Outsource Your Finance Function

Why an Outsourced Finance Function Can Transform a Growing Business

As business owners, we often start with simple needs. When you’re just getting going, your main focus might be on keeping the books in order, meeting tax deadlines and making sure everything is compliant. That’s exactly how one of our long standing clients started with us.

A few years ago, they joined us on a basic compliance only package. Their business was in its early stages, and at the time, all they really needed was someone to take care of the annual accounts and tax filings. That was enough to keep things ticking over. But as their business grew, things started to change.

Growth Brings New Financial Challenges

Over time, the client’s business became more complex. Revenue was increasing, which was fantastic to see, but so were the challenges. Cash flow started to fluctuate. Invoices were being sent out but payments weren’t always coming in on time. There were more moving parts, and the client needed a better understanding of how the business was really performing month to month.

The tipping point came when they told us they were spending more time trying to piece together financial information than they were focusing on growing their business. That’s when we knew it was time to move beyond compliance.

Building a Finance Function That Supports Growth

We worked closely with the client to build out an outsourced finance function that could grow with them. Here’s what that looked like in practice:

We started with cash flow forecasting- This gave the client clarity on what was coming in and going out, not just this month but in the months ahead. Suddenly, decisions about hiring or investing in new equipment were being made with confidence rather than guesswork.

Next, we tackled the aged receivables- There were invoices sitting unpaid for months, and no real system in place to track or chase them. We introduced regular reporting and put a simple but effective credit control process in place. As a result, the client saw cash coming in faster and more consistently.

We also introduced monthly financial reporting- Instead of waiting until year-end to see how things were going, the client now receives clear, easy-to-understand reports every month. These cover key performance indicators, track growth and highlight any areas that need attention.

And we stepped in with strategic support- Think of it as having a part-time finance director in your corner. We’ve been able to guide the client through everything from pricing decisions to financial planning for expansion.

Why This Matters for Your Business

If you’re a business owner who’s grown beyond the basics, you might be feeling some of the same pressure. Maybe cash flow feels unpredictable. Maybe you’re not sure who owes you money. Or maybe you just want a clearer picture of how your business is performing, without spending hours digging through spreadsheets.

This is where an outsourced finance function can be a game-changer.

It gives you the flexibility to access the right level of financial support without the cost of hiring a full in-house team. It grows with your business. And most importantly, it frees you up to focus on what you do best.

The Bottom Line

Our client’s journey from compliance-only support to a full finance function is something we see time and time again. As your business grows, your finance setup needs to grow with it.

If you’re starting to feel like you’ve outgrown your current setup, it might be time to explore how an outsourced finance function could help. It’s not just about keeping things tidy for the accountant — it’s about having the financial clarity and support to take your business to the next level.

Thinking about the next step for your business finances? Have a conversation with our business tax advisors in London about where you are now and where you want to go. We’ll help you build a finance function that fits.