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Should you buy outsourced finance support?

August 19, 20243 min read

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Are you thinking about investing in outsourced finance support but wondering if it’s right for you and your growing 6 figure business? 

Here’s everything you need to know about outsourcing your day to day finance function and how it can help you achieve clarity, understanding and peace of mind as you focus on other areas of your business.

WHAT?

What is outsourced finance support, I hear you say? Well it is the day to day management of the financial side of your business being run by an “external” team. This means things like raising of sales invoices, processing of purchase invoices, running payroll, paying suppliers, running a month end process, preparing budgets, forecasts, cash flows, management accounts. The list goes on. 

WHO?

Who is outsourced finance support for? Well actually most businesses can benefit from outsourced finance support in some shape or other. Most businesses that offer this service will typically tailor it to fit size and needs, recognising every business is different and has different requirements at different times of its life.

HOW? 

How can outsourced finance support can help you grow? Well this is the simple bit really. Handing over the reins to an expert means you can focus on what you need to, to really drive your business to where you want it to go. And as an added benefit the understanding you have of your business finances should only improve with real time data and someone analysing it and interpreting it for you. 

COST? 

What’s the cost of outsourced finance support and the return on investment? Well the service is likely to be tailored to your specific business. Things like the size of your business, volume of transactions, how many bank accounts you have, if you require a monthly management meeting including or just reporting, will all affect the charge to you. 

For our full package solution our prices start from £750 per month plus VAT find out more here.

IS IT FOR ME?

Who should not invest? This is not for you if:

You are not ready to face facts about the financial health of your business

You are not ready to get control back in your business

You are not prepared to make changes in your business

RESULTS

What kind of results can you expect from outsourced finance support? 

At Corbar Accounting we want to get to know you and your business so that we can understand what motivates your success. We go on your business journey with you. Having an insight and better understanding of your finances means you’ll be able to make better business decisions. With our support you will have visibility of what the future holds with our management accounts service. We can help you to implement better processes when it comes to cash flow so you no longer have dips and spikes, cash flow will be steady allowing you to have more flexibility and less stress.

Ready to take your business financial health to the next level? 

Click here to begin your journey .

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