An increasing number of start-ups & SMEs can scale up whilst keeping a careful eye on overheads through outsourcing financial management functions. Most commonly routine finance and accounting services such as payroll and bookkeeping are outsourced, but increasingly other areas of finance can also be successfully outsourced.

Outsourcing finance functions helps companies to save overheads such as staffing and infrastructure, as well as related training and staff development costs. Outsourcing helps companies to avoid these expenses altogether and hit the ground running as their businesses grow.

Other advantages include:

Quality resources on demand

Hiring finance professionals in the early stages of a business uses precious capital and is a distraction from the main focus on winning customers and developing products and services. Outsourced finance processes give small companies access to quality professionals and improve business productivity.

Flexibility

Outsourcing allows organisations to scale up (and down) quickly in response to developments in the business.

Focus on Core Business

Outsourcing non-core functions helps SME founders and managers focus on the core functions of the business.

Speed of service

In addition to the quality service from the vendor, outsourcing of finance and accounting helps the organisation with quicker turn-around time which can boost their overall performance.

Business owners can get the bespoke support they need in outsourcing their finance & accounting services from EFM Ireland. Our team of experienced and multi-sector finance professionals ranges from high-level Finance Directors & Financial Controllers, to lower-level support functions, such as Bookkeepers, Credit Controllers & Payroll Managers.

To find out more about how EFM Ireland’s tailored financial management services can benefit your company, get in touch with the central team. Contact EFM Ireland via email or call 01442 8176 to set up your free one-hour consultation.