Outsourced Finance Director

Outsourced finance director services
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    An experienced finance director (FD) can promote business growth by offering comprehensive financial management tailored to your needs, saving you time and resources.

    Welcome to Butt Miller, your outsourced finance director

    At Butt Miller, we are pleased to offer our clients the valuable service of an outsourced finance director. This service is often provided on a part-time basis, and the commitment can be flexed according to the needs of the business at the time.

    With experience across many industry sectors, including live events, marketing, IT and consulting, construction and property, our finance team have the knowledge and skill to adapt to your unique needs.

    As specialist financial directors, our job is to do as much or as little as you require. Please get in touch today to discuss how we can support your growing business.

    What is an outsourced finance director?

    An outsourced finance director works alongside the managing director to establish your business’s strategy and goals and then provide actionable steps to achieve the desired outcome. Improving the business’s profitability is usually a key goal.

    This process often starts by determining what is possible to achieve. Then, it looks at the key drivers of profitability to see where improvements can be made. Pricing is often a key area to review.

    What type of businesses would benefit from having an outsourced finance director?

    Many businesses can benefit from having the services of an outsourced finance director.

    1) Growing companies

    Companies that are growing quickly or have already seen significant growth often experience challenges with working capital, which requires professional financial management to prevent damaging cash flow issues.

    2) Businesses facing challenges

    Companies struggling to understand what is working well within their business and what areas need improvement would benefit from reviewing their current financial reports to see where improvements could be made. This would provide the company with more insightful financial information that will allow them to drive improved performance.

    Similarly, if your business uses basic accounting systems that provide limited financial control, it may benefit from a financial review of its current systems along with recommendations on how they could be improved.

    3) Businesses in transition

    Companies looking to acquire another business would benefit from the services of an outsourced finance director to help them with the acquisition, understand the due diligence required, and model the opportunities and risks of the acquisition.

    Our outsourced finance director services

    Our outsourced FD services offer tailored solutions designed to reduce the burden of financial management by saving you time and money. With our experts by your side, providing detailed reports and valuable advice, we’ll give you the tools and knowledge required to make more informed financial decisions.

    Here’s how our services focus on driving growth and profitability:

    • Streamlining financial processes to provide better financial control
    • Reviewing and developing the monthly financial reports to provide more insightful information about the performance of the business
    • Meeting monthly to review the performance of the business and build an improvement action plan
    • Preparing monthly financial reports for issue to the management team in preparation for management meetings
    • Preparing detailed monthly profit and cash flow forecasts for the financial year to assess the expected full-year financial outcome along with any challenges that need to be addressed
    • Managing the cash flow finances of the company to ensure clients pay on time and there is sufficient cash to meet the objectives of the business going forward
    • Develop improvement action plans to drive improved financial performance

    Why choose Butt Miller as your outsourced finance director?

    At Butt Miller, we have over 20 years of experience providing outsourced finance director services to satisfied clients, with a demonstrable track record of success. We proudly work with businesses of all sizes, including established businesses, SMEs and limited companies across various industries.

    As a business owner, your time is precious, and you may find it challenging to keep up with the demanding financial aspects of running your business. In addition to possessing the knowledge and experience needed to provide a specialist service tailored to your individual situation, our finance team is fully adaptable to meet your business’s evolving needs.

    If you’re looking to alleviate your financial stress and focus on growing your business, get in touch today, and we’ll be happy to assist.

    Frequently asked questions about our outsourced finance director services

    To learn more about how your business can benefit from the support of an outsourced financial director, please take a look at some of our most recent frequently asked questions below.

    When is the best time to employ outsourced finance director services?

    A finance director will always be able to add value to your business. However, there may be times when employing the services of an outsourced finance director can help you when facing challenges, such as:

    • Experiencing rapid growth and requiring additional financial support
    • Experiencing increasing overhead costs and worry about the financial risk
    • Looking to improve the financial performance (i.e. increase your profits)
    • Needing better quality finance information to help with decision-making
    • Looking to improve your cash flow
    • Looking to raise additional finance to improve working capital or help with expansion

    Will an outsourced finance director act the same as a full-time finance director?

    An outsourced finance director will typically provide the same services and expertise as a full-time finance director. However, the main difference is the level of time they provide. Outsourced finance directors provide specialist support specifically focused on your business and schedule.

    They can work around your hours and even offer scalability as your business grows. They can also provide a broader level of expertise thanks to their experience working across various industries.

    What position is higher than a finance director?

    The finance director will typically report to the managing director, and if the business is part of a group, then they will report to the group finance director.

    Get in touch today
    If you would like advice and you are interested in our accounting services please call, email or complete our website contact form:

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    Who we help at Butt Miller

    We provide many different businesses with outsourcing solutions to help make bookkeeping and financial reporting simple. Our outsourced finance function is backed by sector specific experts who sit behind the scenes, crunching the numbers and providing valuable advice and insight.

    We are able to offer support across a number of different industries ranging from:

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