Adding Value
Our outsourcing solution can, in most cases, provide a complete finance and accounting function for less than the annual cost of internal hires, especially when employer payroll taxes, benefits, bonuses, IT equipment, office space, and management supervision time are factored in. In addition, the upfront costs of recruiting and management time for interviewing and training are avoided, as is the potential cost of bad hiring decisions or other turnover. An emerging growth company, despite its smaller size, needs to fulfill the same functional roles as a larger organization - clerical transaction processing, general ledger accountant, controller, CFO. But emerging growth companies do not need, nor can they generally afford, to hire full-time employees for each of these roles. Hiring part-timers is not a viable option.
Often, the solution is to hire one professional, who is expected to fulfill multiple job functions, handling clerical transaction processing as well as general ledger management, financial analysis and reporting, and liasing with investors, lenders and a board of directors. Such a job description - not to mention budget constraints - usually means settling for less-than-ideal talent and experience. Moreover, the skill sets of an internal team may be quickly outpaced by a fast-growing company.
By contrast, outsourcing provides all aspects of the finance and accounting function, with the appropriate level of subject matter and expertise applied to each functional area. Vacations and other absences become a non-issue. In addition, the fixed price arrangement provides peace of mind from knowing that you have unlimited phone and email access to us, and that accounting and financial issues - including those that cannot yet be foreseen - will be proactively taken care of.
Often, the solution is to hire one professional, who is expected to fulfill multiple job functions, handling clerical transaction processing as well as general ledger management, financial analysis and reporting, and liasing with investors, lenders and a board of directors. Such a job description - not to mention budget constraints - usually means settling for less-than-ideal talent and experience. Moreover, the skill sets of an internal team may be quickly outpaced by a fast-growing company.
By contrast, outsourcing provides all aspects of the finance and accounting function, with the appropriate level of subject matter and expertise applied to each functional area. Vacations and other absences become a non-issue. In addition, the fixed price arrangement provides peace of mind from knowing that you have unlimited phone and email access to us, and that accounting and financial issues - including those that cannot yet be foreseen - will be proactively taken care of.