Outsourced Finance Department

When we are your outsourced Finance Department, we take care of everything, so you can focus solely on the things that drive your business forward. We understand that there is more to running a successful and growth oriented business than recordkeeping (bookkeeping) and accounts management. Once all this key information is compiled, we can then provide you with forecasts for your business. We can help you control slippages and optimise processes in a manner where you can invest wisely and improve your financial strength. We take your information, record it, analyse it, understand it, and use it as the basis for forecasts, budgets, and financial plans. In addition to this, we work with you on strategic financial matters that are focussed on kickstarting growth. What may have previously been a backwards-looking function is transformed into a forward-looking function providing useful strategy-level advice that works for your business.

This program is the most influential of all and although we work remotely, we work with you side-by-side; making calls, creating and sending invoices, overlooking credit control, payroll, and anything else finance-related on your behalf. Essentially, becoming an extension of your business. Anything you may require from a finance department, whether that’s accounts payable, accounts receivable, treasury, fixed assets, financial control and directions, management accounting… We have you covered.

SERVICES OFFERED IN THIS PROGRAM ARE AS BELOW;

• Financial Process Flowchart
• Xero Setup & Maintenance
• Xero Subscription
• Branded Invoice Template
• Systems Review and Clouds App Recommendations
• Technology Consulting
• Transaction Coding
• Sales and Purchases
• VAT Return
• Balance Sheet Reconciliations
• Payroll (up to 20 employees)
• Annual Payroll Return
• End to End Process
• Credit Control
• Fixed Assets
• Inbound Calls
• Xero Profit & Loss and Balance Sheet
• Customised Xero Reports
• Budgeting
• Budget Vs. Actual Reporting
• Real- Time Dashboard
• Key Performance Indicator (KPI) Reporting
• Business Review Meeting (Monthly)
• Analysis and Recommendations Report
• Financial Controls Implementation
• Forecasting & Scenario Analysis
• Cashflow Management
• Financial Modelling
• Funding, Loans & Borrowing Support
• Flexible Contract Term
• E-mail Support
• Telephone Support
• Instant Chat
• Single Point of Contact / Relationship Management
• Direct Mobile Contact

Perfect for small and medium growing businesses serious about their growth and achieving their potential. This program allows you to outsource your entire Finance Department without incurring any costs of hiring whilst maintaining a focus on giving you the holistic financial expertise to enable successful growth.

Outsourced Finance Department

FAQ

Can you provide financial forecasting and budgets?

Absolutely. This is one of the most valuable parts of the programme. We take your financial information, record it, analyse it, understand it, and use it as the basis for forecasts, budgets, and financial plans. What was previously a backwards-looking function is transformed into a forward-looking one – providing useful, strategy-level advice that works for your business.

What if I only need some of these services, not all of them?

That’s perfectly fine. We tailor our service to your needs. If you don’t need payroll or credit control but you do need financial reporting and forecasting, we’ll build the right package for you. Our approach is to be flexible and to ensure that what we deliver genuinely adds value to your business. We’d recommend starting with a conversation so we can understand exactly what you need.

What does the Outsourced Finance Department cover that the other plans don’t?

The Outsourced Finance Department is our most comprehensive programme. It covers everything from bookkeeping, accounts payable and receivable, credit control, payroll, and treasury through to financial controlling, management accounting, forecasting, scenario analysis, cash flow management, financial modelling, and even support with funding, loans, and borrowing. It is a complete, all-inclusive finance function for your business.

How do you work alongside my existing team?

Although we work remotely, we work with you side-by-side. We make calls on your behalf, create and send invoices, manage credit control, handle payroll, and take care of anything else finance-related. We essentially become an extension of your business. Many of our clients describe the relationship as seamless – as though we’re sitting in the next office.

Is this service only for large businesses?

Not at all. The Outsourced Finance Department is designed for small and medium growing businesses that are serious about their growth and achieving their potential. It allows you to access the full capabilities of a finance department without incurring the costs of hiring multiple staff. For many SMEs, this is the most cost-effective and impactful way to get holistic financial expertise.