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finance Director

Most small businesses have a profit & loss but may not be capturing all income and costs within the right month within a few weeks of each month-end. Fewer still understand their profitability by customer/channel and product/service. This information can be used to discuss altering those relationships to drive increased profitability and ensuring resources are deployed where they have the most significant impact. Most small business owners work too many hours for too little money. By gaining a greater understanding of the profit and cash drivers, we can often significantly reduce activity without having a material impact on profitability, in some cases reducing activity can increase profitability.

Often, financial budgets are poorly constructed with little detail behind the assumptions, we build our forecasts and budgets around the key profit drivers, this means that the budgets are overall more accurate, but importantly, we can track actual performance v budget at a granular level, i.e. “We hit our overall income budget this month, but are short on gross profit because we sold more of low margin product A and not enough of high margin product B. As demand is High for product A we should put through a price increase there while focussing our sales efforts on product B”.

Our remote Finance Director services are priced at £100 + vat per hour subject to a minimum of 6 hours a month. This minimum can be reduced to 3 hours if a full outsourced finance department package is taken.

Using a remote Finance Director for a few hours or days a month means that you can bring in a wealth of financial and entrepreneurial experience to your business without incurring a six-figure salary.

Another benefit of using a remote Finance Director is that they will work across a range of clients and industries, meaning that they are constantly staying abreast of latest developments and pass on non-confidential experiences without researching on your time.

An excellent remote Finance Director will also hold you accountable for delivering your mission-critical tasks, too often small business owners are diverted to urgent but not important tasks, which do nothing for driving the company forward.

We are also systems specialists, which means we can review your existing processes, recommending and implementing efficiencies through automation and simplification with quality control built-in.

We were using Zoom before it was cool. We service clients across the world using remote conferencing technology but meet clients wherever possible to build trusting relationships.

COVID-19 changed the landscape for Charities like ours. Having Matt as our Finance Director meant we were able to easily model multiple scenarios and factor in the ever changing government support at short notice. This has been crucial in developing our response to the crisis and minimising the impact on our clients.