Transitioning into the Role of Managing Director
Concut Pty Ltd is a well-established concrete, sawing and drilling business. With over 48 years’ service to the Building and Construction Industry, Concut Pty Ltd are market leaders in the field.
Managing Director, Gary Milton has been using Advivo Accountants and Advisors for finance management and corporate advisory since their inception in July 2014. Gary met Dale Edwards when he held shares in Concut and managed the Queensland Office. Dale was employed as his main accountant, handling his personal affairs and family trust. It was not until Gary purchased all the shares in Concut and became Managing Director that Advivo became more than just his accountant, they became Gary’s trusted business advisor.
Gary explained that “…while I held shares in Concut Pty Ltd, I never managed the finance side of the business. When I took over as Managing Director, Advivo guided me through the process and taught me basic accounting techniques.”
Advivo is recognised by clients as “a little bit different” as they focus on making clients and their business’s more successful through regular monitoring and review of financial results at quarterly meetings. In Gary’s experience, this is the best thing about Advivo as “…I can call at any time with a basic accounting question and Advivo always makes time for me.”
As their account manager, Dale meets with Gary quarterly to go over the company and its financial standing. These meetings generally run for about three hours, which is unheard of in your average accounting firms. During these meetings, Dale provides advice and guidance, and ensures that the financial side of the business is running as it should. Gary appreciates the level of depth that Dale goes into in the quarterly meetings. As Gary says, “Dale is a very patient man. As I don’t understand many accounting concepts, Dale speaks slowly and in laymen’s terms. I never feel rushed.”
Monitoring and Providing Advice
A key point of difference for Advivo is the fact that they continuously monitor clients progress. Dale begins every meeting by reviewing the accounts and examining KPIs. He will then proceed to analyse the business’s cash flow and debtor control. Gary explains that this a very important part of the process as “…Dale will identify keys issues with my cash flow before they even occur, and give insight into future problems and ways of tackling them.”
Advivo uses the Business Pulse Report to track and monitor a business’s progress. Gary finds this method of reporting very useful as it “…provides a real-time, a holistic view of the business and a comprehensive way of examining financials.” This has helped Gary in learning about better managing the financial side of Concut Pty Ltd.
Advivo has helped Gary to transition into the role of Managing Director with ease. “Advivo has helped me manage the finance side of my business so I can focus on other aspects of the business. With Advivo’s assistance, my books are tidy and controlled and it is comforting knowing that I have the full support of the entire Advivo office.
The fact that I have been with Advivo from the very beginning demonstrates how satisfied I am with the service. Their entire team is professional, helpful and most importantly, always have time for me.”
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