Business Strategy

Why should tech companies outsource their CFO and other finance functions

Software as a Service (SaaS) and technology businesses require heavy investment and the ability to scale. Having an outsourced Chief Financial Officer (CFO) or finance function will help to properly support the metrics needed to present to potential investors, and once you get investment, your business can begin to scale. “In the early days of […]

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CFO vs Accountant, What Does Your Business Need?

Many entrepreneurs opt to personally fulfil their own company’s accountancy responsibilities. This is often in a bid to prevent sensitive financial information from slipping into the wrong hands or simply to preserve complete control. However, if you are currently taking this DIY accounting approach for a small business you are running, you could find that

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Business Growth Strategies For Start-Up Businesses

Citing 2021 U.S. Bureau of Labor Statistics data, Investopedia reports that about 20% of new businesses fail within two years of opening. Meanwhile, 45% fail during the first five years, and 65% don’t make it to their tenth year. Just 25% of new businesses last at least 15 years. How can you increase your start-up’s

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man at desk

What does a finance director do?

A finance director (FD), sometimes known as a finance director consultant, is responsible for managing the financial affairs of a company. They ensure that the company has enough funds to meet its obligations, and they also monitor the company’s cash flow. Financial directors are usually involved in budgeting, forecasting, controlling costs, and ensuring profitability. Their

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Where does a CFO fit into a business’s financial structure?

A business’s financial structure is a matter for that specific organisation, and no two businesses will operate their financial teams in exactly the same way. Nonetheless, there is a standard structure that many will follow: a CFO (Chief Financial Officer), a vice president, one or more accountants, and a budget analyst. Whether the firm in

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