Financial Management and Accounting

Our highly skilled, commended and award-winning qualified finance team provides a well established, robust and resilient service.

Our highly skilled, commended and award-winning qualified finance team currently provides a well-established, robust and resilient service to all CCGs in the North East and Cumbria. We operate in a structured manner, promoting openness through positive client engagement and working in partnership to achieve positive outcomes. We manage performance through robust internal control and strong financial management skills.

We use a scalable and flexible operating model which enables us to resource the needs and activities of our clients seamlessly. Through constant reviews and continuous service improvement, our teams are able to realise benefits for our clients. The team continues to develop new and more dynamic approaches and identify improved processes and working practices which we assess for suitability and implementation in each of the areas we operate in.

Our offer
Our offer is tailored to individual customer needs and includes:

Financial reporting – from monthly board reports to annual statutory reports, including liaising with external auditors to a range of ad hoc reports and input into the Annual Report.

Financial planning – delivery of short, medium and long term plans to establish the annual and longer term budgets of the organisation.

Invoice payment and creditor management services for goods ordered via approved processes, including managing VAT. Adherence to the Better Payment Practice Code.

Income and debtor management service to raise invoices promptly and instigate effective credit control procedures to ensure all outstanding monies are collected.

Cash and treasury management service including managing cash flows and adhering to month end cash balance targets.

Control accounting service including monthly reconciliations, payroll deduction payovers and completion of VAT returns.

Technical accounting including maintaining the integrity of the general ledger, managing system users, levels of access and managing the interface with feeder systems.

Training – we provide financial management advice and training to your budget managers, promoting value for money and efficiencies and risk reduction and provide positive input into clients’ own training packages.

How we’ve helped

Since April 2013, the Financial Management and Accounting Teams have delivered a continuous cycle of end-to-end financial services to client CCGs. They have developed financial plans for the years ahead and converted these into annual budgets. The team has prepared client CCGs’ Accounts on a monthly basis.

Working closely with both internal and external auditors, the Teams have produced a series of successful Annual Accounts at the end of each year. These have presented to clients’ Audit Committees to great appreciation and have provided financial input into their Annual Reports. The Teams have managed their clients’ working capital and cash positions and all these services have been consistently delivered to NHS England’s increasingly stringent timetables to unfailingly high quality levels and have met all targets set by NHS England.

“The service we received was seamless and of an incredibly high standard”
Mark Speer, Finance Manager, Sunderland CCG