Filling in the gaps - Facilitating growth with an outsourced finance function - PAGES - Flipbook - Page 10
10 | Facilitating growth with an outsourced 昀椀nance function
SECTION 3:
RECLAIMING YOUR TIME:
DRIVING EFFICIENCIES WITH TECH
The age old phrase ‘time is money’ has never been more valid than
in SMEs today, where time is a business owner’s most valuable, and
scarcest, asset. Using Outsourcing to 昀椀ll essential 昀椀nancial personnel
roles not only tackles this issue, but also:
] Frees up internal bandwidth by o昀툀oading time-consuming
administrative and 昀椀nancial tasks.
] Allows SME leaders to focus on growth and innovation, knowing their
昀椀nances are in expert hands.
] Ensures compliance by leveraging professionals who are up to date
with the latest 昀椀nancial regulations.
] Provides instant access to a broad knowledge bank of people, with
insights into all areas to support your business including the latest
昀椀nancial technologies which can transform how a business operates
internally
This 昀椀nal point is particularly important as investing in the right technology
can be a real catalyst for change.
By implementing the right tools at the right point in a business’ journey,
you can signi昀椀cantly improve how your business operates. However,
it’s not easy. There are many di昀昀erent cloud based accounting software
tools available, and understanding what is right for your business is
challenging.
CASE STUDY
HGP ARCHITECTS LIMITED:
MODERNISING FINANCE THROUGH SMART OUTSOURCING
“As a medium-sized professional practice, we struggled for years to resource our 昀椀nance function
e昀昀ectively. The role required a high level of autonomy and accountability, but as we could only o昀昀er limited
progression it made recruitment di昀케cult and led to high sta昀昀 turnover. We therefore turned to the Menzies
Outsourcing team for support. They quickly got to know our business, and their professionalism was
evident from day one. The team spoke to us about our needs and put in place the right tech and systems,
transitioning us from Sage to Xero, enabling better integration with our project and resource management
systems.
Today, the team provide 360-degree support from monthly executive 昀椀nance reporting to audit preparation
and debt chasing. Through clever utilisation of software systems and changes to procedures, the
Menzies team have signi昀椀cantly reduced the time needed to manage our 昀椀nance function. Outsourcing
with Menzies has given us reliable, long-term 昀椀nance leadership and modernised our operations. Most
importantly, it has freed up our time so we can focus on strategic business priorities.”
Chris Callard, Director
