Are you looking for the ‘next big contract’, or a prestigious new customer? Business owners often pin their hopes on these orders, believing they’ll help improve profits and cashflow, and be straightforward to manage. With increased sales, and the kudos that these jobs bring, it’s easy to see them as the solution to all of our problems.
While it’s great to win this kind of work, it’s often not the solution people expect. That’s because sometimes those jobs come with greater risks as well as rewards. Wouldn’t it be great if we understood those issues better?
How does outsourcing work?
That’s where an outsourced accounts service comes in. Our team analyse the different locations / jobs / products / services in your business and show you how each performs. We can then support you to get the mix and balance right. Of course, our team take care of compliance matters too. However we understand that the tough job is making sure you have sufficient cash to run your business, and that profits are growing over the longer term.
The good news is that you no longer have to employ a team in-house.
You may well choose to employ someone to provide this information and support, however that too is a risky strategy. Chances are, they’ll only be able to do part of the finance role, or if they can cover it all, they’re overqualified for the more straightforward tasks.
Outsourcing your finance function makes sense on so many levels.
- No need to provide desks, IT, training or holidays.
- Your outsourced team have both a broad and deep skill-set.
- No need to ‘project manage’ your finance function.
- Receive better quality information, and enjoy a fresh perspective from people with wide business experience.
- Time to focus on what you do best, rather than training your accountant.
You’re likely to already have an outside accountant who prepares year end accounts and tax returns. They may also provide specialist tax advice. If you’re happy with the service you receive, we can work with them.
But what does it feel like to outsource your finance function?
Some business owners worry about losing control, but this couldn’t be further from the truth. Here’s what Clay from Nautibuoy Marine has to say:
“The ‘big picture’ is much clearer now. And because I’m feeling much more confident about Xero, I’m able to focus on growing and developing our business.”
How does outsourcing influence your decision-making? According to Debbie from Assentech:
“[WCS] don’t shy away from difficult issues. They provide straightforward options for us to consider. It makes such a difference when your accountant talks your language. Their business experience shows!”
And what’s the overall impact likely to be? Charli from Safe Working Lifts tells us:
“With [WCS’s] help support and advice, we have made a huge change in how we run our business, resulting in increased turnover and profits, as well as better cash flow.”
Worth a chat about outsourcing? Let us know and we’ll arrange to pop out to see you.