Tabitha Reid (view profile) heads up the Outsourced Finance function at Donald Reid Group. In this video, she outlines the benefits of SMEs using outsourcing services for accounts, payroll, VAT and monthly management accounts.
Why should you outsource your finance function?
Running a finance department is a combination of routine tasks such as bookkeeping VAT and payroll, as well as preparing more strategic information such as monthly management accounts.
Good information to help your decision-making
Accurate and timely information on performance, cash flow and budgets enables business owners to make informed decisions to drive their business forward
The right people doing the right task
Staffing requirements in the finance team can vary throughout the month. It is also difficult to ensure that tasks are performed by people with the right skills. For example, you don’t want to pay a qualified accountant to input data and you don’t want a bookkeeper preparing vital management information. By outsourcing, you will have access to a full team ensuring that the right skills are available.
A flexible solution
Outsourcing is flexible. You can increase or decrease the services you require relatively quickly. As you grow, you can increase your usage and once you reach an optimal size you can bring the finance department back in-house, should it be more cost effective to do so.
Expert advice
Outsourcing gives you access to a wealth of experience and specialist knowledge at a fraction of the cost of developing this expertise in-house. You should also have peace of mind knowing that your compliance is taken care of.
Fixed fees
We offer transparent fees helping you budget effectively and smooth your costs across the year.
If you would like to discuss outsourcing your finance function, I would love to hear from you.
DRG Outsourced Finance, with offices in London, Maidenhead and Dorchester, offers a full range of outsourcing services - from payroll to VAT, from book-keeping to monthly management accounts. Please telephone 01628 760000 to find out more.