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EFM Experts
Financial Management
Business Growth
Knowledge Hub
AW House
6-8 Stuart Street
Luton Beds
LU1 2SJ
Tel: 01582 516300 or Email: [email protected]
Email: [email protected]
Managing your finances is critical to all businesses, no matter how big or small.
Juggling cash flow, sourcing funding, and maximising profitability are challenges to all business owners and these are the things that a part-time Finance Director can help with.
This is why EFM has developed 7 key benefits around why you should hire a part-time Finance Director:
Hiring a full-time, experienced in-house Finance Director is expensive and you may not have a full-time need. Outsourcing provides you with access to a quality individual at a cost that is aligned with your business needs. Furthermore, you can choose the right individual to maximise performance, productivity, and compliance at the correct level for your business.
By engaging a part-time Finance Director, you simply pay for support as and when it is required. This allows you to invest more of your funds in activities that will directly benefit your bottom line.
A part-time Finance Director can help evaluate your business from an ‘independent’ perspective. They can offer objective, effective advice with your best interests in mind. This guidance will help you steer and develop the business as you had intended.
Outsourcing a Finance Director gives your business access to expertise that will help you improve cash collection and effectively manage payments. Additionally, a part-time Finance Director will be able to help you source the necessary support and funding to help your business grow.
An experienced Finance Director will be able to identify cost-saving opportunities and implement them on your behalf. When a part-time Finance Director is only being used as required, they effectively ‘pay for themselves’ even before all other value-adding opportunities.
Take note of how much time you’re spending on managing your finances every week for your business. That time could be spent on improving your operations,
better serving your customers and ultimately growing your business. Removing this type of distraction on a daily or weekly basis will ensure your time is being used productively.
A part-time Finance Director will dedicate time to your governance requirements and will reduce your risk of non-compliance with organisations such as Revenues or external funders such as Banks and Venture Capitalists.
If you’re interested in finding out how our part-time, nationwide team of finance professionals can help to support your business, get in touch today!
Contact our central team via email or call 012542176.