Part Time Board Members and Interim Finance Personnel and Directors
In small and medium-sized businesses, the head of finance is often expected to cover a variety of roles, including:
- commercial director
- finance director (FD)
- chief accountant
- financial controller
- company secretary
- management accountant
- credit controller
- purchase ledger clerk
- bookkeeper.
This often results in an overworked or overpriced member of staff or poor financial control.
At S4B we provide an alternative. We'll place members of our staff within your company to work as part of your finance team on a part time interim basis. This gives you the benefit of skilled financial personnel without the HR commitment or the expenses involved in employing people yourself. We can even provide a full finance team if appropriate, using members of our staff with various levels of experience and qualifications to guarantee the best value.
In addition, we can supply experienced staff to sit on your board. This is a good starting point for companies that are struggling to achieve results. It's also an ideal option for entrepreneurs, who generally have great products and services and know how to sell, but struggle to run an efficient finance function. In both cases, a part time commercial director can be an excellent sounding board, providing challenge and support to help keep the business on course.
Our approach
In most cases we'll start by placing a senior member of our team at your company in a role such as part time finance director, commercial director or interim FD. Once the senior staff member has stabilised the situation and established effective processes and procedures, other less costly members of our team will generally step in to take over.
We only recruit people with strong interpersonal skills, not your typical insular accountant. See our staff profiles.
We'll implement specialist IT solutions to improve the efficiency and depth of your accounting processes. As standard we produce management accounts within ten days of the month end and draft statutory accounts within six weeks of the year end.
The benefits of using S4B personnel
By implementing established processes, procedures and software, we'll quickly be able to get your accounts into shape. Once the senior member of our team has laid the groundwork, in most cases appropriate members of our team will carry on where they left off. This leveraged service ensures continuity at a competitive price.
We'll also provide training for members of your own staff, often helping them take full advantage of the software you already have in place. This will enable them to carry out much of the work involved themselves, reducing your costs even further.
Additional benefits include:
- no recruitment costs or HR issues
- complete flexibility as your business grows
- reduced compliance costs, as we're already involved in the business
- no reliance on a single person - work is covered by a team
- cover for periods of absence due to staff holidays or sickness
- a smooth transition, guaranteed.
Please contact us to discuss how part time board or finance personnel from S4B could benefit your business.
