Filling in the gaps - Facilitating growth with an outsourced finance function - PAGES - Flipbook - Page 5
5 | Facilitating growth with an outsourced 昀椀nance function
This then leads directly into the issue of time, as having
one person doing multiple jobs is not an e昀케cient nor
e昀昀ective use of their skills. We often see business
leaders, many of whom lack formal 昀椀nancial training,
assuming responsibility for 昀椀nancial management simply
because there is no one else in the business to do it. Our
research supports this, as 21% of business leaders say
that 昀椀nancial management and budgeting is their biggest
distraction from strategic leadership responsibilities, and
30% say that they 昀椀nd managing cash 昀氀ow a signi昀椀cant
“challenge”.
From navigating changing HMRC and National Insurance
regulations, to overseeing budgeting and 昀椀nancial
planning, small business leaders are being spread thinly,
limiting their ability to focus on the bigger picture. And
failing to secure the right people to do the job needed in
the right roles, particularly in 昀椀nance, means the business
might be missing out on both 昀椀nancial and growth
opportunities.
But it’s not easy to 昀椀nd the right people, and while
important it can be time intensive and high risk. This is
where Outsourcing can make a real di昀昀erence. Whether
you’re looking to hire full-time, part-time, or outsource
your entire 昀椀nance function, Outsourcing helps you 昀椀nd
the right talent for your business – quickly, e昀케ciently, and
without the hassle.
CASE STUDY
CHOICEALL LIMITED – MANAGING
GROWING FINANCIAL COMPLEXITIES
“As our business grew, managing increasing 昀椀nancial complexity
became a real concern. Menzies not only reassured us but took on
key responsibilities like PAYE, reducing the strain on our operations.
Their support became even more critical when I was navigating a
business transition, ensuring everything was handled smoothly so I
could focus on running the business. Having access to a trusted team
that understands our needs has been invaluable.”
Andrew Miller, Director
