19 PAUL MORRIS: DEMYSTIFYING PRIVATE EQUITY – AN INSIDER’SVIEW
BUSINESS SERVICES &OUTSOURCING: EMBEDDING THE FINANCE FUNCTIONOF THE FUTURE
CHALLENGES FACING THEVENTURE BACKED CFO
OPTIONS TOALLEVIATE PRESSURE
X May not have built enough bandwidth internally to focus on future direction of business X Struggle with attracting and retaining skills into finance function X Often bogged down in the day to day operations X Projects and improvement initiatives rarely fulfilled to required level X Concerned outsourcing all, or part, of finance function might compromise quality X Do not fully utilise latest cloud technology to streamline processes and workflows X Unclear what is possible from an outsourcing perspective.
X Explore various outsourcing models e.g. co-sourced or fully outsourced to relieve burden X Tap into experienced resource as and when you need it from a global accounting firm X Free up time to focus on strategy by leaning on advisors to deliver on back office activities e.g. payroll, production of management accounts X Adopt and embed best practice from advisors with experience of your sector X Tap into best in class tools and technology to maximise productivity X Flexible resource at your fingertips with scope to scale up or down as required.
OPTIMISING YOUR FINANCE FUNCTION
OUTSOURCING MODELS
IN-HOUSE
CO-SOURCED
FULLY-OUTSOURCED
MODEL
OUTSOURCING GIVES YOU
CONTROL
AGILITY
SECURITY
TYPE OF SUPPORT AVAILABLE
PROJECT/TRANSACTIONAL
PROACTIVE
STRATEGIC
BENEFITS OF OUTSOURCING
SCALABLE SOLUTION
EXTENSION OF YOUR FINANCE TEAM
ACCESS TO TECHNICAL ACCOUNTING EXPERTISE
QUALITY AND CONSISTENCY OF MI
TECHNOLOGY ENABLED SOLUTIONS
VARIABLE COSTVS. FIXED COST
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