The idea of outsourcing expert support is not new. Whilst common in the IT sector, the opportunity to apply the outsourcing concept to financial management has never been fully explored by business. Outsourcing your financial support offers a secure route to top level advice tailored to match the needs of the growing business. Can Outsourcing Help You? Q: Are you getting the quality of management information necessary to run your business? Q: Are you getting the greatest value from your finance area? Q: Do you get proactive and expert advice when you need it? Q: Does your team have sufficient skills to grow your business? Q: Do you have access to the best technology? If you answered no to any of the above questions, read on... Why Business Support Services? Keeping your competitive edge in business is a never-ending battle. Routine administrative tasks can take up a huge amount of management time and focus often at the expense of building sales. This constant struggle to focus on the things that you are good at is at the heart of a move towards 'outsourcing'. Outsourcing is the substitution on a regular basis, of internal resources by external resources to enable you to focus on building your business. We work with a wide range of companies to help them create effective and efficient finance and administration functions such as accounting, payroll, invoicing and financial reporting all important things that have to be done, but not the reason why you are in business. Any function that you don't consider to be 'core business' should be a candidate for outsourcing. There is a trend for companies to outsource more and more activities, but the most common areas are: Management accounts and reports Payroll Sales invoicing Credit control PAYE and VAT returns Purchase ledger and management Payments to suppliers Expense claims checking and reimbursement Personnel and Employment Law Health and Safety audits Why Outsource financial management? Avoids the time and cost involved in employing and training full time, financial staff Expert financial assistance is matched to your company's specific needs Releases in-house management to focus on growing the business Allows management to exploit own key competences and skills Service can be matched to peaks and troughs of a company's requirements On-site or remote support or a combination of both Cost-effective only the time expended on your business is charged for Better quality information Improved credibility with bankers and other professional advisers due to the relevance and timeliness of financial reporting You remain in control of costs, cash flow etc. You decide how much or how little support is needed Continuous access to constantly up-dated information via the internet if needed allows faster decision-making based on real-time information
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