It’s no surprise to hear that good financial tracking will have an impact on the success of your company. Managing the way the money is flowing in and out of your business will affect cashflow and other important aspects of operations. Too often, entrepreneurs don’t have the necessary professional training, which is why they turn…
You’ve launched your business, sales are growing at a healthy rate, customers are lining up and there may even be interest being shown in international markets. You should be basking in the light of your success, but instead you have so much to do, it’s hard enough to find 15 minutes to grab a sandwich…
There is often confusion when discussing the roles of Accountants and Finance Directors. After all, they both work with clients and businesses to help improve their financial outlook. However, there are some key differences when it comes to how they go about achieving this. Typically, Accountants will handle financial records and reporting, and ensure their…
A Portfolio Finance Director (“FD”) is an FD who has more than one client, so someone who may work full time but for multiple companies at the same time. There are many advantages to hiring a portfolio FD. SME companies who could not otherwise afford the services of a full-time FD, can employ an FD…
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 Ireland has developed 7 key benefits around why you should…
With Christmas just around the corner, people across the UK are now beginning to take time off from work for an early & extended Christmas holiday. The winter months also bring the dreaded flu season which will inevitably take staff out of work for unscheduled periods of time. Some employees may even believe that it’s…
What is a Finance Director? A Finance Director is a senior executive who supports a business by overseeing and implementing the financial strategy for the company. Finance Directors control key financial matters by managing risks, pushing growth and supporting the existing management team or Managing Director. What is an EFM Finance Director? Our Finance Directors are…
So what should an accountancy firm/function/professional offer companies of today? Given the complexities of company needs and wants, it’s probably easier to look at what they shouldn’t do… The Rear-view mirror – stop looking in the past. A finance professional’s view point should be 5% historical, 95% forward looking. Time should only be spent on…
About Adair… Adair is the Founder and CEO of EFM Scotland and as a chartered accountant he has amassed a vast experience in all areas of finance and commerce, as well as having significant experience in executive management & leadership roles. Adair is passionate about not only improving the financial viability of an organisation but…
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