Opportunity out of adversity
Successful businesses we’ve worked with over the past 12-18 months have combined agility and planning. In order to take advantage of the funding landscape many of our clients have acted quickly to get access to finance, as borne out by our corporate finance team who have completed more M&A transactions in the last quarter than ever before.
However, many of these same clients were already in great shape having put in the groundwork to ready themselves for growth finance. The focus on long-term preparation has included a thorough examination of the internal and external factors that might need addressing in their business - both in terms of having readily available financial information, a business structure that works best for expansion as well as having forward-looking business & cash flow model that fits their strategic growth plan.
Related to this and common across all sectors we work with is that we have witnessed a move towards cloud-based financial software as founders are looking for more support with setting up their internal systems and processes in a way that gives them immediate access to key information. One of our clients, for example, has moved towards implementing a fully cloud-based platform that integrates its financial information and provides KPIs in real-time basis across all of its locations.
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We have also seen an uptake in requests for statutory audits as startups and scale-ups look to provide greater assurance to potential investors ahead of fundraising activity.
Many of our clients have been looking at overseas expansion as technology continues to break down international barriers for doing business. Common locations, driven by client demand are the US and the far east as well as implementing developing hubs in Central and Eastern Europe. This is being led by demand from overseas as well as the opportunities for employing a more international and diverse workforce. Planning for such an expansion and navigating local compliance and regulations remains a key consideration.