Advisory / Outsourced finance director
All the expertise, without the full-time commitment and expense
Discover how working with an outsourced financial director can benefit your business, without the commitment and expense of a full-time employed member of staff.
Why does my business need a finance director?
A finance director is essential for any business seeking success. They provide clear and accurate financial information and enable strategic decision-making. Acting as a trusted advisor and sounding board, they offer you guidance and support in all business matters.
With this expertise, your business can develop comprehensive financial plans, manage risks and drive growth, giving you financial stability and maximising your profitability by:
- Managing your cashflow
- Offering valuable insights on financial strategy
- Predicting and analysing your financial performance
- Developing a budget that aligns with your objectives
- Delivering regular management information
- Assisting in long-term business planning
- Presenting financial information to your board
- Ensuring adherence to financial regulations and compliance
Why should I outsource this important business function?
To reduce your costs
- A full-time finance director is a major asset, but unfortunately it’s a large investment that many businesses can’t afford.
- An outsourced finance director allows you to benefit from the commercially facing expertise of a full-time finance director but with the flexibility of cost and hours to suit your workload and budget.
- This cost-effective solution streamlines your financial processes and provides you with the peace of mind that your financial affairs are being managed efficiently and professionally.
To complement your existing set up
- Working within your business, for your business, our finance directors are an extension of your team.
- Working alongside you during day-to-day operations, we gain first-hand experience of your business and a comprehensive understanding of what you’re trying to achieve.
Assistance managing your finance department
- A finely tuned finance department is a business-critical function that requires attention and support.
- An outsourced finance director can be an ally to your team, offering nurturing support, coaching and mentorship.
- Your outsourced finance director will become a fully integrated member of your team, leading and supporting you in areas such as improving communication between departments, meeting deadlines, matching skills with responsibilities and managing staff and pastoral issues.
To maximise efficiency
- When you’re fully immersed in running a business, it’s easy to get caught up in immediate priorities and lose sight of the bigger picture.
- By outsourcing financial support, you can benefit from a valuable outside perspective and the expertise of seasoned professionals.
- Our team will work closely with you to develop a comprehensive plan tailored to your business needs.
To provide strategic planning
- We specialise in advice and guidance, helping you and your team to develop a comprehensive plan to reach your business goals.
- We have a wealth of experience in addressing both common and niche financial challenges, ensuring that no obstacle stands in the way of your success.
- Regularly reviewing your progress to accurately measure your achievements, you can trust us to provide the support you need to reach your long-term ambitions.
To build stakeholder relationships
- Maintaining and enhancing stakeholder relationships is crucial for the efficient functioning of your business, but it can be time-consuming.
- Our finance directors have a proven track record of successfully building productive partnerships with key stakeholders to enhance efficiency and collaboration.
- We can help you to manage important stakeholder relationships, such as investors, bankers, shareholders, insurers and key customers and suppliers.
Frequently asked questions…
A finance director is responsible for overseeing a company’s financial operations, including budgeting, financial planning and reporting. They provide strategic financial guidance to senior management, ensure compliance with regulations and analyse financial data to make informed business decisions. A finance director can bring stability and efficiency to your company’s financial operations and contribute to its overall success.
Outsourcing a finance director can be a strategic decision for companies in various situations. It allows companies to access specialised expertise and experience without the long-term commitment and overhead costs of a full-time employee.
It provides an opportunity to tap into the knowledge and skills of professionals who have worked with various industries and organisations. This breadth of experience can bring fresh perspectives and innovative solutions to financial management.One instance where outsourcing can be beneficial is during a growth phase. When a company is experiencing rapid expansion, it may not be practical or cost-effective to hire a full-time finance director. Outsourcing allows for flexibility in scaling up or down the financial support as needed.Another scenario where outsourcing can be advantageous is when a company is facing financial challenges. In such cases, bringing in an outsourced finance director can provide an objective assessment of the situation and offer expert guidance on how to navigate through the difficulties.
They can analyse financial data, identify areas of improvement and develop strategies to overcome financial obstacles.
If your company has complex financial operations, a high volume of financial transactions, or a need for strategic financial planning and analysis, you may need a finance director.
Having an outsourced finance director offers a high level of flexibility for businesses. Unlike a full-time in-house finance director, an outsourced finance director can be engaged on a part-time or project basis, which allows for greater flexibility in terms of cost and resource allocation. Businesses have the flexibility to scale their financial management needs based on their current requirements, without the need to hire a full-time employee. This flexibility also extends to the scope of work. An outsourced finance director can provide a wide range of financial services, including financial planning, budgeting, cash flow management, financial reporting and strategic financial advice.
This allows businesses to tailor the role to their specific needs and only pay for the services they require. Overall, an outsourced finance director role offers businesses the flexibility to access high-level financial expertise and support, while maintaining cost-efficiency and adaptability.
How to work with us
“GLX’s experience and financial savvy has proved invaluable to our company. ”
“From day one they assimilated the workings of our industry and the financial requirements that needed addressing.”
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Our team of expert specialists are here and ready to help you take your business accounting to the next level.