62% finance cost savings for an Australian digital out of home company
A DOOH operator running 50+ billboards cut finance operating cost from $95,000 to $36,000 a year while fixing late supplier payments and slow invoicing.
- Client
- Digital out of home advertising business
- Founded
- 2017
- Annual turnover
- AUD $6 Million
- Finance cost reduction
- 62%
Our client
A leading digital out of home advertising company operating over 50 billboards across the eastern seaboard of Australia.
Entry level finance was handled by one in-house accounts officer at $80,000 plus on costs, roughly $95,000 a year.
The challenges before Business Avengers
- Inadequate financial information: reports were inaccurate, untimely and incomplete.
- Delayed supplier payments that strained business relationships.
- Revenue collection inefficiencies caused by late invoicing.
- Representation partners receiving delayed display reports.
- Working capital pressure created by inefficient processes.
- No financial visibility for management to make data driven decisions.
The solution
We started with a full assessment of existing processes, systems, policies and stakeholder requirements.
Over 60 days we worked alongside the CFO and the wider business and took over the entire transactional workload.
- Accounts payable and receivable
- Billing and payroll processing
- Bank, debit and credit card reconciliations
- Representation partner reporting
- Month end journal posting
- Preparation of P&L and balance sheet
The result
The client cut finance operating costs from AUD $95,000 to AUD $36,000 per year, a 62% reduction and a saving of $59,000 annually.
Today one full time resource is dedicated to their finance function. Suppliers are paid on time, invoicing is faster, and reporting is accurate enough to plan against.
Frequently asked questions
Why did the client choose to outsource finance operations?
They faced inefficiencies, late supplier payments, delayed invoicing and inaccurate reporting. Outsourcing cut costs by 62% and gave them faster, more accurate financial insight.
How does Business Avengers ensure a smooth transition?
A structured 60 day onboarding process, run with your CFO and leadership team, starting with a full assessment of your existing finance operations.