RFS is a best-in-class financial provider for Musgrave retail clients that possess the skills to deal with all your business needs:
Our outsourced accounting service for retail clients takes care of all internal accounting needs, covering functions such as Book-Keeping, Accounts Payable, Management Accounts, Weekly KPI Reports, Cashflow Management and Payroll. The following are the main functions that are included in our outsourcing service:
Our consultancy and mentoring department work in tandem with the internal retail finance function in stores to extract management accounts and departmental results and conduct detailed analysis to assess the areas that the retail store can improve on to maximise performance of the business.
Monthly management meetings are then chaired by RFS looking at all aspects of the retail business. Targets are set based on the initial review of the financial information and based on insights from the RFS team and are monitored and measured monthly with the store management team. Some of the key elements of the services are as follows:
RFS prides itself on innovation and value-added activities for our clients and this has been the driving force in developing the EzFlo technology for retailers in the Musgrave network.
EzFlo is a one complete solution for automated accounting and automated reporting of financial and operational information in a way that gives the retailer and their staff the information they require to manage their business every day.
Automation of the book-keeping and reporting function frees up valuable time from processing information and generating reports on spreadsheets to allow for value added activities to be executed that will add to the overall profit maximisation in the retail store.
RFS provide a management accounts service for clients who wish to retain their own book-keeping department internally. RFS onboard the existing client’s staff on to our EzFlo technology to enable the client to achieve all the benefits of the automation that RFS has achieved for Musgrave retail stores through its EzFlo technology package and free up time to allow the internal book-keeping team execute profit maximisation tasks highlighted from RFS review of the client financials.
RFS will then prepare and implement the following in all clients under this service.
RFS prides itself on being a complete solution for all retailer clients accounting and finance needs and other services we provide are as follows: