What success looks like with SMG
University of Suffolk Students’ Union
Challenge: Finance consultant unable to report due to backlogged ledgers; non-finance staff managing day-to-day.
Solution: Catch-up and ongoing support provided by SMG, including year-end prep and Xero restructure.
Outcome: Timely, accurate reporting restored. Day-to-day processes stabilised.
£30K saving per year is in comparison to historical cost, with FTE's before they outsourced to SMG.
£17k saving is in comparison to benchmarked organisations of the same sector.
*data from MDX actual results
Middlesex Students’ Union
Challenge: No regular management accounts for 5 years; bank balance at £9k.
Solution: Full finance process delivery including invoice processing and cashbook management.
Outcome: Bank balance increased to £227k in 9 months, regular management accounts reinstated.