FINANCE FUNCTION OUTSOURCING
After all of the turmoil over the last few years, now is the perfect time to review how your business operates and the benefits of outsourcing your finance function.
SAVING YOU & YOUR BUSINESS TIME & MONEY
The finance function is not only one of the most important parts of any business, it can also be one of the most expensive. By outsourcing this to a specialist firm like ourselves not only will you save money, you’ll also get access to a team of industry experts, meaning you can scale up or down with ease.
Alongside the benefits and improvements it can bring to your business, you’ll also have access to real-time, relevant financial information that helps you to fully understand where the business is and how you are performing. We do this by using an innovative ‘shared services’ business model that only larger companies have recently developed, we’re able to provide a wealth of information through accounting services for mid-sized and small-cap companies. This can not only bring a cost reduction of up to 40%, but means your key team members are freed from manual tasks and can maximise their value to the business.
To give you an idea of how we can help, we’ve created a typical company structure below. We are able to take responsibility for any of the roles shown in grey.
5 Reasons To Outsource Your Finance Function
When your finance function is executed in-house, it often receives less attention than other departments. After all, creating revenue must be the primary focus of any business. However, when you outsource your finance department, your finances are handled by a finance and accounting services company that gives it an utmost priority.
Here are 5 reasons you should be looking at outsourcing some of the processes:
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“We started using SKS as an outsourced Finance function early in 2017. The transition was remarkably smooth and, through the dedicated team, we are now receiving accurate reports on time. This is on top of cost savings and fewer operational headaches.”
Vivek Singh, Executive Director, Award Apparel Ltd