Benefits of Hiring a Virtual Finance Director

Benefits of Hiring a Virtual Finance Director

As your business grows, so will the need for effective financial management. You may already have hired a bookkeeper to keep the basics in check, but as your business continues to prosper, you may feel that you need a more substantial service. This next step could be the hiring of a Virtual Finance Director – someone who will manage your finances with the knowledge, expertise and experience you would expect from a loyal, full-time member of staff, in your offices or remotely, but for a fraction of the price. We’ve rounded up a plethora of benefits that could come from hiring a Virtual Finance Director if you are considering this as your next step: 1. All-Seeing, All-Knowing The primary role of a Virtual Finance Director is to oversee all financial activity with an objective, unbiased eye. This means having someone on your team who can actively monitor your finances and report back to you with clear, detailed information that will help to inform positive business decisions. Having access to a consistent, real-time overview of your financial situation at all times via a Virtual Finance Director can help you to understand your business and move forwards in the most profitable way. And you won’t have to break the bank to do it. 2. Affordable Access to Experience and Expertise Choosing to hire a Virtual Finance Director means that you’ll be working with a fully qualified accountant with years of valuable experience in senior financial leadership. While hiring someone full-time with a similar status can be expensive, going Virtual means that you’ll only have to pay for the time you need...
Go Cardless – How to get paid on time, every time!

Go Cardless – How to get paid on time, every time!

How to get paid on time, every time Small businesses are open to a wide range of risks. One of the biggest is cashflow. Getting the money you’re owed when you need it can make or break an SME.  Which is why any solution that gives a business the chance to get paid faster has to be good news. Go Cardless – an online direct debit management system – gives a business owner more options, at less cost, than ever before. Before Go Cardless entered the market place setting up direct debit facilities for small businesses was time consuming and costly. Controlling cashflow – keeping your business on track So how does Go Cardless help? The first, and most crucial feature that benefits business owners is the ability to reduce bad debt. Getting paid on time, every time doesn’t just help with cashflow, it also assists the organisation in other ways too: Improved cashflow. Frees up your business to do what it was set up to do. No more credit control. No time spent chasing up bad debts or dealing with the endless excuses of those who don’t want to pay. Swift set up. Crucial to being able to run your business effectively is the ability to manage payments by importing your existing customers into the Go Cardless system. With its simply plug and play features, Go Cardless immediately allows you to start taking payments. Transparency. Go Cardless charges are very clear and minimal. You don’t get any nasty surprises, unlike traditional banks which can impose unexpected charges without warning. Speed of payment. Go Cardless doesn’t hang on to your money. With its...

We are a member firm of the Institute of Chartered Management Accountants and a certified Xero advisor

cima-accountant-surrey XERO Silver Partner FSB Member