Outsourcing can free the charity from these challenges, allowing more resource to be focussed on core needs.
Some key benefits are:
Flexibility – Outsourcing can be as flexible as you need it to be. You have the choice to outsource all or parts of your finance functions according to budget and need. You have access to skilled specialists who can provide you with the level of support that you need, when you need it - from efficient and accurate bookkeeping to assisting with strategic oversight at finance director level.
Scalability – As much, or as little, capacity and support as you need, with the ability to scale up or down to meet your evolving or seasonal requirements, from short-term consultancy and project work to a fully outsourced finance team.
Technology – Your outsourced finance team will use up-to-date cloud-based accounting software, meaning that your accounting records will be up to date, accessible from anywhere and always securely encrypted and backed-up.
Cost-efficiency – You can buy only what you need in terms of outsourced support, reducing fixed overheads and allowing you to control spend to match your budget.
Risk reduction – Access to qualified and experienced accountants who already understand the detail of your charity and operations to provide expert guidance when you need it, reducing risk and providing you with assurance that your decision making is based on sound advice.
Expertise and experience – Able to assist with budgets, forecasts, and project reporting. Management accounts and analysis presented in a way that is meaningful and accessible to management, trustees, and other stakeholders.
