Collate, Centralize, Manage - Why an investor (VC) should encourage portfolio compa
I met David and Angela in the summer of 2016 to speak about how to manage the numbers for their portfolio companies. Their investment management company held interests in several entities across the UK, Beijing and Singapore. Their issue – extreme difficulty in understanding financial performance of the group companies. With the companies maintaining their books of accounts in each individual jurisdiction to suit its audit and compliance requirements, there was no centralised