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A skilled finance team provides strategic direction, sophisticated insights into the company’s financial situation, financial forecasting, growth planning, and tight control over budgets and cash flow.
However, interviewing, hiring, training, and paying full-time salaries for each of these employees can be expensive and time-consuming. Many small businesses just don’t have the resources to assemble a full-time finance team. Outsourcing can help!
Why outsource your finance team?
Outsourcing your company’s finance team is a less expensive option that can be even more effective than an in-house finance team. Outsourcing affords small businesses the expertise of top-of-the-line finance and accounting professionals without the price tag.
For growth-stage companies, this is a particularly compelling option, as the finance consulting team can help businesses that are in a stage of constant evolution make quick financial choices and identify the most valuable new opportunities. When outsourcing these roles, companies also benefit from the scalability of being able to adjust the scope of the team’s work on an as-needed basis.
Below, we’ve covered the benefits of outsourcing each of these three key finance roles.
Benefits of an Outsourced CFO:
Benefits of an outsourced controller:
Benefits of an outsourced bookkeeper:
At TGG our dedicated 4-person teams can partner with your company to elevate your financials. To find out more, contact us.
This post was reviewed by our team of accounting and financial experts. TGG’s mission is to make business owners’ lives better through excellent financial management. We strive to provide the most up-to-date and objective information on accounting-related topics so our readers can make informed decisions based on factual content. All posts undergo a review process with at least one member of our Leadership Team to ensure accuracy.
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