START UPDELIVERY ORG BENEFITS.pptVIP

Financial Management Concepts Financial Management roles 1. Project Set-up (payment terms in contract) 2. Monitoring Performance 3. Invoicing and Collections 4. Close out Invoicing and Collections Initial set up Put system in place internally, agree process with client Monthly Review project work in progress (WIP) Prepare analysis resources used and invoice Mail out invoice Follow up on unpaid invoices Close Out All known time and expense invoiced All invoices paid Profitability is not an accident! Levers of profitability Prevent scope creep Keep your team working efficiently Communicate up