directly linked is the need to ensure your accounts receivable and payable are properly managed and you are chasing and minimising late payments.
We like to really understand our client needs and their specific aims and objectives. Then, using our expertise we can work with you to build a package of solutions that is right both for your needs and your scale. Whether you are just starting out, or a much larger business working across multiple sectors and countries, the starting point is always to talk to you.
As cloud accounting experts we can recommend and implement a suite of leading accounting tech and apps to simplify processes and ensure you have the right controls in place, so you don’t have to worry. We can even act as a fully outsourced solution, giving you true peace of mind and letting you focus on running and growing your business, while we ensure you know your financial controls and management is being handled properly.
We will work with you to ensure that you don’t just have the right controls in place and the data you need. We will also ensure that you are fully compliant and working as tax efficiently as possible and exploiting all opportunities available to you including research and development tax credits.
From managing expenses right up to running a fully outsourced payroll function and HR consultancy, who understand the need for the right contracts for the very different types of employees you might have, we can help.
Farnell Clarke was formed over 15 years ago as a 100% cloud accounting practice. We are now one of the UK’s leading cloud accounting firms advising business of all sizes on the best way to use technology to streamline and improve their financial management giving better control and saving them money at the same time.
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Call our business development team on 01603 981750 or fill in the form below and we will get back to you.