Outsourced Finance Director
Full-time FDs or CFOs are expensive, but their advice is crucial. Our outsourced FD service can help provide objective expertise whilst you grow without the full-time cost.
Why do companies outsource the Finance Director role?
Many early-stage companies won’t have an in-house full-time FD or CFO. One of the main factors will be cost, full-time (or even part-time) FD roles can be very costly, both in terms of the ongoing remuneration but also in terms of the recruitment cost. Another rationale for outsourcing this role is to get independent and objective expertise, as it can help to have someone that isn’t bogged down in the day-to-day to objectively scrutinise performance and identify risks.
How we can help
At The Smart Accountants, we have senior partners that have a wealth of experience in outsourced FD roles for companies across many industries. This role would involve:
“The team have helped us grow and become more professional. Dave has been invaluable in advising us. He has helped our accounts team so much and they now absolutely love Xero!”
“Stock taking was a nightmare and we kept everything on spreadsheets until we spoke to the team. Switching over to Xero was an easy process.”
“One of my previous headaches was always the absence of reliable management information and that often consumed my time unnecessarily. Since working with the team, they have implemented new systems, enhanced existing systems and they provide information on a monthly basis which is accurate and clearly communicated. This allows me to spend time doing what I should be doing.
Combine that with their sector expertise, knowledge and professionalism we would have no hesitation in recommending their services to anyone.”
“We’ve always found the team to be responsive, helpful, and proactive in suggesting ways for us to improve our processes. In particular, we have been happy with the move from Sage to Xero, which has made our lives much easier as we grow our business.”
“As our accountants and advisors, the Smart Accountants have always been on hand to support our business but recently they helped the sale of our business to an Employee Ownership Trust. Ultimately this transaction helped us with obtaining a fair price for the business, ensuring long-term succession, and rewarding our employees. The team supported us from the very initial advice and planning stage right through to the implementation and were on hand to offer their expertise throughout.”
The Next Steps
If you’d like further information or to discuss our outsourced FD service, please get in touch and one of our experts will be happy to talk to you.
Please call us on 0845 606 9632, email us at team@thesmartaccountants.co.uk or complete the contact form below.
