3. Digital Transformation
Streamlining | Automation | Cloud computing
4. Financial Controller
Ensure accuracy, compliance, and timely reporting
5. External CFO
Design financial strategy and set up capital structure
CHOOSE AMONG THE FOLLOWING SERVICES
Overview
Your challenges. Our Solutions. Your Benefits.
Accounting Management
Fully or partially outsourced accounting management
Digital Transformation
Streamlining | Automation | Cloud computing
Financial Controller
Ensure accuracy, compliance, and timely reporting
External CFO
Design financial strategy and set up capital structure
OVERVIEW
Accounting & Bookkeeping is one of the most essential parts, the very backbone of any organization. Still, for many, it is their Achilles’ heel. Neglected by some and hated by others, sometimes it seems to be a cumbersome and dull job nobody is happy doing in a company.
In fact, until recent times, running an accounting department (or hiring an external firm) used to be quite an expensive piece of work, as it required a lot of human resources, paperwork, and attention to detail. Accountants once spent most of their time doing manual entries and searching for mistakes. The system was therefore prone to errors, it had a reduced level of control and visibility, and it presented a great vulnerability to fraud.
Thanks to a proprietary formula combining automation and outsourcing, we have been able to cut bookkeeping and accounting costs in a substantial manner, besides speeding up the process, and eliminating error-prone conditions and lamentable delays for many of our clients.
Our team of experienced accountants can help your organization understand and manage finances by offering customized accounting solutions that are tailored to your specific needs as a company.
Choose our fully-managed (outsourced) Accounting Services, ask us to Streamline and Automate your in-house accounting systems, hire us as your Financial Controller or as your CFO – no matter what, you always win.
- Speed – reduces processing times and manual labor
- Huge savings – reduces accounting & bookkeeping costs up to 30% or more
- On-time payments (both to your vendors and from your customers)
- Accuracy – reduces the risk for error and double handling
- Visibility – total visibility and control across the whole process
- Mobile access*
- Multi-user access options
- Enhanced security and fraud protection
- Fast data retrieval
- Stronger key performance indicators (KPIs)
- Real-time integrations with other departments (e.g. inventory management, payroll, etc.)*
- Sustainability – reduce your carbon footprint through digital filing and storage
- Scalability – adapts to any organization size
- Easier audit, tax reporting, and compliance management
- Faster and more informed decision making for management
- Focus – removes all tedious and frustrating parts of the job, leaving room for management accounting and financial strategy, and making your organizations more agile
Our accounting expertise spans across virtually all industries: real estate, property management, lending industry, law firms, medical practices, construction, professional services in general (dentists, psychologists, chiropractors, realtors, insurance agents, writers, influencers, plumbers, painters, HVAC technicians, etc.), transportation (trucking), consumer goods (including e-commerce), accommodation, hospitality, travel, entertainment, as well as nonprofit and governmental organizations, to name a few.
Fully or Partially Outsourced
ACCOUNTING MANAGEMENT
Leave the repetitive and finicky tasks to us. Focus on your business.
Outsourcing accounting management offers cost and time savings, access to specialized expertise and real-time reporting, increased efficiency, and the ability to focus on core business functions, thereby enhancing overall organizational productivity and flexibility. You can choose one of the two options below, according to your priorities.
Fully Managed Accounting
Your full-charge bookkeeper is responsible for daily entry of accounting transactions: vendor bills, customer invoices, bill payments, customer payments and deposits, other disbursements or withdrawals. The accountant maintains complete and up-to-date detailed accounts receivable, accounts payable, and cash account ledgers and provides monthly or quarterly reports on these and other critical areas of business management. In addition, we can manage the payroll for you, or make the necessary entries to record payroll processed by a third-party provider. Keep your financials tax-ready!
Client-Managed Accounting
If you want to keep the main part of the accounting functions as an in-house department while outsourcing some of the most disrupting tasks for your organization, here are some of the services you can hand pick from our list. This is not a comprehensive catalog – if the service you are looking for is not listed below, contact us.
