JSC SavvY participated in the ENTAFI program initiated by the European Investment Bank (EIB) in 2019 with the objective to promote responsible financial inclusion of lower income populations in Georgia, Moldova and Ukraine and to support economic growth, reduce poverty and encourage entrepreneurship across the region.The programme was implemented by AFC – Agriculture and Finance Consultants along three components: 1) training for financial institutions with a focus on credit risk management as well as on banking and administrative risk management; 2) capacity building for selected financial institutions; and 3) support to micro- and small enterprises (MSEs) with a focus on financial literacy, managerial capacity, and entrepreneurial skills.As part of this program, the SavvY team developed a handbook: “Grow Your Business: From Idea to Financing”. The aim of the guidebook is to support small entrepreneurs working in the wine and agritourism sector to achieve their goals and expand their business. Issues are discussed that will help the entrepreneur to develop own business from the idea and improve access to finance. To this end, the guidebook covers business plan development, business strategy development, preparation of financial statements for financial decision, and access to finance chapters.In addition, the SavvY team conducted trainings on the above issues for the representatives of small wineries in western Georgia; developed a training manual for trainers and retrained trainers so that they could lead the course in the future.

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Agriculture and Finance Consultants (AFC)

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Our goal is to facilitate changes in the business ecosystem for both individual companies and entire industries. As a result, SavvY portrays itself as a change facilitator. To support our moto, "We Are Here to Change," our team leads meaningful projects for the development of the business ecosystem.&nbsp;A business ecosystem brings together companies&nbsp;to develop and share collective value for a common set&nbsp;of customers. In essence, the business ecosystem is a network of interconnected organizations that engage with one another dynamically through competition and cooperation in order to grow sales and survive. Suppliers, distributors, consumers, government, processes, products, and rivals are all part of an ecosystem. The point of this definition is that business ecosystems exist to collectively create more value than individual members can&nbsp;create given time, capital, brand approval, market access, and other real-world constraints. It is a group of organizations with complementary and synergistic relationships that form strategic alliances to provide value to end users.The dynamic nature of the business ecosystem necessitates the introduction of changes in order to improve the efficiency of the organizations involved. Furthermore, ecosystem development may include government and international organization-supported programs and&nbsp;policies. Our team promotes reforms to increase the ecosystem's competitiveness and produce greater value for the enterprises engaged, thereby supporting overall economic development.&nbsp;We assist international organizations, agencies and many more in making significant changes; we establish connections with various business ecosystems; we promote innovative products and processes that increase companies' transparency, accountability, access to information, and access to finance. We support policy implementation or the introduction of new opportunities driven by the international organizations by working with private sector closely and supporting them with capacity building initiatives to raise their awareness and competencies.&nbsp;SavvY continually collaborates with policymakers and public entities to raise industry knowledge, establish new strategies and action plans for sustainable growth, and apply international best practices by adapting them to the realities of individual countries.We dedicate our work to enhance the business ecosystem with:<ul style="list-style-type:disc;"><li style="text-align:justify;">Increased access to finance capabilities</li><li style="text-align:justify;">Increased business support programs and projects</li><li style="text-align:justify;">Increased innovative solutions for business ecosystem actors</li><li style="text-align:justify;">Increased access to linkages and development opportunities</li><li style="text-align:justify;">Increased cooperation among business ecosystem actors</li><li style="text-align:justify;">Increased effectiveness and efficiency of the management processes to support robust growth</li><li style="text-align:justify;">Enhanced government strategies, services or programs with international experience</li></ul>

When you need us

Ecosystem Development

A well-designed strategy is essential for the success of any business. Therefore SavvY offers you support in developing a strategy that best suits your company's business cycle.If a company faces challenges in model transformation, it may need to reevaluate its strategy. Or If it is experiencing growth and aims to increase its market share, it may need to develop a new plan to achieve objectives efficiently. On the other hand, starting a new business may need to create a comprehensive strategy to ensure its success. Lastly, a company may need support in developing a strategy to maintain and sustain present positions.Our team works closely with our clients to understand their unique needs and challenges. We use our expertise and knowledge to develop customized strategies that address these challenges and help our clients achieve their goals. Our service covers all aspects of strategy development, from market analysis and competitive intelligence to strategic planning and implementation.For a successful collaboration, SavvY tailors business vision with long-term goals, business values, business model - explaining how to implement a strategy with efficient resource allocation, operational targets including short-term measurable objectives, and a one-year action plan covering tasks and responsible roles.

