Regardless at what point in the business cycle you may need financing, it can prove to be a time consuming and stressful process that diverts the owner attention from managing the business. At Aktacs, we have experience in dealing with bankers, other financial institutions and lenders. As a result of our experience, we are able to manage and prepare the required deliverables necessary for your financing proposal for prospective lenders. This frees your time and resources to manage operations, compile a plan of action for the funds raised or other important objectives to sustain and grow your business.
Often times owner managers become consumed in their day-to-day operations, that reporting covenants for loans are over-looked. When securing financing from lenders there are often financial reporting covenants which vary in reporting form and frequency. We are experienced in composing the required assessment and commentary to satisfy such reporting requirements imposed by financial institutions or other lenders. Our review provides for better flow of information to lenders to facilitate informed decision making on their part regarding outstanding loans and allows for us to ensure that information provided is sufficient to comply with stipulated financial reporting covenants.
Budgeting is an essential tool for successful financial, operational and strategic management of a business. At Aktacs, we can assist to create a detailed budget for the next fiscal year to support management in monitoring and assessing sales targets, margins and expenses. The budgeting exercise proves to be a valuable tool for an owner manager in making informed decisions on what and the amount to be spent on business related expenditures; providing insight on profitability.