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Bunny.net Finance function review

Objectives:

Evaluate the existing finance function, with a specific focus on team structure, billing, purchasing, and roadmap for improvements to the financial processes & controls

Make recommendations on more suitable systems and processes where appropriate

Note: the financial review described will be “lighter touch”, excluding the areas identified as a priority, in order to accommodate a full review. As we progress we will try to highlight areas in which we could spend more time, and confirm priorities with you before proceeding.

The Plan

The Plan

Stage

Task

Detail

Required from you

Notes

Discovery

RORA prep structure / question list for all sections below

Prepare detailed question list for the below sections, to maximise efficiency of meetings

Review current process documentation & systems (where available)

Open

Financial Processes and Systems review

Prep questions + high-level review of the following processes:

Revenue/Billing

Payment process

Accounts Payable

Expenses

Payroll

Inter-Co Set Up

Month End Processes

Month End Reporting

Walkthrough with SLT & Finance Team and any other relevant individuals to discuss and observe processes

Open

Financial Controls

Review processes, reconciliations and associated schedules

Discuss internal financial controls

Open

Big picture review

Dive in to more detail with SLT and other relevant team members to discuss:

current processes

bottlenecks

key objectives

requirements moving forwards

Get a sense of where the company is at

Open

Process Mapping & Review

Meeting with each key stakeholder to understand their input into processes

Mapping out of structure & processes

Delving into access & information blockages

Key outcomes for processes & team efficiency

Get a sense of the overall accounts and flow of information

Open

Recommendations

Identify alternative best in class systems & processes where needed

Identify alternative systems

Identify alternative/improved processes

Split of roles & responsibilities

Evaluate system integrations with existing stack

Open

Report on recommendations

High-level process maps

Urgent changes required, if applicable

Recommended improvements

Open

Review recommendations

Discuss on call with team

Discuss next steps

Open

⁠

NB:

We contract for a number of days booked rather than for fixed outputs. We think this model gives more flexibility and a better integration with your team. We’re confident we’ll be able to deliver the above within the recommended scope, however, we do not guarantee fixed outputs - just an agreement on priorities and where we’ll spend our time. Our team work for you on a secondment basis for the days contracted.

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