Outsourced administration
Concentrate on your Core Business
At Edge, we believe that our customers are some of the best builders in the world.
But so often, our customers are frustrated and have their attention diverted from constructing to managing payroll or accounts payable or reconciling bank accounts.
So why not let an expert take on those parts of your business and let you get back to doing what you do best!
Resourcing and Training Staff
Do you have staff that you are completely dependent on to manage your back of house?
What happens if they leave your business unexpectedly (or even expectedly)?
Can they even take leave?!
An average oncosted accounts operator is priced at around $70k per annum; and that's when you get it right!
HRM Online (Australian HR Institute) believes that a bad hire of an accounts operator can cost at LEAST 2.5 times the employee’s salary.
Improving Processes
One of the more curious side effects of in house financial administration, is the subversion of good process.
Because the staff involved are "friendly" there is a propensity to perform tasks out of process as "favours". (Think payments direct from bank accounts to cater for certain employees or payments directly to suppliers "to get things going on site".) All of these out of process tasks create risk in your business; they disconnect the ERP system from the bank account or bypass an approval process or simply encourage your project administration staff into poor preparation and processes.
Outsourcing these process ensures that the rigour and control your business needs is adhered to.
Doing it Right
ERP software is complicated.
Do you even know that yours is being managed well?
At Edge, we've been told about a number of disturbing situations; suppliers being paid multiple times due to poor understanding of the ERP's payment process; employees having their leave accrual balances doubled inadvertently and being paid out on ceasing employment for years; inability to reconcile bank accounts and so having to simply write off balances; lost retention monies due to poor handling and processing.
All of these problems were due to a poor understanding of the way the software works.