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  Ask yourself  
1. Do you have a written business plan?2. Do you produce monthly management accounts?                  3. Are they available within 10 days of the month end?

If you answer "NO" to any of the following questions, you need to contact The Finance Function on 0845 330 4031


What is outsourcing? 

"Outsourcing is the planned transfer of a business process to a third party provider in order to achieve a measurable benefit to the company by either cost reduction or gaining expertise."

The Finance Function is primarily aimed at providing an outsourced  finance function and FD services to the start-up and small to medium size enterprise (SME).  Often in the growing phase of a company's development, there is insufficient work available at various levels in the organisation to warrant the cost of recruitment and training of full time employees. However, the work must get done and a key area that is often neglected is that of the finance function.  There are a number of options available to companies in this situation.

  • A DIY finance function - a muddle through approach with no one in particular tasked with the company administration, not the recommended option.
  • Employment of staff - cash restraints may apply and staff may be under-employed. 
  • Employment of staff but managed by a Finance Function FD or accountant.
  • Outsource part or the entire Finance Function. 

What are the benefits?

  • Allows concentration on core activities.
  • Improved service quality.
  • Access to world class capabilities, skills and technology.
  • Scale-ability, service adapted to meet clients needs. 

Should the finance function be outsourced?

At the Finance Function we believe that  it is essential that the right mix be achieved for the client, this will require a careful review of the facts before any decision is taken to outsource part or all of the finance function. We will be pleased to meet with you to discuss the options that are available.  The initial meeting is free and without obligation.  Please see our Contact page or email info[@] financefunction.co.uk removing the [ ] brackets. 


Copyright 2010, The Finance Function Ltd. All rights reserved. Last Updated 12 January 2010