Finance, Accounting & Tax Capabilities

 

Magis defines Finance through five core capabilities:  Tax Planning & Treasury Management; Asset Performance Management; Organizational Risk Management, Controls and Regulatory Compliance; Accounting Transaction Processing and Financial Statement Reporting and guidance; and Organizational Capitalization and Financial Policies.  These five core capabilities encompass 30 focus areas that work together to maintain financial health and help companies achieve their strategic plan.

 
 
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Finance Advisory

Advisory services are project-based and solve a specific business problem within the five core Finance capabilities.  Projects are scoped out in detail and clients pay a fixed fee or an hourly rate based on time and materials.  A statement of work and project plan define the work and deliverables for the project.  A Magis consulting advisory project typically does the following:

●      Assesses the existing financial health of the organization / Finance function to identify areas of improvement and long-term value creation

●      Identify drivers of Value, Model Strategic Alternatives and Evaluate results 

●      Identifies leading, proven practice solutions that fit within the business/organization needs

●      Implements solutions that drive desired results

●      Provides training and adoption strategies to drive transformational change, industry leading growth or scale

●      Strategize opportunities for Organic and Inorganic growth through Mergers, Acquisitions and Divestitures of under-performing asset classes 

 

Finance Concierge

Magis’ Finance Concierge provides clients with outsourced ongoing Financial Strategies and Accounting operations services.  These services are sold as a monthly fee and pricing is generally based on the size of the organization and types of services needed.  Many of our target clients are initially unable to allocate funds a dedicated Finance/Accounting resource.  This is due to several factors including: people and technology costs; lack of sufficient financial transactional work to justify a Full-Time Equivalent (FTE) resource; and Finance/Accounting needs that span strategy and operations (generally two or more different people).  

Core capabilities for Magis’ Finance Concierge include Microsoft Dynamics 365, Azure, Quickbooks, Xero, Bench, Wave or other cloud-based accounting software technology.  The services provided are supported by this technology.  Therefore, each client will be asked to use a cloud-based solution that supports the services provided.  Magis will first suggest Quickbooks Online to the client and assist in implementation. 

Types of services provided by Magis Include:

●     General bookkeeping and accounting

●     Financial Statement Preparation and Analysis

●     Budget Preparation and Variance Analyses

●     Tax/entity strategy, tax planning and tax return preparation

●     Finance performance management and reporting

●     Benchmarking and Key Performance Indicators (KPIs)

●     Project and Asset Investment Funding analysis with Returns on Investments (ROI)