Every business needs to ensure that it has proper measures in place so that it meets not only its obligations to its stakeholders but also that it supports the business units to ensure they can deliver on their obligations. The following are under the remit of the Chief Financial Officer:
The Finance function in Killarney would be responsible for the processing of all data and the production of all reports to the relevant stakeholders on a weekly, monthly and annual basis. The team operates and adheres to strict policies, procedures and authority levels to ensure all reports are produced with the highest integrity.
All key financial and management internal and external reports are produced by the experienced team in Finance. They will not only assist the GMs in both interpreting the reports and offering guidance to address any variances but will also ensure that all reports are produced to the highest standards and in a timely manner to ensure correct decisions can be made appropriately.
Human Resource (HR)
The right people with the right skills are vital to any business and hence the HR team ensure that not only are all statutory obligations met but also that all staff are trained and developed to the highest level according to their position. We have a formal performance development programme in place and this would be rolled out to all staff in the new property and monitored from Killarney.
Information Technology (IT)
IT is crucial to ensure that the correct financial and management information is captured and acted upon as well as capturing as much information about our customers as possible. From our understanding the existing systems in place at the new property can be easily interfaced with the Gleneagle Group’s existing systems and we would see no issues in this area. We also have dedicated in-house IT support.
All payroll is processed in Killarney and we believe it would be straightforward to integrate the new property into the existing systems as well as implementing robust controls and policies. There is clear alignment to operations and cashflow.
As there is cash in this business, we have very strict tried and tested measures in place to ensure all inflows and outflows are correctly accounted for. A dedicated resource in Finance produces the relevant weekly cashflow reports for review and circulation.