Financial Management

Whether you’re aiming to improve cash flow management or forecast financial trends, success depends on having the right Plan, People, Processes, and Tools in place to ensure financial health and sustainability.

Road Map

Developing a road map to chart steps required to produce the desired system. This entails:

• Understanding and assessing the current State

• Defining the desired future state

• Designing a plan to bridge the gap

Budgeting and Forecasting

• Developing annual budgeting with regular forecasting updating

• Identifying actual vs budget and performing variance analysis.

Profitability Analysis

• Tracking profitability for each business segment, product line and company location, as applicable

• Analyzing gross margin that Includes direct and indirect labor, material, overhead absorption and cost of quality.

Cashflow Management

• Monitoring cash inflow and outflow

• Generating projection and acting promptly to maintain liquidity.

Financial Statements Reporting

• Developing custom templates to generate financial reports that include IS, BS and CF

• Automating the generation for these customized reporting.

• Establishing and producing reporting requirements for legal and tax compliance.

KPI & Financial Ratios Dashboard

• Selecting the key performance indicators and financial ratios that will most give proper insight on the organization health.

• Designing a dashboard for quick review and to track metrics selected.

Risk and Internal Controls

• Designing and implement internal control system to safeguard company assets and resources and to prevent errors and fraud

• Identifying all types of risk facing the company and its ability to service the customer.

• Developing risk mitigation and business continuation plan.

Integration With ERP/Accounting System

• Integrating financial, production and customer/order data for seamless flow, and regardless of the accounting software used.

•Implementing real-time data updating for accuracy and timely information

•Ensuring compatibility with supply HR, and customer service and other key functions.

Leverage the power of NXT’s approach to optimize financial management, control cash flow, and drive sustainable profitability

Click each section—People, Processes, and Tools—to see how NXT’s Approach strengthens your businesses financial management process at every stage.

People

Your financial team is crucial to maintaining the financial health of your business. NXT works with your finance leaders and teams to ensure they have the skills and insights needed to manage cash flow, control costs, and support your company’s long-term financial goals. By empowering your people with the right training and decision-making frameworks, we ensure your team is equipped to make informed financial decisions that drive profitability.

Process

Efficient financial processes are key to managing your business’s finances effectively. NXT helps you streamline processes such as budgeting, expense tracking, and financial reporting to ensure accuracy, transparency, and efficiency. By establishing clear workflows and regular financial reviews, we help you reduce errors, minimize waste, and maintain financial control while supporting long-term growth.

Tools

The right tools are essential for managing your business’s finances effectively. NXT assists in identifying and implementing the best financial management systems, including accounting software, cash flow management tools, and financial reporting platforms. These tools give you real-time insights into your business’s financial health, helping you make informed decisions that drive profitability and ensure financial stability.

Unlock Your Business's Full Potential

Your business has the potential to improve financial stability, optimize cash flow, and achieve long-term profitability with the right financial management approach.

Ready to unlock that potential?

Schedule a free consultation today, and let's create a customized financial management strategy that aligns your financial goals, people, processes, and tools. Fill out the form below, and we’ll help you put the right plan in place to ensure your financial success.

Why Choose Us?

Proven Expertise

With years of experience in business optimization, we’ve successfully worked with owners and their management teams to successfully transform businesses.

Tailored Solutions

We don’t believe in one-size-fits-all. Our solutions are customized to meet the unique challenges and goals of your business.

Measurable Results

We focus on metrics that matter, ensuring that every strategy we implement drives tangible results.