Essential Services
- Accounts payable (bills and payments)
- Accounts receivables (invoices and collection)
- Daily General ledger maintenance
- Expense classification
- Sales commissions
- Bank account reconciliation
- Credit card reconciliations
- PayPal reconciliations
- Prepaid accounts reconciliations
Advanced Services
- Budgeting & forecasting
- Spend control
- Inventory management
- Fixed assets management
- Time tracking & job cost reporting
- Payroll processing
- Work in process (WIP)
- Foreign banking management
- Sales and use tax filing
- 1099 forms
- Tax & audit support
Financial Reporting
- Balance Sheet
- Profit & Loss statement
- Cash Flow statement
- Inventory reports
- Accounts Receivable aging
- Accounts Payable aging
- Prepaid expenses by vendor
- Deferred revenue by customer
- Open sales order by customer
- Other
MAKE TECHNOLOGY YOUR ALLY
DIGITAL TRANSFORMATION
Digitize and streamline all your accounting | Machine learning | Automation
In today’s fast-paced digital landscape, the shift from slow, costly, and error-prone traditional accounting systems to streamlined, digitized, and automated solutions is imperative for staying competitive. Modernized systems offer enhanced efficiency, speed, accuracy, and scalability, empowering organizations to streamline workflows and make data-driven decisions in real time. From system integration and process optimization to personalized training and ongoing support, we provide holistic solutions tailored to your unique needs, for a seamless digital transformation of your accounting. Embrace the future of accounting with confidence and efficiency, with Sublimity Enterprises as your trusted partner!
How we do it
Analysis and Design
We'll analyze your organization's structure and processes, then design the best strategies and tools for your specific needs.
Digital Solutions
We’ll help you choose the best and most affordable (sometimes even free!) digital solutions for your organization – a cutting-edge, fast, reliable, and user-friendly accounting system. Choices may include, but not be limited to: an all-in-one software or a combination of different apps connected with each other in a seamless integration; cloud vs local solutions; a standalone accounting software or a fully-charged ERP; a ready-made system or our IT division can create a custom one for your organization.
Implementation
We’ll help you install and configure the new system.
Data Migration
Audit, correct, and transfer data from your your old accounting system (paper books or behind-the-times software) to the new one. Check data integrity after migration.
Automation
Automate processes, reduce manual error-prone entries, and set up validation/verification mechanisms.
Security
Configure users’ access and permission, regular backups, etc.
Testing and Correcting
Test all systems and functionalities. Correct any irregularity. Retest.
Training
Train your team on using the new system, including procedures, use policies, and security practices.
On-Demand Support
On-demand technical support and assistance with the new system.
Ongoing Maintenance (optional)
Periodic maintenance, troubleshooting, updates, and upgrades.
Results & Benefits
- ENHANCED SPEED & EFFICIENCY: streamlining workflows; faster decision-making; elimination of errors
- STRONG CASH FLOW MANAGEMENT: painless and fast billing process; timely, easy A/R and A/P payments; automated friendly payment reminders; integrated payment methods
- IMPROVED DATA QUALITY: automated validation and data integrity checks; reduced data silos through cloud-computing; better compliance
- COSTS SAVING: reduced operational costs; minimized compliance costs; staff optimization
- SCALABILITY: paves the way for customer growth; flexible pricing models
- REAL-TIME INSIGHTS: actionable data; competitive advantage; continuous visibility of tasks, deadlines, or compliance risks
- ENHANCED CLIENT SERVICE: client services consistency; client visibility through CRM integration; customized reporting
- SECURITY & PRIVACY: compliance with rapid-evolving regulations; data encryption
- IMPROVED EMPLOYEE SATISFACTION: reduced repetitive tasks; more opportunities for growth; streamlined workflows
- ECO-FRIENDLY PRACTICES: reduced paper usage; sustainable operations
- COMPETITIVE ADVANTAGE: market differentiation; attracting tech-savvy clients; future proofing
- TAX-READY FINANCIALS: makes creating tax returns easy, fast, and reliable
Take advantage of an external
FINANCIAL CONTROLLER
Enhancing financial governance, compliance, and strategic decision-making
Hiring an external Financial Controller (FC) offers organizations numerous advantages in navigating the complexities of financial management. By outsourcing this critical role, companies gain access to specialized expertise without the overhead costs associated with hiring full-time staff. An external financial controller brings fresh perspectives, industry insights, and best practices honed from diverse client experiences, enhancing financial governance, compliance, and strategic decision-making. Trust Sublimity Enterprises to elevate your financial operations, providing peace of mind and strategic foresight to drive your organization’s success.
