Finance

MY Associates helps businesses improve their core accounting and financial processes to ensure optimal efficiencies and tangible cost savings. From financial forecasting to reporting, MY Associates helps our clients improve cash flow, streamline processes, optimize their cost base, effectively manage working capital, and maintain a high level of performance.

Our financial services include:

  • reconciling bank statements and preparing monthly reports;
  • preparing financials for year-end accountant review;
  • managing invoices, receivables and payables;
  • monitoring cash flow and provide regular reporting;
  • maintaining relationships with banks and other vendors.

Recent successes in finance:

  • Reduced outstanding receivables from a lag of three to six months for payment, to prompt payment within 30-45 days, by creating new procedures for regular invoicing and collections.
  • Improved cash flow and freed up capital by developing a lease option agreement for upgrade of both computer equipment and services, permitting payment over the lease period versus making a one-time expenditure.
  • Realized a 32% monthly savings by performing critical evaluation of phone expenditures.

Read more about our successes in different service areas.