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EFM Experts
Financial Management
Business Growth
Knowledge Hub
AW House
6-8 Stuart Street
Luton Beds
LU1 2SJ
Tel: 01582 516300 or Email: [email protected]
Email: [email protected]
An increasing number of SMEs are able to grow whilst keeping a careful eye on overheads by using the flexibility and agility of insourcing key functions such as financial management. Routine finance and accounting services such as payroll and bookkeeping are regularly outsourced, but increasingly the more commercial areas of financial management, such as the roles of Financial Controllers and Finance Directors, can be insourced.
For many SME’s, the current pandemic has caused workloads in finance teams to shrink, so the resource needs to be re-evaluated; this has accentuated the need for strong financial discipline to help owners move from survival to prosper. EFM is on hand to provide your SME business with expert skills to help you start growing, manage your working capital, help you reduce down the ‘pile of debt’ built up through the pandemic and create a survival plan.
Insourcing finance functions helps companies to save overheads such as staffing and infrastructure, as well as related HR, training and staff development costs. It also helps companies to hire highly skilled and relevant resource ‘on tap’ to hit the ground running as their businesses moves out of lockdown.
Other advantages include:
A good example of this is how EFM recently supported a language £3m revenue services company, with their finance requirements to help improve their overall standing and save on budget as much as possible to ensure survival throughout the Covid pandemic. By replacing their full-time Head of Finance resource with one of our local part-time Finance Directors, we have managed to save the company up to £5k per month.
Business owners can get the bespoke support they need by insourcing their finance and accounting services to EFM. Our UK and Ireland team of experienced and multi-sector finance professionals range from high level Finance Directors & Financial Controllers, to lower level support functions, such as Bookkeepers, Credit Controllers & Payroll Managers.
To find out more around how EFM’s tailored financial management services can benefit your company, get in touch with the central team. Contact us via [email protected] or call 01582 516300 to set up your free initial consultation.
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