What can our FCs do for your organization?
- Create policies and protocols for spend control, and make sure they are being enforced (spending limits, approval workflows, company cards, etc.)
- Debt management and collection
- Hold team leaders accountable - analyze actual spending against what was intended, spot errors, and identify ways to take back budgeting control
- Identify budget surpluses or “leaks”, monitor performance, and reallocate funds if needed
- Ensure compliance with legal, financial and tax regulation
- Prepare internal and external financial reporting and analysis
- Set up bank accounts and maintain the chart of accounts
Benefits of hiring an external FC
- Reduces unnecessary risks - controls your company’s performance and prevents you from doing something wrong with your money
- Ensures that ledgers accurately reflect money coming in and out of the company
- Have a neutral expert overseeing your financial operations, the honesty of your employees, and the financial and regulatory compliance of the company
- Real-time visibility - easily track spending across your company in real time. Stay in control and on budget
- Saves costs – not any organization needs and can afford a full-time financial controller
Take advantage of an external
CHIEF FINANCIAL
OFFICER
Tap into high-level financial expertise without the commitment of a full-time executive
Hiring an external Chief Financial Officer (CFO) or CFO Advisor brings a wealth of strategic benefits to organizations seeking to optimize their financial operations. Outsourcing this pivotal role allows companies to tap into high-level financial expertise without the commitment of a full-time executive. An external CFO from Sublimity Enterprises offers comprehensive financial leadership, guiding organizations through complex financial decisions, optimizing cash flow, and implementing effective financial strategies tailored to their specific needs. Trust in our seasoned professionals to provide strategic insights, streamline operations, and maximize profitability, enabling your organization to thrive in today’s competitive landscape.
What can our CFOs do for your organization?
- Provide guidance to the CEO, board of directors, and executive team on financial and operational issues
- Attest to all financial reporting
- Direct financial operations, typically overseeing the controller and finance directors
- Supervise treasury functions, including investment management, debt, and equity agreements
- Develop strategies for revenue expansion – budgeting, planning, forecasting
- Participate in discussions regarding corporate culture
- Implement change initiatives to improve efficiency and revenue generation
- Manage risk, including insurance, fraud prevention, and cybersecurity
- Oversee recruitment and training initiatives for the finance department
- Lead efforts to implement automation and other technological advancements
- Facilitate scenario-planning exercises
- Represent the company in external financial matters
Benefits of hiring an external CFO
- EXPERTISE: External CFOs bring a wealth of specialized financial expertise and experience, often gained from working with multiple clients across various industries
- COST-EFFECTIVENESS: Outsourcing the CFO role (for just a few hours a week or less) can be more cost-effective than hiring a full-time executive, as it eliminates the need for a high salary, benefits, and overhead costs
- FLEXIBILITY: External CFOs offer flexibility in terms of engagement duration and scope of work, allowing organizations to scale resources based on their needs
- OBJECTIVITY: External CFOs provide an objective perspective on financial matters, free from internal biases or conflicts of interest
- STRATEGIC INSIGHTS: External CFOs offer strategic insights and recommendations based on their extensive experience, helping organizations make informed decisions and achieve their financial goals
- EFFICIENCY: External CFOs can streamline financial processes, implement best practices, and leverage technology to improve efficiency and productivity within the finance department
- RISK AVOIDANCE: External CFOs help organizations identify and mitigate financial risks, ensuring compliance with regulations and safeguarding against potential threats
- FOCUS ON CORE ACTIVITIES: By outsourcing the CFO role, organizations can focus on their core activities and strategic initiatives, while leaving financial management to the experts
- ACCESS TO NETWORKS: External CFOs often have extensive networks of contacts, including financial institutions, investors, and other professionals, which can be beneficial for business development and growth
- CONTINUITY: In cases of interim leadership transitions or sudden departures, external CFOs can provide continuity and stability to the finance function, ensuring business operations remain uninterrupted
Schedule your initial FREE 20-minute consultation with one of our experts and see how we can transform your accounting!