Your Finance Person Just Left. Here’s Why That Could Be the Best Thing for Your Business
Losing your finance person can feel like a big headache. Suddenly, the numbers aren’t being looked after, and the pressure’s on to find a replacement fast. But what if I told you this could actually be the perfect time to rethink how your finance function works, and come out better off?
What Is an Outsourced Finance Function?
An outsourced finance function means you hand over your finance tasks to a professional external team or specialist, rather than relying on a single in-house employee. This team manages your bookkeeping, accounts, reporting, compliance, and more. Often remotely, using cloud accounting software like Xero.
Why Is Outsourcing a Smart Solution When Your Finance Person Leaves?
No Recruitment Stress or Delay
Recruiting a skilled finance person isn’t easy. You need someone who knows your systems, understands your business, and can hit the ground running. Outsourcing means you get instant access to a team with diverse skills, no waiting for a recruitment process to play out.Expertise Across the Board
One person can only know so much. An outsourced team has a variety of experts on hand, from transactional finance to technical accounting and financial strategy. You don’t just get someone to “fill a seat” but a breadth of knowledge and experience.Faster, More Efficient Processes
Many small businesses find their in-house finance work takes longer than it needs to, sometimes the previous employee stretched tasks out over a full week, when really much less time was required. Outsourced finance teams use the latest automation tools and best practices to get the job done faster and more accurately.Cost-Effective and Flexible
Instead of paying a full-time salary with holiday pay, pension, and National Insurance, you pay only for the finance support you need, whether that’s full-time help or a few hours a week. This means you can scale your finance function up or down as your business changes.
Why Losing Your Finance Person Might Be the Best Thing That Happened
If you’re facing the challenge of replacing a finance employee, see it as an opportunity. Instead of rushing into a new hire that might have the same limitations, you can switch to a solution that:
Eliminates skill gaps
Increases efficiency
Reduces risk
Saves money in the long run
This kind of professional, outsourced finance support can actually give your business a competitive edge, with clean, up-to-date numbers and timely financial insights that help you make better decisions.
Ready to Make the Switch?
Replacing your finance person with an outsourced function might sound daunting at first. But the benefits speak for themselves. If you’d like to explore how outsourcing could work for your business, get in touch, and let’s talk about making your finance function a true business advantage.