Before You Commit to Hiring
Bringing in a Financial Manager is usually a sign your business has grown beyond basic bookkeeping. You need proper reporting, tighter financial control and someone who owns the numbers day to day.
But hiring internally means salary, recruitment time and long-term commitment — all before you know whether the role is structured correctly.
There is another way to build that capability.
Instead of adding one person, you can put a structured finance function in place, covering the operational detail and the forward-looking insight such as financial forecasting and management accounts, without increasing headcount.
The Role of a Finance Manager
If you’re looking to hire a Finance Manager, chances are, you need someone who can:
- Create monthly management accounts and report packs
- Create cashflow forecasts and keep a check on budgets
- Day-to-day Financial Control, overseeing invoicing, bookkeeping and credit control
- Ensuring tax obligations are met and keeping a tight check on financial records
But hiring a role of that seniority often comes at a cost of between £50-70K a year in the UK, and that’s before pensions, NI, holidays or sickness are factored in. That’s a meaningful commitment, particularly if the workload doesn’t justify the salary.
What Outsourcing your Financial Manager Means...
Outsourcing isn’t about doing less. It’s about structuring things properly.
You gain access to:
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Financial management and reporting
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Credit control
Rather than relying on one individual, you have a dedicated A+L team supporting your finance function, with the right mix of experience across reporting, compliance and day-to-day operations.
What You Actually Get
With a fully managed finance setup, we take responsibility for the areas a Financial Manager would normally oversee and ensure they’re delivered consistently.
On paper, hiring looks straightforward.
In reality, it includes:
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Salary plus employer costs
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Recruitment fees and onboarding time
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Ongoing employment overhead
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The risk that the role evolves beyond what one person can manage
An outsourced finance team, by contrast, is delivered for a fixed monthly fee and typically works out around 30–40% more cost-effective than building the equivalent internal setup.
And you’re not dependent on one hire.
Day-to-day finance
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Raising invoices
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Paying suppliers
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Credit control and debtor chasing
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Payroll and expenses
Management & insight
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Monthly management accounts
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Cashflow management
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Forecasting
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Budget creation and analysis vs budget
Strategic support
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Board-level reporting
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Clear financial visibility for decision-making
All delivered with the feel of an in-house team available by phone, email, Teams or WhatsApp, whatever suits your needs.
A happy client - Gentoo Racing
Inhouse vs Outsourced: Cost Comparison
On paper, hiring looks straightforward.
In reality, it includes:
-
Salary plus employer costs
-
Recruitment fees and onboarding time
-
Ongoing employment overhead
-
The risk that the role evolves beyond what one person can manage
An outsourced finance team, by contrast, is delivered for a fixed monthly fee and typically works out around 30–40% more cost-effective than building the equivalent internal setup.
And you’re not dependent on one hire.
How Are We Cheaper?
It might sound too good to be true, but the difference is structural.
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You’re not locked into a full-time salary where demand fluctuates
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There are no recruitment or hiring costs
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Continuity is built in, no gaps due to absence
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You benefit from qualified accountants working as a team
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Best-in-practice software and automation are standard
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Processes such as reporting, payment runs and credit control are properly structured
It’s not about cutting corners. It’s about designing the finance function in a way that removes inefficiency and supports growth.
Know what you need? Get a quote.
Get an instant quote
Is Outsourced Finance only for larger businesses?
No, Outsourced Finance is designed for growing businesses of all sizes.
The clients who outsource their finance function to us are generally ambitious, growing businesses that need a full finance function but don’t want the overhead of hiring internally. The service also favours tech-savvy firms that want to stay on top of the latest industry developments, while maintaining full oversight of their numbers with customised reports and dashboards.
Will I have someone I can speak to day-to-day?
Yes, we'll be on hand to answer any queries whenever you need it.
We’re flexible with each client depending on how they prefer to communicate, whether that’s email, phone, Teams or WhatsApp. The idea is we become a part of your team, just like an inhouse hire would. You won’t just have one point of contact either, you’ll have a team at your disposal which makes communication as starightforward as can be.
What if we still have finance staff internally?
That's common, and still works very well.
For some businesses, we’ll work alongside a Finance Manager, Finance Director, bookkeepers or credit controllers.
We’re not here to just replace roles, we’re here to make your finance function easier and more effective. We can plug into your existing setup and support wherever needed, building something that actually works for your business. That also means we can stay flexible around how you already run things.
Do you do just one role, or the role of an entire finance team?
This depend on you, and what you need.
For some clients, our team of qualified accountants will do the job of one person or an entire team. However, for clients who may not need that level of support, our team may only need to support as a replacement for one role. It all depends on your requirements, and the beauty of the fully managed finance option is its flexibility.
Is pricing fixed or bespoke?
Pricing is always built on a bespoke basis depending on the clients' requirements.
Our clients pay us on a monthly retainer basis, and your quote will be tailored to your needs. In addition to this, we also work on a one-off basis for any project work you may need, such as legal assistance or tax advice/planning.
What kind of growth strategies can you help with?
Growth is different for every business, but we've worked with enough businesses to tailor our approach.
It might be boosting profitability by looking at pricing and costs. It could be expanding your team or opening a new office. Maybe it’s attracting investment or buyers to your business? The point is, we use your financial data to identify how we make your goals a reality. If you’re unsure whether you can afford that next hire, with better insights, you’ll be able to answer that question easily. In every case, we combine financial insight with practical business advice so you grow in a way that’s sustainable and strategic.
How fast can we start?
Usually, our onboarding can start the same week you decide to sign up with us.
That way, you’ll have:
- No more onerous notice periods
- Less risk for onboarding than taking on a staff member
- No awkward limbo period
- No reliance on a single employee
The great thing about letting us take care of your finance function is you get continuity, even during holidays or sickness, not to mention the cost saving.
Get in touch
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