Optimal Finance Solutions’ Post

If you're running an SME you know how important it is to ensure you get value for money. With that in mind a Fractional Finance Director appointment might just be what you need. See the benefits of this type of service below, and a link to our page explaining a bit more about what's on offer. Why Consider a Fractional Finance Director for Your Business? 🔹 Strategic Leadership: A Fractional Finance Director offers high-level financial expertise and strategic guidance to propel your business forward. They pinpoint areas for operational enhancements, streamline processes, and boost efficiency. 🔹 Cost-Effective Solution: Unlike full-time hires, a Fractional Finance Director works on a part-time or temporary basis. This provides a cost-effective means for SMEs to access senior-level financial guidance and informed decision-making without the burden of a full-time employee. 🔹 Flexible Engagement: Whether you require ongoing support for a few days per week or month, or temporary coverage for extended absences like maternity or sickness, our services are customised to meet your specific needs. We also assist with specific projects such as funding applications, ensuring you have expertise precisely when required. Book an appointment for a free consultation and see how a Fractional FD could help your business to grow! #Finance #BusinessStrategy #FinancialGuidance #SMEs #Efficiency

Which comes first: the Controller or the CFO? In most cases, you’ll want to hire a full-time Controller before hiring a full-time CFO. However, hiring a Fractional CFO to support the business with a strong financial strategy in the meantime is beneficial. Here’s a breakdown ⬇️ Many businesses can suffice with a Senior Accountant or outsourcing bookkeeping up to $5 million in annual revenue. Businesses that generate between $5-$15 million in annual revenue (depending on complexity) would benefit from hiring a full-time Controller to manage their accounting functions and team. ➡️ Do you have a strong Controller on board to manage the accounting team but need fresh eyes to look at your current financial situation and make recommendations to get you back on track with performance expectations? DM me to chat about the best next steps to build your legacy business on sustainable strategies for long-term growth. #cashflow #fractionalcfo #financeadvice #businessfinances #financeleadership #businessleadership

📈 Did you know that hiring a part-time virtual finance director can be a game-changer for your growing business? They offer the expertise you need without the cost of a full-time employee. 💼 From financial strategy to budgeting and forecasting, they can help you make informed decisions that drive your business forward. 💡 Plus, their virtual presence means you can access their skills from anywhere in the world. Ready to take your business to the next level? #VirtualFinanceDirector #FinancialStrategy #GrowingBusiness

📈 Did you know that hiring a part-time virtual finance director can be a game-changer for your growing business? They offer the expertise you need without the cost of a full-time employee. 💼 From financial strategy to budgeting and forecasting, they can help you make informed decisions that drive your business forward. 💡 Plus, their virtual presence means you can access their skills from anywhere in the world. Ready to take your business to the next level? #VirtualFinanceDirector #FinancialStrategy #GrowingBusiness

Does the thought of hiring a full-time Finance Director feel like too much of a stretch that you just don’t want to commit to at this stage in your growing business?   Did you know that a Fractional Finance Director would support your financial management requirements with expertise and strategic guidance but on a part-time basis. This gives you high-level financial leadership without the cost or risk of a full-time hire.   It doesn’t matter if you need help with financial planning, cash flow management, legal compliance or strategic decision-making.   A Fractional Finance Director will provide the bespoke support you need to grow your business– and you can easily extend the support they provide as your business grows.   It takes away the risk and gives you the freedom you need to take your business in the right direction.   Get in touch to find out more and see how one of our FFDs will help your ambitious growth plans. 📈   #FractionalFinanceDirector #SMEGrowth #ArtemisClarke 

Do you know the difference between a Controller and a CFO? Here's what you need to know before hiring for your financial team 👇 Role of a Controller They're at the forefront of overseeing accounting, managing payroll, and ensuring accurate financial reporting. The CFO's Role They lead the way in financial forecasting and strategic advice, crucial for guiding a company's financial decisions and shaping growth strategies. Hire a CFO if you need: • Crafting strategic financial plans. • Providing expert investment advice. • Spearheading business growth strategies. • Making pivotal high-level financial decisions. Hire a Controller if you need: • Managing compliance. • Desire stronger processes. • Accurate financial reporting. • Overseeing accounting staff. Truth is, most businesses benefit from both roles. The best part is that outsourcing is currently the best solution for many SMBs. This approach has been popular since 2020, and it's here to stay. Fractional services from finance firms open the door for SMBs to a complete finance team. It's an adaptable, cost-effective approach to having a robust financial backbone. Find the right one for your business size and explore how this can transform your business.

Why should you consider hiring a virtual CFO? 🧠 Working with a Virtual CFO means you have someone outsourced to take care of your finances, without the need to employ someone full-time. Our virtual CFO's are flexible to suit your needs. We can be on-call and can share information and work with you online and remotely. Find our more about the benefits of a hiring virtual CFO 👇 https://lnkd.in/gdKwtn6j #AccountComm #FinancialManagement #Bookkeeping

What is a financial controller & why should you hire one? 🤔 In a SMB where a CFO is not yet present, a controller is the leader of the accounting & finance 🤑 functions of a business…and a critical hire. 💡When added to your team, a controller will help you shoulder much of the burden of financing a business. And allow you to focus on the other aspects of the business (e.g. operations and business development). A good controller will: 👉 Ensure all business transactions are recorded accurately with good internal controls 👉 Provide financial statements in a timely manner 👉 Develop a budget 👉 Manage cash flow (working capital, cash balances, etc.) 👉 Supply internal & external business partners with information as requested A GREAT controller will these AND: ✅ Have 5+ years industry experience ✅ Effectively manage/ develop teams ✅ Close the books <5 days ✅ Produce accurate forecasting ✅ Clearly communicate ideas ✅ Act as a business partner For many business owners, handing off this much responsibility to an employee can be a step filled with anxiety and fear. 😧 But it doesn’t need to be. 😀 The key is to get crystal clear on what you are looking for and tap your resources for help. At Outlook CFO we assess and actively prepare our clients for when the timing is right to hire a controller. 🎯 I would love to be a resource to you and others you know that need help with this. #fractionalcfo #financialcontroller #rapidgrowth

Most CEOs think hiring a CFO will solve ALL their financial problems. Spoiler: It won't. When operations get complex, a lone CFO isn't enough. Here’s what you actually need: A CPA ➝ To ensure compliance. A bookkeeper ➝ To keep records organized. A financial controller ➝ To manage reporting and controls. A data science team ➝ To analyze financial and non-financial data. Each specialist adding their unique expertise. All dancing together, in sync. Remember: You need a team, not just a title. P.S: Still unsure if you need a CFO or not? Let's have a chat and clarify everything: https://buff.ly/3Yl9CKK

Are you looking to hire a Finance Director for your SME? Before you start the hiring process, take a moment to consider if that's really the right role for your business. Here's why: A Finance Director oversees the entire finance function of a company with strategic responsibilities. However, they may not have the time to handle the day-to-day financial tasks that your SME may require. If your financial needs are not complex, a Finance Manager may be the right choice. They will handle tasks such as bookkeeping, invoicing, and managing cash flow. On the other hand, if your company has more complex financial needs, a Finance Controller may be the way to go. They will have more in-depth knowledge of financial regulations, handle financial reporting, and oversee the team. A CFO is a more strategic role. Remember, hiring the right finance role can save you both time and money in the long run. So, take a moment to consider which role your business truly needs. #financedirector #financejobs #fractionalCFO #financerecruitment #SME