Why you need to outsource your finance function and how to go about it…Part 2

Serious advantages for you and your business.

 

Welcome to the second part of my three-part series detailing everything you need to know about outsourcing your finance function. To read part one, click here . In this part we’re going to look at two incredible advantages of outsourcing:

  1. Maintaining continuity with your business accounts – no matter what

The peace of mind and confidence you gain when you know that your business finances are being well taken care of even when you’re not around is invaluable. Your finances will never have to wait – so you’ll always have up to date records to help you to make informed decisions.

This gives you ultimate control; knowing that at any point you can access the correct information and gain an exact picture of where your business is, and where you’re going.

As the pandemic has shown us, you have to be prepared for all eventualities in business. With a trusted outsourced finance function, you can expect the agreed level of service regardless of events outside of your control whether that be a global pandemic, illness, or leave of absence for bereavement. And, as you’re paying for a service, if your current accountant doesn’t deliver, you move on. Simple.

  1. Using best-in-class systems to unlock the potential of your finances

When you outsource your finance function, you can ditch the in-house CPD and the drain on time and money that this entails. Development and training is the responsibility of your accountant and they’ll be shouldering the cost to make sure they have industry-leading knowledge using the latest and most effective systems to support you.

Technology moves so fast and the pressure for your internal training to keep up is huge. Why not let the experts take the strain? Don’t waste hours of your bookkeeper’s paid time researching tools, integrations and more – an accountant will be doing this (or should be) as standard.

Don’t settle for the systems that your team is familiar and comfortable with. (Likewise, if your accountant already does this and never suggests improvements, it’s likely they’re in the same rut). By outsourcing to a forward-thinking accountant, you will gain access to the latest innovations that will give you the best results for your business.

Ready for part three?

Next time I’ll be looking at how you can use your finance function as a tool to manage your business, giving you greater insight and more control for now and in the future.

Can’t wait for more insight to get you in the best financial shape?

There’s a wealth of information in my business planning series. Click on the following link to download your free workbook.

Or speak to me directly to discuss if an outsourced finance function is right for your business >> Book your free discovery call.