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Initial system review


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Objectives:
Evaluate to what extent our current systems would cope with significant growth
Make recommendations on more suitable systems and processes where appropriate

Our plan
Stage
Task
Detail
Required from you
Proposed allocation
Notes
Light touch review
4
Financial Processes and Systems
Invoicing
Cash collection
Procurement
Payment process
Expenses
Payroll
Month end
Equity management
Audit readiness
Budgeting
Reforecasting
Treasury management
4 hrs with FC and any other relevant individuals to discuss and observe processes.
8 hrs
Open
Review Insurance-Specific Financial Operations
Claims management
Unearned Premium
Actuarial interaction
2 hrs with relevant individuals to discuss and observe process
2 hrs
Open
Netsuite set up
Discuss with RORA NetSuite SME for best practice
Netsuite Access
2 hrs
Open
Scale readiness
Assess process in the context of 2x, 5x, and 20x growth
1 hour with FC or relevant individuals
4 hrs
Open
16 hrs
Sum
Recommendations
2
Identify alternative best in class systems
Identify alternative systems
Evaluate system integrations with existing stack
Contact vendors if required to assess viability
​
4 hrs
Open
Collate results and recommendations
Write up findings
Discuss on call with team
Discuss next steps
​
4 hrs
Open
8 hrs
Sum
1 day
Sum
⁠

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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. However it does mean that we’re not able to 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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