Client Overview - A growing service-based business in the North-east was working hard, but profit margins stayed tight, and financial decisions were reactive. They had a basic bookkeeping system and checked their numbers only at year-end.
The Challenge - Despite increasing sales, cashflow was unpredictable, bills were missed, and there was no clear picture of profit until it was too late. The client admitted: “We were flying blind.”
Our Approach:
Scotia Financial Solutions stepped in with a fresh, strategic approach:
- Introduced live accounts and real-time cashflow forecasting
- Reviewed historic performance and implemented profit-first budgeting
- Created a custom dashboard to track key financial indicators weekly
- Held monthly financial review sessions – bringing in FD-level guidance without the full-time cost
The Results:
Within 9 months, net profit doubled
Cash reserves increased by 45%, reducing financial stress
The client secured a new contract confidently, backed by clear financial projections
Better insight allowed smarter hiring and pricing decisions
Client Feedback:
“Vik and the team completely changed how we run our business. I finally feel in control - and I actually understand my numbers. It’s like having a part-time FD who truly cares.”
Key Takeaway for Business Owners - Your accounts shouldn’t just be something you “file” - they should be something you use. With the right team and tools, your numbers can become your most powerful decision-making weapon.