outsourced finance director
Many businesses would like the opportunity to have an experienced financial director on their team, but do not require a full time person, nor can they afford to employ one.
We offer an ‘outsourced finance director’ service that provides the expertise and experience you would expect from a finance director, but in a package tailored to fit the time requirements and budget of your business.
This frees up your time and allows the business to concentrate its resources on the things it does best and our involvement brings added value to the management team.
We work in partnership with you, to understand your business and are available at all times to help you make those key decisions, as well as holding regular meetings and reviewing key management reports, that we can help produce if there is no expertise in house.
Our advice covers such diverse areas as:
- Business and ownership structure
- Strategic planning and system controls
- Tax planning
- Setting up and managing PAYE and VAT schemes
- Bookkeeping and management accounts preparation
- Choice of computerised accounting software
- Budgeting and cash flow planning
- Production of management accounts and KPIs. (Key Production Indicators)
- Staffing issues, both in HR and financial packages
- Business planning
- Fund raising
- Running Board Meetings
Our role can be more formal as Chair of the Board, where we act as a sounding board for the directors and someone who brings focus to the company or less formal, where we are a consultant and observer.
These are usually fixed fee arrangements, so that you know exactly what you are committed to before our work starts and it encourages you to ask us questions, knowing there is nothing more to pay. In the process, we get to know your business even better.