your finance function is not a one size fits all exercise. There are a wide
range of choices:
1) There is the people mix, in terms of matching the
differing levels of seniority. Why go to a recruiter as the first stage? Prior
to this you need to understand the apprtopriate staff mix for the finance
function and this is where Secantor can help you; with the decisions about
whether you should appoint at the bookeeper level, the mangement accountant
level, the financial controller level or a part-time finance director. All of
this will mean that you have the appropriate input of expertise and skills at
the appropriate level. In this way you will end up saving costs on your finance
function by ensuring the right amount of input, at the right level. Many
businesses from £2m t/o upwards should have a finance director but you do not
usually need a full time finance director until your turnover is in excess of
£30m. At this level, it is not so much about time as it is about skills, and
experience.
2) Growing businesses need to start to integrate their
finance function as an information centre. This then delivers real value by
helping management run the business, and to enable effective delegation that is
required for growth.To achieve effective delegation mangament need regular
information for planning and control purposes. Ensuring that the finance
function is delivering value to management is the domain of the FD.
3) At
Secantor www.secantor.co.uk we have many years of experience of developing finance functions for
SMEs. We can help guide you through the maze of what at first sight only appears
to be a cost. We can paint a picture for you of how your business might look in
the future and the building blocks to get there. An effective finance
function should be coupled with stakeholder management, through your part-time
FD so that you can focus on growing the business knowing that your investors and
bankers are being kept informed. This means that there are no "shocks or
surprises" building confidence that mangment are capable of running a larger
business.
4) Systems and processes are critical in the development of the
finance function and its linkages with other parts of the organisation. Secantor
harnesses the talent of all its people to ensure the right solution for
you.
5) Outsourcing. We have many clients that simply ask us to run their
finance functions with agreed outputs this can not ony be cost effective but
scalable to avoid those step changes you might experience through employing
extra people.
For a free consultation call us on 07887 826824
www.secantor.co.uk
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