RSM Australia
Biography

Andrew is Director of the Business Advisory in Canberra and a Chartered Accountant with over 20 years' experience advising businesses on taxation, growth and improvement strategies. He manages consulting assignments and is responsible for providing clients with high level financial advice and strategic initiatives across local and Commonwealth government departments and agencies, as well as small and large businesses in a range of sectors and major corporates.

Andrew works closely with clients to resolve complex issues in the following areas:

  • business planning and enterprise resource planning
  • corporate structures and corporate governance
  • cloud accounting
  • digital strategy
  • business and asset valuations
  • financial system review
  • cash flow management and financing

Andrew Sykes is a Partner of RSM Australia Partners and a Director of RSM Australia Pty Ltd.

Solutions Andrew provides

As well as assisting with technical matters, Andrew is able to analyse the financial performance of clients. This includes assessing the financial viability of a business and determining areas of improvement. Andrew has been involved in a number of corporate reconstructions and successful 'work outs' of companies in financial difficulty. Some of these 'work outs' have spanned a period of years and they have provided successful results to all stakeholders.

Professional associations

  • Member, Chartered Accountants Australia and New Zealand

Qualifications

  • Bachelor of Commerce in Accounting (University of Canberra)
News articles

RSM launches Ready4 with National Disability Services and the ACT Council of Social Services

12 November 2015
RSM has launched Ready4 alongside  National Disability Services (NDS) and the ACT Council of Social Services (ACTCOSS), creating a central point of contact for organisations transitioning over to the National Disability Insurance Scheme (NDIS) in the ACT. The Ready4 program was commissioned by the ACT Government. Ready4 offers business t...
Publications

The fine art of determining a customer's true worth

21 October 2016
How does a CLV determine a customer's true worth? Back in 1956, legendary old-school management consultant Peter Drucker declared that the purpose of any business was all about creating a customer. But six decades later, too many small business enterprises (SMEs) still misunderstand a customer's true worth - the true lifetime value of ...

9 ways to reduce costs

21 July 2016
Every business owner is aware of the importance of keeping costs low while continuing to offer customers the best service possible. Equally, that no matter how profitable your business is there is always a bit of fat that could be trimmed away to reveal a faster, leaner, more effective operating model. Rapid advances in technology are making ...

Are you market intelligent?

31 May 2016
The foundation of any successful business strategy is market intelligence. Being informed means you can make competent decisions about your business’s direction and have the foresight to predict and be prepared for the challenges ahead. Market intelligence means knowing the context of the economic environment you are operating in, understan...

Benefitting from the competition under the NDIS

13 April 2016
Competition is unavoidable when doing business within the post-NDIS environment, but this new pressure is not a bad thing, as it gives you the opportunity to improve. The fee-for-service funding model encourages organisations to better their services and transform themselves into the most attractive provider on the market. Competing with others wil...

Protecting your organisation from NDIS disruption

13 April 2016
Often, the biggest challenge when facing change is just figuring out what to do, and when it is the funding of an entire organisation at stake, your reaction can either make or break your future. The NDIS will be fundamentally transforming the way funding is provided to the sector. During this time of upheaval, a transition plan is critical in help...

The NDIS Risk Factor

13 April 2016
The National Disability Insurance Scheme (NDIS) makes for risky business, creating in one stroke a range of new traps and dangers which organisations must navigate. Depending on your organisation’s readiness, the risks can endanger functions in every part of the business. Some risks are apparent to every stakeholder, while others are hidden in es...

How to afford staying in business under the NDIS

13 April 2016
Income is critical in saving organisations from failure, and maintaining a positive balance sheet is one of the biggest concerns for disability service providers facing the National Disability Insurance Scheme (NDIS). The new fee-for-service funding model under the NDIS means that it has become more important than ever for organisations to have an ...

NDIS: Overcoming the Big 5 Obstacles

13 April 2016
Navigating the National Disability Insurance Scheme (NDIS) may seem like a challenge, but when everything is distilled down to basics, the major areas that need your attention are in fact few. Through our extensive experience in working with transitioning service providers in the ACT, RSM has identified five major obstacles to a successful transiti...

46 percent of SMEs planning to invest in the digital space

5 August 2015
Disruptive technologies and innovation are accelerating the need for change and are having a profound impact on many traditional business models and their revenue streams. To compete effectively, businesses must adapt and evolve quickly to respond to what is becoming the new 'norm'. Operationally this is being made easier by digital technologies...

Five steps a business should take in the digital age

1 July 2015
Ways of doing business are changing fast in the modern world, and failing to keep up could cost you dearly. There are five key steps a business should be taking in the digital age should they wish to retain their competitive edge and not be left behind. 1. Have a mobile-friendly website A mobile-friendly website is one that is designed to be ...

Six goals for increased business performance

9 March 2015
Increasing sales is great. In fact it’s the number one goal of most businesses, however it’s not enough alone to ensure a growing bottom line. What you need to also focus on is increasing gross profit percentage. Gross profit percentage is one of the key measures that business should use to assess financial performance. It shows you what per...

Digital disruption moving accounting software into the cloud

26 February 2015
In the simplest terms, cloud computing means storing and accessing data and programs over the Internet instead of your computer’s hard drive. The most common example in business today is internet banking – most businesses access their bank accounts through browser based software, with the data hosted in the cloud. A cloud based accounting pa...
Events

Business Information Systems EXPO - Canberra

Thursday, 23 June - 12:00 to 3.00pm
RSM Australia, in conjunction with Ready4 invites you to the Business Information Systems Expo to take place from 12pm to 3pm on 23 June 2016 at the Hellenic Club of Canberra in Woden ACT.   The Business Information Systems Expo is a unique opportunity for you to consult directly with ICT providers offering solutions to disability services o...