Strategy Development

The business plan service assists to explore and justify market potential, assess project profitability, validate an existing business model, gain access to finances, or find a reliable business partner. It is regarded as an essential document that can be used communicate new business model or expansion strategy with the&nbsp;investor, financial institution, or other interested parties to&nbsp;demonstrate commitment to establishing or expanding the business.Our business plan, which includes a financial model, is suitable to create the best possible tool for funding opportunities for various investment applications (loan, grant, equity). SavvY is flexible to fit varied modeling approaches: using the client's expertise or starting from scratch with industrial assumptions and competitors' analysis.&nbsp;A robust business plan helps investors, entrepreneurs, and executives effectively present their new business model or expansion strategy to secure support from institutional or individual investors. It serves as a persuasive tool to highlight the efficiency and viability of the proposed business model, leading to successful efforts in attracting investment.In overall, you might benefit from the business plan if you want to:<ul><li style="text-align:justify;">Analyze the demand and supply for the product or the service you offer</li><li style="text-align:justify;">Understand the competition in the industry and assess the feasibility of the business concept</li><li style="text-align:justify;">Describe a company’s business model</li><li style="text-align:justify;">Develop a justifiable financial model, make projections on revenues and expenses and assess the investment attractiveness</li><li style="text-align:justify;">Coordinate investors and stakeholders</li></ul><img src="/uploads/Business_Plan_e54954c5db.PNG" alt="Business Plan.PNG">

We develop a comprehensive market research to justify the business model and identify all relevant assumptions for financial modelling, including demand and supply analysis, preparation of the customer and competitors’ profiles, value chain analysis. Market research is supported by both up-to-date secondary sources and data, as well as expertise in the field and first-hand interviews or studies.&nbsp;We create a well-designed, automated analytical spreadsheet. By maintaining a high client engagement, we tailor the main assumptions depending on the pattern of the business concept to structure the financial model. The spreadsheet contains scenarios and sensitivity analysis considering clients’ needs. SavvY is flexible to fit varied modeling approaches: using the client's expertise or starting from scratch with industrial assumptions and competitors' analysis. Through this financial tool, we offer a continuous value that can be successfully utilized even after the project period.The structure of our proposed business plan includes justification of market potential, business model development, reflection of the access to finance opportunities and financial model preparation.&nbsp;<img src="/uploads/Busienss_plan_4539d87595.png" alt="Busienss plan.png">&nbsp;

What we offer

Business Plan

Financial reporting service typically refers to the process of preparing and presenting financial information to stakeholders, such as investors, creditors, regulatory authorities, and internal management and play a crucial role in providing accurate and timely financial information that enables decision-making and facilitates transparency and accountability.&nbsp;Financial reporting service involve the preparation of financial statements, including the balance sheet, income statement, statement of cash flows, statement of changes in equity, additional notes. The service involves collecting financial data from various sources within an organization, such as accounting systems, ledgers, and other financial records and then analyze and organize the data to create meaningful financial reports.&nbsp;Financial reporting services may include analyzing financial statements to extract insights and assess an organization's financial performance, profitability, liquidity, and solvency. This analysis often involves ratio calculations, trend analysis, and benchmarking against industry peers.Entities that require accurate and timely financial information for decision-making purposes and compliance with regulatory requirements and compliance with relevant accounting standards might benefit from Financial reporting service.In overall, financial reporting service will be beneficial if you need to be supported in preparing financial reports and analysis for internal (such as budgeting, forecasting, and performance evaluation) or external use, as well as maintain transparency, make informed decisions, meet regulatory obligations, and communicate the financial performance effectively to stakeholders.<img src="/uploads/website_13_2c13119d7c.png" alt="Financial reporting.png">

Financial reporting specialist represents the Floating CFO of the company, that is a part -time independent CFO engaged in financial management of financial reporting as well as operational level financial recommendations. This service is very effective for the C level executives and shareholders, who own a standalone or a group or companies and want to periodically receive independent and non-partial advice regarding the financial performance, stability and direction of the company.&nbsp;The aim of the service is to improve and standardize financial control, management, accounting, and reporting systems.This service typically offers support in the range of directions to assist you with the financial reporting needs. While the specific offerings may vary based on your clients’ needs, here are some common directions that financial reporting services might offer:<h2 style="text-align:justify;">Financial Reporting</h2><ul style="list-style-type:disc;"><li style="text-align:justify;">Prepare monthly financial reporting package for all active projects&nbsp;of company via checking the completeness of the financial information in the financial software and Revenue Services</li><li style="text-align:justify;">Communicate financial progress of the investment project to the management</li><li style="text-align:justify;">Monthly reporting on the financial performance for the company and across projects including:&nbsp;</li></ul>• Forecast vs actual analysis• Impact on ROE&nbsp;• Major financial achievements&nbsp;• Drawbacks<h2 style="text-align:justify;">Cash Flow Management</h2><ul style="list-style-type:disc;"><li style="text-align:justify;">Preparation of monthly cash flows from the bank statements across all investment projects and management company</li><li style="text-align:justify;">Preparation of quarterly operating and capital expenditures budget for the company&nbsp;</li><li style="text-align:justify;">Comparison of the actual cash flows to the operating and capital expenditures budget with the relevant comments on deviations (Budget vs actual)</li><li style="text-align:justify;">Prepare quarterly/on demand equity disbursement schedule for each portfolio investment company</li></ul><h2 style="text-align:justify;">Financial Reporting Policy Development</h2><ul style="list-style-type:disc;"><li style="text-align:justify;">Create uniform accounting and financial reporting policy for the company</li><li style="text-align:justify;">Communicate with the accountants to support the company with the solutions to maintain IFRS compliance financial reporting</li><li style="text-align:justify;">Communicate with relevant Regulatory Authorities</li></ul>

Financial Literacy TA