The role of a part-time FD
Typically, a Part Time Finance Director (FD) is used by forward-thinking organisations that have reached the point where the expertise of a FD is the only way to safeguard its financial interests and the best way to guarantee its continued growth.
In the form of a Part Time FD, the experience of a commercial FD is now affordable for SME’s as you only pay for the skills when you need them. Some of the practical benefits include:
- Improvement of accuracy and flow of information
- Advise and report on your company’s financial performance
- Ensure sufficient working capital to run your business
- Lead role in raising finance to fund growth
- Forward looking by preparation of budgets and rolling forecasts, ensuring your growth strategy remains on track
- Attendance at monthly/quarterly review meetings
- Dependable, consistent availability and communication throughout the course of the partnership
- Direct contact with your key business relationships (Accountant, HMRC, Bank Manager)
- Offload all of the problems of your finance department, an FD will support and mentor your team
- Enhance your current senior management team
- Free business owners up to concentrate on growth
- Assistance in reviewing possible Mergers/Acquisitions
- Grooming your business ready for sale