Speakers: Dax Mehta, Finance Director, Private Healthcare Provider
What challenges were you facing in your role as FD?
Dax Mehta: I was brought in on the request of the bank who were, not really getting the information they needed in order to get a good understanding of the business. And I was brought in at a time where there was quite a complex restructuring going on as well as quite an aggressive growth strategy which required some significant bank support. So I was brought in because really, the numbers didn't make a lot of sense. The business owners believed a certain thing, but the numbers didn't reflect what they thought was their reality, and they couldn't convey their ambitions to the bank. So quite a series of challenges. And I was asked to kind of bring that
At what stage did you introduce YRH Finance Team?
Dax Mehta: So, interestingly, the finance manager who left was a full time employee. So the initial reaction from the owners was, well, we just need another full time employee. Whereas I took a different approach and I thought, actually, I don't think this is a full time job. I think we need someone very good, but they can probably do it in less than five days. Which is why I was confident in recommending the YRH solution to the owners. Uh, and it's born out. Absolutely. So Esther's come in, I think on about three days a week, sometimes four, effectively is about 10 times better than her predecessor and does it in probably two thirds of the time and therefore is a much more cost effective solution. So it's absolutely been a win-win all round.
Describe the difference bringing in YRH made
Dax Mehta: So you know, I needed someone to come in and really bring in some best practises. Um, and the procedures that were in place were very inefficient, were very cumbersome, and again I needed someone to kind of roll their sleeves up to look at how they did things. Um, so the difference has been has been immeasurable.
