5 Ways Your Accountant Can Really Grow Your Business

When people think of an accountant, the generalisations aren’t flattering at all. Many people view accountants as solely number crunchers and button pushers, void of emotion and a bit old in the tooth. At Nordens, we can’t stress enough that this is purely a stereotype which is outdated. Yes, we process financial information and provide quality services off the back of them, but we’re so much more than that.

Accountants offer a custom and tailored service like no other, helping you to evolve your business from a promising start-up to a fully-fledged industry leader. Need to embrace technology more in your business? Accountants do it. Require help becoming more sustainable and eco-friendlier? Accountants do it. Thinking of a radical overhaul of your systems and processes? You get the picture.

We explain 5 ways that an accountant, like ourselves, can help to grow your business and achieve success…

Strategising Your Business

An accountant can provide invaluable insights and analysis into your business, incomparable to any other professional or consultant. We can help you identify gaps in your business, possibilities for new revenue streams, or even expand into a whole different market altogether.

Strategic advisory is fast becoming one of the key aspects of accountancy that is likely to broaden as the years go by. This is particularly so due to new accounting and cloud technology becoming readily available to the average Joe. Fortunately, our Strategic department has been well-established for years, has helped thousands of businesses to grow and thrive, and is also headed up by a guy called Joe (although he’s far from average).

Our experts will provide you with the technique and expertise to develop your strategic plans. They will provide guidance, teach you valuable skills, whilst doing our very best to ensure your business achieves its goals.

Risk Management

All decisions or directions in business feature some level or risk, there’s no getting away from that. Obviously though, some decisions are riskier than others and often the analysis behind this can be inaccessible. We’ll identify the risk factors in your business, helping to safeguard and consolidate your business into a well-oiled machine firing on all cylinders.

By mitigating potential financial risks, it enables you to focus on growing your business and doing the things you want to do in life. It will also allow you to make key decisions backed up by trusted and quality analysis, providing the solid, trusted backbone to advance your business to where you want it to be.

Grasp Technology With Guidance

Many businesses nowadays are aware of the influx of new technology, software and apps, finding ways to integrate these methods to not just benefit their company but also their clients. This not only increases the internal efficiency for clients, but it also means those mundane admin tasks become obsolete.

From cloud accounting to organisation management, our dedicated Digital Transformation department work with you to determine what you want from technology. You may want to alter your systems and processes, your customer experience, or even your company culture. Whatever it is, our experts will make the transition a smooth, plain-sailing experience complete with education, training and resources to help you and your staff grasp the changes with open hands.

A business-wide overhaul isn’t always as straightforward to implement on your own, so it’s best to outsource this process to a professional team like ours. We can create a customised digital transformation plan for your company by examining every aspect of your organisation and analysing the phases that will be experienced along the process.

Merge, Acquire, Or Sell, We’re Your Guys

An accountant is generally the first go to person supporting business owners with their merger, acquisition, or exit strategy. Whether you’re looking to combine businesses, buy another business, or even wanting to let go of your current business, our expertise are crucial in all of these scenarios.

We’ll meticulously go through all your financial data, develop a strategy, and call upon our long list of industry professionals to help make your wish a reality. If you need a cash injection to get things over the line also, our Corporate Finance division have access to hundreds of recognised lenders and banks, helping you to source the right funding suited to your preferences.

Improving Culture & Progressiveness Through An Accountant

At Nordens, we’re big on improving progressiveness in business, whether that be through diversity and inclusion, environmentally, or even for the benefits of employees. We’ll help discover what more can be done to improve the wellbeing of you and your staff through government incentives and benefit schemes

We’ll also help you to be as sustainable as possible through our green strategic offering, scrutinising all areas of your business and aligning people, profit and planet simultaneously. Whether you want to introduce the Electric Vehicle Salary Sacrifice Scheme or The Cycle To Work Scheme to your staff, we’ll do the leg work. Our knowledge and resources help businesses implement processes which create a forward-thinking and modern approach to the workforce. This is definitely one of the most understated and overlooked aspects of accountancy.

We hope this has outlined to you some of the ways that accountants can help to grow your business. If you’d like to know any further information on anything mentioned, or anything accounting related for that matter, please do not hesitate to get in contact with us at Nordens, where one of our trusted advisors would be happy talking you through your query.