Why should I outsource?
Outsourcing – using outside companies to handle work for you - has long been an option used by businesses big and small to cut costs. However, there are many other benefits of outsourcing that you may not initially consider.
Focus on what you do best.
Let’s be honest, there are numerous elements of running a business that don’t really sit within the ‘core activities’ and they probably aren’t the reason you started doing it in the first place. The back-office or support operations are the ones that tend to get neglected during times of growth as they can easily tie up human and financial resources that can be best used in the areas that actually make you money. Outsourcing can alleviate the strain of trying to manage an increasing workload in these critical, but non-revenue generating functions.
Provide continuity in times of change
Ever felt like one week you could do with a full-time team of people and the next week you wouldn’t need them at all? The life of a small business is rarely the same one day to the next which can make it really difficult to know when the right time is to take the plunge and hire someone. Outsourcing can be a great way to manage these times as they have the flexibility to cope with the ebb and flow of ever changing workloads.
Get expertise that would normally cost the earth
Ok, so this kind of is about saving money. But it goes beyond that. For considerably less than the cost of hiring someone and without the risks that come with staff, you can get expertise across multiple areas, as and when you want it. Think of the benefits to your business of having access to knowledge and experience without breaking the bank.
So why finance department outsourcing?
Small businesses should be able to have all the benefits of having a finance team with out the major costs that come with it. Information is power and a finance team can provide you with quick, accurate, reactive information. Payroll is a typical thing to outsource when it comes to business finances but there are so many more options to suit each company’s individual needs.
At Aliter Finance we focus on providing a finance support function for small businesses. We will cover everything from your basic bookkeeping, VAT Returns, payroll, forecasting and reporting, through to management accounts. We are also Quickbooks ProAdvisors and can help from system set up through to training and beyond.
Why not contact us today and see how outsourcing can help you?