Financial Management & Compliance


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

The TIMBERLANDS's Commercial Team, incorporating one FCCA and three CA qualified accountants, has particular expertise in segregating and managing all commercial, financial, treasury and compliance requirements on behalf of TIMBERLANDS's clients. Our systems are scaleable and can be tailored to meet the requirements of the owners of any size forest. TIMBERLANDS can operate as an agent or principal for services.

Key Capabilities

Performance Reporting
Stem Log TransportTIMBERLANDS's objective is to provide owners 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 Phillips Fox, TIMBERLANDS carries in-house expertise. All customer and vendor relationships are contracted with particular focus on cost and service level agreement management.

Systems
TIMBERLANDS invested in new state-of-the-art server infrastructure in 2007 to cope with business expansion and DR strategies, deploying thin client services utilising a Citrix platform and remote server management. 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. The version used has been significantly modified to suit the business needs of TIMBERLANDS's clients. For larger clients, TIMBERLANDS maintains a unique instance of FIPS to ensure chain of custody and data integrity and this is supported by a matrix of control processes. TIMBERLANDS has installed Kypera to deliver all end reporting. This software is used by the NZ Audit Office and can be tailored to meet any particular reporting needs of TIMBERLANDS's client base. TIMBERLANDS's IT infrastructure is managed by Gen-i (a subsidiary of Telecom 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 merit of investment analysis.