Why Every Small Business Should have an FD
A Finance Director (FD) plays a key role in determining a company’s strategy
In large companies they will be the MD’s right hand man, combining financial and accounting skills with commercial and business acumen.
These requirements exist, whatever the size of the company. Although, for a huge majority of SME’s the cost of employing a full-time, experienced FD is extremely prohibitive. However, most SME’s do not need the role to be full-time, a part-time FD will still be extremely beneficial, providing insight and experience but without the prohibitive cost.
Whatever your business, strategy or competitive edge, the services of an FD, whether full-time or part-time, on site or remotely, will be invaluable to your business. (It is highly likely a part-time FD will operate both on site and remotely)
A summary of the benefits a Finance Director will bring to your business are:
• a solid reporting structure for all functions within the business
• timely & meaningful profit and loss reports,
• informative management reports with emphasis on costs an margins
• cash flow projections
• market, customer and product analysis,
• a sounding board for MD and other directors.
What are the other benefits?
Confidence
You can plan with up to date financial information and forecasting
Clarity
You will have financial information that is meaningful and easy to understand
Comfort
A resource you can trust while you “run your business”
Cost effectiveness
We can save you time and money
Control
You will have access to a skilled and flexible resource
Commercial know-how
A wealth of financial and commercial experience at your disposal