Accountants and Advisors for growing businesses

WITH PENTLANDS SUPPORT WE ARE NOW ABLE TO MAKE MORE INFORMED DECISIONS QUICKLY

“When you are looking at strategy and planning for growth, having the correct tool is so important. Thanks to the support of Pentlands and the introduction of Fathom software we are now able to make more informed decisions quickly.

We have significantly reduced the duplication of data, creating efficiencies and making the better use of our time. Our Head of Finance now has capacity to focus on the strategic elements in her role.”

Sophie Howe, Director, Comtec Translations

SUCCESS STORY – COMTEC TRANSLATIONS

For over 40 years Comtec Translations has been helping companies to communicate in different languages across the globe. Whether it’s translating training in Turkish, newsletters in Norwegian, videos in Vietnamese or manuals in Malay. Read how Sophie Howe, Director, has benefited from Pentlands’ support to bring greater clarity in making strategic decisions.

SOPHIE HOWE

“Before I met Elinor, I just didn’t appreciate what value you could get from an accountant. The business was at a stage where we really needed a lot more input in terms of financial planning. We had experienced bad advice from previous accountants, and we just knew that we needed to work with someone better.

We wanted greater clarity and insight into the impact of our financial investment decisions. We wanted to move away from spreadsheets and use a software for forecasting that was fully aligned to Xero.

We have been working with Paul to introduce a streamlined process with tools for effective forecasting. This is a critical element in supporting us in our continued growth strategy. It helps us to consider ‘what if’ scenarios showing us the impact of different growth trajectories. For example, if we were to add team members, it runs the numbers and enables us to see the impact on our cash-flow and profitability. It is really beneficial when we are making plans of where to invest in the business.

Paul is very helpful and responsive; he has taken the time to understand our business. He reviewed our management accounts, helped us to make the necessary adjustments in Xero to ensure accurate information was being shared with our chosen forecasting software – Fathom.

We have significantly reduced the duplication of data, creating efficiencies and making the better use of our time. Our Head of Finance now has capacity for to focus on the strategic elements in her role.

When you are looking at strategy and planning for growth, having the correct tool is so important. Thanks to the support of Pentlands and the introduction of Fathom software we are now able to make more informed decisions quickly.”

Objectives

Work with accountants who understand all of our business

Greater clarity and insights into the forecast impact of decisions

Successful implementation of a forecasting software that is aligned to Xero

Challenges

Time consuming to run different forecast scenarios

Greater potential for inaccurate information by working with spreadsheets

Inefficient use of time with duplication of data entry and forecast calculations

Results

Smooth set up of Fathom forecasting software and integration with Xero

More efficient – time freed up to focus on growth strategy

Able to make better, more informed decisions quickly

CHANGING ACCOUNTANT CAN SEEM LIKE A DAUNTING TASK, BUT IT DOESN’T HAVE TO BE

Rest assured with Pentlands you are in safe hands. We will work with you to make the transition as smooth and pain free as possible. Following our simple three-step process, we take the hassle out of your hands and will do most of the work for you.

If you are thinking of switching accountant, let’s explore how we can support you to maximise your business growth potential. Take your first step and get in touch for an informal chat.