Financial Management & Compliance

“Its All About Dollars & Sense - The Buck Stops Here"

The TIMBERLANDS' Commercial Team, comprising of one FCCA, two CA qualified accountants, one provisional CA, one ACA and one accounting technician, has particular expertise in managing all commercial, financial, treasury and compliance requirements on behalf of the forest owner.

Performance Reporting

Stem Log TransportTIMBERLANDS's objective is to provide the forest owner with concise and targeted management reporting outputs designed to optimise operational management decisions. Considerable effort is spent ensuring that data integrity is upheld, supported by tight process controls to ensure correct matching, in order to deliver succinct meaningful reports. Re-forecasting and “what if” scenario reports are standard within the capability set

Financial Accounting and Compliance

TIMBERLANDS can provide limited taxation and statutory reporting services to IRD and international audit standard. Work standards and reporting processes, built on GAAP principles consistent with IFRS reporting standards, enable the provision of least-cost audit and compliance costs. TIMBERLANDS conducts an annual internal audit review process and has a strong working relationship with PricewaterhouseCoopers.

Treasury

TIMBERLANDS provides treasury management designed to optimise working capital and ROI for clients. Full service cash and working capital management is optimised via close scrutiny of domestic and export receivables management and payables credit terms. Surplus funds are invested with particular focus on audit trail and delegated authorities for EFT authorisation. TIMBERLANDS has vast experience in managing export sales, vessel margin analyses and controls over inventories.

Legal Support

In addition to having a strong working relationship with DLA Piper, TIMBERLANDS carries in-house expertise. All customer and vendor relationships are contracted with particular focus on cost and service level agreement management.

Systems

TIMBERLANDS continually reinvests in new state-of-the-art server infrastructure to cope with business expansion and DR strategies, deploying thin client services utilising a Citrix XenApp platform. TIMBERLANDS uses a log stock and log movement docketing system called FIPS (widely used in the NZ environment), which is designed and supported by Integral Limited in Rotorua. TIMBERLANDS has installed Kypera to deliver all end-user reporting. This software is used by the NZ Audit Office and can be tailored to meet any particular reporting needs of the forest owner. TIMBERLANDS's IT infrastructure is managed by eGSolutions and Spark Digital (a subsidiary of Spark NZ).

Economic Rationale

The TIMBERLANDS's Commercial Team has the capability to develop and perform complex modelling on behalf of its clients, with a prime focus being the economic merits of investment analysis.

Back to Top