Explore

Initial system review

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

Our plan

Stage

Task

Detail

Required from you

Proposed allocation

Notes

Light touch review

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

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

⁠

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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