What Our Finance Experts Can Do
Explore the areas of expertise our Flexible Finance Professionals can help with.
Whether you choose to outsource your finance function to us, or take on a virtual, interim or part-time finance resource, all of our people are experienced in all areas of financial management including:
Management Information
Our Finance Directors will gather information and provide monthly reporting of key financial statements and can include:
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Balance sheets
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Profit and Loss (P&L)
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Key Performance Indicators (KPIs)
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Plus, much more.
Cash Flow Forecasting
Most businesses fail because they run out of money but a robust cash flow management system will prevent this. The right accounting and finance staff will help put in place:
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Strategies if you run out of cash
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Contingency plans to secure loans if there is a shortfall
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Regular performance reviews to prevent the above happening in the first place.
Mentoring & Training
A senior Finance Director will effectively coach and mentor your operational finance staff, ensure all of your employees work to a high level and have opportunities to progress and ultimately benefit your business. A Finance Director from The Finance People will make sure the finance function is fit for purpose and support and nurture your finance staff.
Raising Finance & Scaling
If you need to raise finance and bring more money into the business, a finance professional can provide options which you may not have thought of or have the time to do yourself. They can:
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Identify new funding opportunities
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Look into bank loans or other loan avenues
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Try crowdfunding
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Find investors for your business
Profit Management
You need a clear measure of financial strategy to increase profit and grow. Our Finance Controllers or Finance Directors can put that in place for you. They will look at strategies which will help your business to:
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Sell more and increase revenue
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Drive customer loyalty and frequent purchases
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Increase prices of your services/products
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Reduce costs and overheads
Crisis Management
A qualified Finance Director will step in during the event of a crisis to help turn things around and plan an effective strategy to help recovery. All of our outsourced finance resources and part time finance experts are qualified in this type of crisis management.
Exit Planning
Whether you're planning to leave in 5 years or 25 years, if you're a business owner you should have an exit plan in place. Our Finance Directors will help you:
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Understand the variety of options available to you
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Learn how each strategy could benefit you
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Decide a plan with you
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Build an exit strategy ready to implement when you see fit
Risk Analysis
Our finance experts (whether you choose our outsourced finance option or one of our part time finance resources) will identify where the potential risks are in your business, both internally and externally, ensuring your company is secure and not exposed to risks such as:
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Foreign currency exchange
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Banks revoking loans
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Competitor analysis
Financial Modelling
The right Finance Director or Finance Controller will ensure the appropriate models are in place so that information is consistent. They will concentrate on the relevant financial model at the right time, e.g:
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Cash flow modelling
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Budget modelling
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Forecast modelling
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Business valuation
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Scenario planning
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Cost of capital
How we can help
At The Finance People, we provide flexible and affordable finance expertise to SMEs and startups. Our team of Finance Directors, Finance Managers and Finance Controllers work with your business in line with your requirements - anywhere from 1-3 days per week on a flexible contract. Get in touch to get started.