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
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