Outsource Finance: Unlock the benefits and focus on Growth
In this blog we want to show you how outsourcing the finance function of your business can help the business increase efficiency, reduce overheads, tap into finance experts thus adding value to your business, free up time to concentrate on growth and also help you improve your work life balance.
In the current global economic climate, businesses are dealing with an increasing needs to ensure that they have a strong, talented finance team, who understand the changing finance sector, increasing need to maximise efficiencies via techological advances to ensure business resilience to ensure that you stay a head of the curve. Enabling that the businesses leaders can concentrate on the strategic decisions, so you can grow your business.
With the increase in employers national insurance, the global trading crisis many businesses are looking for ways to reduce their overheads, whilst not having a negative impact on the team or business- outsourcing your finance function is a great way to do this!
It reduces over heads such as employers costs, such as employers national insurance and employers pension contributions.
Enable businesses to invest in technology to improve the efficiency within the business.
Is an opportunity for businesses to increase the experts on their team and the experience they have.
Allow you to ensure everyone concentrates on their area of expertise thus ensuring business growth and resilience.
We go into more depth below:
Reducing overheads
Since the start of April 2025, employers national insurance contributions have increased to 15%, increasing the cost of attracting and retaining expert finance professionals to your team. In addition to this, ensuring employees maintain their skills and knowledge and that any skill gaps are addressed – can cause additional expense at a time when you business is already stretched. Not to mention the impact of the time taken whilst new employees integrate and knowledge is transferred between your team.
Outsourcing for key roles or all the finance function and the associated responsibilities can enable the business to tap into expertise that maybe previously outside the normal means. Ensuring the ability to consult on key areas, adding value, experience and knowledge to your team and business, whilst freeing up capital which can be utilised as needed to increase efficiencies and strategy within the business structure.
Investing in Technology to improve processes and efficiency within the business.
By outsourcing some or all of the finance function you have a unique opportunity to reinvest some of the capital into new technologies and potential AI software which will not only improve on your business effiencies but add value to your balance sheet. Bolstering your business resilience to mounting global business pressures.
Over recent years, the push for practices to invest in the latest accounting and reporting software has increased. Every month there are new and improved solutions launching on the global market. By using an partnering with experts such as us, you can access these without having the worries and financial outlay for implementation.
Personalised Support, shaped to the individual needs of your business.
The needs of your business change not only as you business grows but also to meet the ever changing requirements of the global business arena and economic environment, increasing pressures on the financial function of the business.
To meet these needs outsourcing partners, tailor the services to meet the specific needs of the business. They can scale as needed, and add services as well, all without the additional costs associated with ongoing recruitment. They adapt to your needs and demands, by understanding your business model, the present performance of the business and your future goals and should aim to drive financial efficiency across your business improving the business strength and adding value to your team.
Finally and most important- they enable you as business leaders to concentrate on the Growth of your business.
Having the time to deal with the strategic decisions to enable and sustain growth can seem impossible. By outsourcing the finance function, accessing key technologies, reducing overheads and ensuring a personal service where you and your business are understood it will allow you to concentrate on your achieving your business goals, investing in your existing team, increasing knowledge and developing your team. Which will increase morale, employment satisfaction and employee retention.
If you are considering either to have some or all of your finance function outsourced it is important to find the right fit for your business. Key considerations should be:
· Is it a specific role or the whole finance function which is going to be outsourced.
· What experience is needed to complete the responsibilities
· Ensure that the outsourcing partner, has the requisite expertise and ability to scale with the changing business needs.
At Stanton Accountancy with extensive expertise in accounts including, in corporate environments and also in practice we are proud to offer an outsourced finance function we offer this service across small and large business and are also able to offer services of fractional finance manager, controllers, director or CFO – why not see how we can help you add value, time and efficiencies to your business by emailing : info@stanton-accountancy.com or calling our office 01359 298006 to discuss your needs further.