Financial Management Policy

Overview

Bureau Works focuses on transparency, automation, and cross-system checks in order to secure proper financial management.

Our source of truth is our financial management software that integrates with BWX and Financial Institutions in order to ensure information accuracy and governance.

Payables:

80% of our payables are added to our financial management software as an automated process. Payments are processed and reconciled automatically which minimizes human error. P&Ls and Balance sheets are reviewed monthly in order to ensure governance.

80% of our payables are processed through automated payment gateways.

Receivables:

100% of our receivables are added automatically to our financial management software. Payments are reconciled manually in a software-guided process that ensures that any discrepancies in payments are flagged and handled accordingly.

BWX generates receivables based on delivered projects on a per-project, weekly or monthly basis.

These receivables are created automatically in our accounting software and our Back Office ensures compliance with local tax regulations and client needs.

Culture and Demeanor:

Working on our financial side requires an understanding that all information is sensitive under many different optics: accuracy, privacy, and other aspects.

Working with our numbers requires attention to detail and awareness of what the responsibility entails.