Training

The investment you’ve made in professional software is one of the most important—and our training services can help you maximize the return on your investment.

Inmatrix Education provides both fundamental and advanced courses, in product training and implementation, so you and your staff can get the level of information you need.

Anyone who uses Inmatrix’s software can benefit from training. We offer training and education that will help:

• New users
• Experienced users
• Seasonal and part-time staff

Training involves a facilitator led session, with online, phone and email support systems offered for subsequent, ongoing advice and assistance. We also offer Web based and self paced learning alternatives. (see Learning Options).

Fundamentals:

Course 1- “Understanding Optimist and its usefulness in your Practice”

This introductory course is a must for all new Optimist users. All users have access to a PC and are required to have at least basic working knowledge of Microsoft Windows applications.

Offering fundamental learning outcomes, this full day course provides all attendees with a thorough working knowledge of Optimist and KPI.

Financial and ratio analysis is covered briefly as a framework for the more intensive workshop to follow. Case studies are used to illustrate concepts and practical application of theory.

More course details:

•  Financial Analysis theory
•  Understand key performance measures critical to business success.
•  Understand the financial inputs into the business.
•  Understand and compare profit and loss management versus balance sheet management.
•  Loading data onto Optimist.
•  Improved understanding of cash flow and return.
•  Identify appropriate financial covenants.
•  Building KPI and benchmark data for your clients.
•  Delivering useful reports that your clients will read and understand.
•  Understand the output generated by the business.
•  The productivity of capital - ROCE.
•  The cost of capital.
•  Sensitivity analysis.
•  Comprehensive case study
•  Testing the drivers of the ROCE.
•  Reconciling Profit to Cash Flow.
•  Preparing a Financial Health Assessment report.

*Any attendees not having basic computer skills should not enroll directly into this course. Please contact us for more information on a tailored course, designed to run at your pace, to ensure you get the most out of this training program.

Advanced:

Course 2- “How to Implement Optimist in your Practice and deliver higher quality value added services”

This course is designed as a follow on from Course 1 "Understanding Optimist, and its usefulness in your Practice", and assumes that all participants have a thorough understanding of the workings of Optimist.

Whilst Optimist's basic features and functions will be reviewed, the majority of this full day session is designed to teach the professional accountant effective revenue generating techniques including; how to approach a strategic planning exercise, effectively analyzing financial statements, and locking clients into a regular performance review process.

Those to benefit most from this course are current Optimist users looking for innovative sales and marketing techniques proven to help grow practices and improve client satisfaction and retention.

Inmatrix Education's qualified trainers all have extensive experience both within successful accounting practices, and as independent business consultants and coaches.

Further Course Details:

1. Introduction to the Optimist Consultation Service
2. Review of Optimist

•  Features
•  Functions
•  Benefits

3. Development of an Optimist consultation process

•  The ideal first consultation
•  Administrative forms and processes
•  Optimist implementation checklists

4. Using Optimist in an Accounting Firm

•  Staff training & development
•  The compliance vs. value add concept
•  Using Optimist as a taxation planning tool

5. How to identify Optimist clients

•  The ideal Optimist client
•  Managing client expectations
•  Developing ongoing Optimist consultations

6. How to explain Optimist outcomes to clients

•  Understanding financial covenants
•  Explaining ratios in terms the client can understand
•  Communication techniques

7. How to sell and market Optimist

•  What clients really like about Optimist
•  Developing Optimist Seminars
•  Optimist marketing resources

8. Using Optimist in the Banking sector

•  Understanding lending covenants
•  Preparing loan submissions using Optimist
•  Developing a partnership model with Banks